Nepal Life Insurance Sector Reports 9.36 Percent Growth In Renewal Premium Income For FY 2082/83
3rd August 2026, Kathmandu
Nepal’s life insurance industry recorded a 9.36% year-on-year increase in renewal premium income during the fiscal year 2082/83.
Life Insurances Report Growth
The country’s 14 life insurers collectively generated Rs. 150.61 billion in renewal premiums during the period.
According to data released by the Nepal Insurance Authority, total renewal premium collection grew from Rs. 137.73 billion in the previous fiscal year to Rs. 150.61 billion.
This upward movement highlights steady policy renewals and improved customer retention across the domestic life insurance sector.
Renewal premiums serve as a critical industry metric, indicating policyholders are continuing scheduled payments to keep their life insurance coverage active.
Nepal Life Maintains Dominant Market Leadership
Nepal Life Insurance retained its position as the largest renewal premium collector, generating Rs. 40.61 billion in renewal premiums during FY 2082/83.
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The breakdown of renewal premium collections across the remaining 13 life insurance companies includes:
- National Life Insurance: Rs. 17.74 billion
- LIC Nepal: Rs. 17.70 billion
- Himalayan Life Insurance: Rs. 15.63 billion
- SuryaJyoti Life Insurance: Rs. 9.16 billion
- Rastriya Jeevan Beema Company: Rs. 8.84 billion
- Asian Life Insurance: Rs. 7.73 billion
- Citizen Life Insurance: Rs. 6.06 billion
- Sanima Reliance Life Insurance: Rs. 5.66 billion
- MetLife Nepal: Rs. 5.22 billion
- IME Life Insurance: Rs. 4.68 billion
- Prabhu Mahalaxmi Life Insurance: Rs. 4.18 billion
- Reliable Nepal Life Insurance: Rs. 4.15 billion
- Sun Nepal Life Insurance: Rs. 3.26 billion
IME Life Insurance Emerges As Fastest Growing Company
IME Life Insurance recorded the highest year-on-year growth rate in renewal premium income, posting a 25.76% expansion.
The complete annual growth performance across all 14 life insurers for FY 2082/83 includes:
- IME Life Insurance: 25.76%
- Citizen Life Insurance: 17.58%
- Reliable Nepal Life Insurance: 17.43%
- Sun Nepal Life Insurance: 16.41%
- Sanima Reliance Life Insurance: 15.85%
- Prabhu Mahalaxmi Life Insurance: 15.46%
- SuryaJyoti Life Insurance: 14.50%
- Asian Life Insurance: 9.58%
- Nepal Life Insurance: 8.89%
- MetLife Nepal: 8.55%
- National Life Insurance: 8.31%
- Himalayan Life Insurance: 5.26%
- LIC Nepal: 4.79%
- Rastriya Jeevan Beema Company: 1.12%
Industry Overview And Market Confidence
The sustained rise in overall renewal premium income demonstrates improving policy persistency and growing public trust in Nepal’s life insurance industry.
While Nepal Life Insurance maintains market leadership in total volume, companies such as IME Life Insurance and Citizen Life Insurance recorded strong double-digit growth, driving overall market expansion.
For More: Life Insurances Report Growth
