13th August 2025, Kathmandu
In a strategic move to boost performance and recognize excellence, IME Life Insurance, through its Sunshine Group, organized a grand Agency Manager Award ceremony and capacity-building training program in Itahari.
Agency Manager Award 2025
The event, held at Ganga Jamuna Hotel, brought together over 100 top-performing agency managers and team leaders from Koshi Province, demonstrating the company’s commitment to investing in its field force. This initiative is a prime example of how insurance companies in Nepal are focusing on their agent network as the key to driving growth and increasing insurance penetration.
A Platform for Recognition and Professional Development
The program was designed with a dual purpose: to honor the hard work of high-achieving individuals and to equip them with the skills needed for future success. The highlight of the event was the address by Mr. Pawan Kumar Khadka, the CEO of IME Life Insurance. In his speech, he provided an overview of the company’s recent achievements and outlined its future strategies. This direct interaction between top management and the agency force is crucial for building a cohesive vision and ensuring that the company’s goals are aligned with the efforts of its on-the-ground teams. Such events foster a sense of shared purpose and motivate agents to strive for excellence.
The importance of the event was further amplified by the presence of other key leaders, including Sunil Kumar Acharya, the Training Department Head, and Milan Dahal, the Koshi Province Head. They delivered motivational and educational speeches that covered essential topics such as “The Relationship Between Agencies and Insurance” and “The Bright Future of Insurance Agents.” These sessions serve to reinforce the core principles of the insurance profession and provide practical knowledge that agents can use to better serve their clients and grow their business.
The Importance of Agents in Nepal’s Insurance Market
The event’s focus on agency managers and team leaders is particularly significant given the current landscape of Nepal’s insurance market. While overall insurance coverage is growing, driven by microinsurance and policies for migrant workers, the penetration of traditional life insurance remains a key challenge. As recent reports indicate, Koshi Province is the third-largest market for life insurance in Nepal, yet there is still a vast potential for growth.
Agency managers and agents are the backbone of this growth. They are the direct link between the insurance company and the public, responsible for educating potential clients, building trust, and facilitating sales. By providing them with advanced training and recognizing their hard work, IME Life Insurance is not only investing in its own success but also contributing to the broader national goal of enhancing insurance literacy. Events like this help to combat issues like high policy surrenders, which can be caused by a lack of proper client education and trust.
A Strategic Move for Market Leadership
The Sunshine Group, led by its President and Chief Agency Manager Devendra Koirala, plays a pivotal role in this initiative. By organizing such a comprehensive program, the group is helping to build a highly motivated and skilled sales force. The participation of over 100 individuals, including MDRTs (Million Dollar Round Table), chief agency managers, and branch heads, shows the high caliber of professionals within the company’s network.
This initiative aligns with IME Life Insurance’s broader mission to become a market leader. By focusing on an agent-centric strategy and leveraging technology to provide better services, the company is positioning itself for sustained growth. The program concluded with a review session where participants shared feedback, ensuring that the training is not a one-way street but a collaborative process that genuinely helps agents succeed. In a highly competitive market, such strategic investments in human capital are what will set IME Life Insurance apart and help it achieve its ambitious goals.
For More: Agency Manager Award 2025