17th September 2025, Kathmandu
Asian Life Insurance has introduced a special incentive for policyholders with lapsed policies, offering a discount of up to 50% on interest for renewals.
Asian Life Offers Interest Discount
This initiative is aimed at encouraging policyholders to reinstate their coverage and ensure their financial security. The offer is valid from September 17 to November 11, 2025 (Ashwin 1 to Kartik 25, 2082).
Interest Discount Structure and Eligibility
According to an official notice, the interest discount applies to policies that were due for premium payments by Bhadra end 2082 (mid-September 2025) and have remained unpaid for over six months. The discount is tiered based on the duration of the policy’s lapse:
- A 50% discount on interest will be given for policies that have been lapsed for five years or more. This is a significant relief for long-term policyholders who may have faced financial hardship and are now seeking to revive their plans.
- Policies that have lapsed for a period of two to five years are eligible for a 25% interest discount. While less than the maximum, this still provides meaningful financial relief to help policyholders get back on track.
- No interest discount will be provided for policies that have lapsed for less than two years.
It is important for policyholders to note that this is a one-time offer. Individuals who have previously benefited from an interest discount on the same policy will not be eligible for this new scheme. This ensures that the benefit is available to a wider group of people who have not previously taken advantage of such offers. The initiative is a clear reflection of the company’s commitment to customer retention and financial inclusion, making it easier for individuals to maintain continuous life insurance coverage.
The Importance of Reinstating a Lapsed Policy
A lapsed policy is one that has been terminated because the policyholder failed to pay the premium within the stipulated grace period. When a policy lapses, it loses all its benefits and coverage, leaving the policyholder and their beneficiaries unprotected. Reinstating a lapsed policy is crucial for restoring the financial security it was intended to provide. Without an active policy, the life insurance company is not obligated to pay out a death benefit, which can leave a family in a difficult financial situation in the event of the policyholder’s passing. The reinstatement process typically requires the policyholder to pay all outstanding premiums plus any accumulated interest and late fees. Asian Life Insurance’s offer significantly reduces this financial burden, making reinstatement a more viable option for many.
The company’s initiative to reduce interest on overdue premiums is particularly beneficial in a post-pandemic economic environment, where many individuals may have faced financial constraints. By offering this discount, Asian Life Insurance is encouraging a culture of long-term financial planning and security for families across Nepal. The offer also serves as a strategic business move, as it helps the company to reduce its lapse rate and increase its policy revival rate, which are key indicators of profitability and customer engagement in the insurance sector.
How to Avail the Offer
Eligible policyholders who want to reinstate their policies must act within the specified timeframe, from September 17 to November 11, 2025 (Ashwin 1 to Kartik 25, 2082). To take advantage of the discount, customers should contact their nearest Asian Life Insurance branch or an authorized agent. They will need to submit the necessary documentation and a formal request for renewal. Once the request is approved and the policyholder pays the outstanding premium, the applicable interest discount will be automatically applied. The company urges all eligible clients to act promptly to make the most of this limited-time opportunity. This initiative is a testament to Asian Life Insurance’s customer-first approach, providing a transparent and practical solution to address the financial challenges faced by its policyholders.
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