National Life Committee President Election Update Nepal

29th March 2026, Kathmandu

The National Life Committee President election has established a new leadership structure for the insurance sector of Nepal, with Rajendra Bahadur Chand unanimously elected as the President of the National Life Insurer Committee.

National Life Committee President 

This committee operates under the Professional Insurance Agents Association Nepal, which is the primary body representing insurance professionals across the country. As of early 2026, this leadership transition marks a critical point for the association as it seeks to navigate new regulatory landscapes and agent welfare policies.

Background of the Election

The leadership election took place during the second national convention of the association, which was held in the city of Butwal. The event saw a large participation of representatives from National Life insurers and professional insurance agents from various provinces. This convention served as a vital platform to strengthen coordination, professional leadership, and representation within the rapidly growing insurance industry of Nepal.

Newly Elected Leadership Team

The newly formed leadership team reflects a broad and inclusive representation of professionals from across the country, ensuring that the voices of agents from various districts are heard.

Key Office Bearers

President: Rajendra Bahadur Chand

Senior Vice President: Shankar Lamichhane

Vice Presidents

The convention elected several Vice Presidents to oversee regional operations:

• Yam Kumar Rai
• Rajesh Yadav
• Lila Kumari Adhikari
• Bhuwani Prasad Adhikari
• Chudamani Subedi
• Pushpa Khadka
• Manju Bhatt

Secretariat and Financial Roles

• Secretary: Yatiraj Adhikari
• Joint Secretaries: Manoj Kumar Adhikari, Radhika Kumari Basnet, and Nirajan Rai.
• Treasurer: Shyam Kumar Shrestha
• Deputy Treasurer: Basanta Thapa

Central Committee Members

A significant group of central members was also unanimously selected to support the executive roles. This list includes Bhola Shah, Nepalman Shrestha, Chanda Kumari Ravidas, Babita Kumari Singdan, Rekha Devi Thakur, Nagendra Kumar Das, Gopal Adhikari, Tekraj Magar, Hiralal Shrestha, Santosh Gurung, Pradeep Dahagale, Sharmila Aryal Pandey, Nabin Kafle, Purna Bahadur Mahtara, Ratan Singh Chat, Santaraj Thakulla, and Bhakta Bahadur Budha. Their diverse backgrounds ensure that the organizational structure is resilient and representative of the entire workforce.

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Key Figures and Event Highlights

The convention was chaired by Govinda Prasad Adhikari, the outgoing President of the National Life Insurer Committee. The chief guest at the event was Suresh Prasad Khatri, the CEO of National Life Insurance Company Limited. His presence underscored the importance of a collaborative relationship between corporate management and the field agents who drive the business.

Special guests included Kedar Nath Adhikari and Jamuna Aryal Acharya from the Nepal Insurance Authority (NIA). Their involvement provided a regulatory perspective on the future of agent licensing and professional ethics. Other notable attendees included Vivek Sharma, Dipnarayan Khanal, Deepak Aryal, and Bimal Neupane.

Significance of the Election

The unanimous election of the National Life Committee President reflects a strong consensus and unity within the insurance community. This leadership transition is expected to have several positive impacts:

Enhanced Coordination: Better alignment between individual insurance agents and the central association.

Policy Influence: Stronger representation at the policy-making levels with the Nepal Insurance Authority.

Professional Standards: A renewed focus on improving the ethical and professional standards of agents.

Market Expansion: Improved collaboration to reach underserved populations in rural Nepal.

Future Outlook

Under the leadership of Rajendra Bahadur Chand, the committee is expected to focus on addressing the immediate challenges facing the industry in 2082. This includes advocating for better commission structures, professional insurance for agents, and digital training programs to help agents adapt to the new e-policy systems. The new team has the opportunity to drive reforms that create a more structured and supportive environment for everyone involved in the life insurance sector.

Conclusion

The National Life Committee President election marks a significant milestone for the insurance sector of Nepal. With a strong and inclusive leadership team now in place, the National Life Insurer Committee is well-positioned to advance the interests of insurance agents and contribute to the overall growth of the financial sector. This development reinforces the value of organized leadership and collective action in shaping a secure future for both agents and policyholders in Nepal.

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