Himalayan Life Insurance AGM Approves Reports
16th February 2026, Kathmandu
Himalayan Life Insurance Limited reached a significant corporate milestone on Wednesday, February 11, 2026, by successfully conducting its 19th Annual General Meeting at the Amrapali Banquet in Naxal, Kathmandu. This assembly served as a vital platform for the company to showcase its resilience and strategic progress following the historical merger that formed the current entity. The meeting was characterized by strong shareholder engagement and a collective focus on strengthening the company’s position as a premier life insurance provider in Nepal.
Himalayan Life Insurance AGM
The primary agenda of the gathering was the formal review and approval of the financial performance for the fiscal year 2081/82. Shareholders and board members examined the audited financial statements, which were prepared in strict accordance with the Nepal Financial Reporting Standards. The unanimous approval of the balance sheet, profit and loss account, and cash flow statements reflects a high degree of confidence in the company’s financial health and the transparency of its reporting practices. In a consolidated move, the meeting also ratified the financial statements of the company’s subsidiary, Himalayan Investment Banker Limited, ensuring that the group’s entire financial ecosystem remains under rigorous oversight.
Governance remained at the forefront of the meeting’s discussions. To further enhance the board’s diversity and independent oversight, the assembly unanimously endorsed the appointment of Gopal Ghimire as an independent director and Deepak Nepal as a director. These appointments are strategically designed to align the company’s leadership with the directives of the Nepal Insurance Authority, which emphasizes the role of independent voices in corporate decision making. The inclusion of these experienced professionals is expected to provide fresh perspectives on risk management and long term capital planning.
In addition to governance updates, the assembly addressed the company’s future auditing requirements by appointing S.A.R. Associates Chartered Accountants as the external auditor for the fiscal year 2082/83. This selection ensures that the company continues to meet statutory audit requirements while maintaining a high standard of financial integrity. Furthermore, the board of directors was granted the necessary authority to implement any amendments or modifications to the company’s initiatives if mandated by regulatory bodies. This flexibility is crucial in a rapidly evolving regulatory environment where the Nepal Insurance Authority frequently updates solvency and capital adequacy requirements.
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During the meeting, Chairman Sulabh Agrawal presided over the sessions, emphasizing that the company is currently focusing on three main pillars: digital transformation, customer centric service delivery, and prudent risk management. He noted that since the merger of Prime Life, Union Life, and Gurans Life into Himalayan Life Insurance, the company has successfully integrated its human resources and technological assets to offer a more diverse portfolio of products. These products now range from traditional endowment plans to specialized child and retirement schemes, catering to a broad demographic across both urban and rural Nepal.
Chief Executive Officer Kapil Kumar Dahal played an active role in the session by directly addressing various queries raised by shareholders. He provided detailed insights into the company’s premium growth, which reached an impressive 17.66 billion rupees in the fiscal year 2081/82. He also highlighted the strength of the company’s life fund, which has grown to over 76 billion rupees, and a total investment portfolio exceeding 75 billion rupees. Dahal assured investors that the management is committed to implementing their feedback to enhance operational efficiency. A key part of this strategy involves expanding the network points, which currently stand at 198 locations across the nation, to ensure that insurance access is available in every corner of Nepal.
The meeting also touched upon the company’s commitment to its policyholders through the announcement of competitive bonus rates. For the fiscal year 2081/82, the company has set bonus rates ranging from 30 rupees to 86 rupees per thousand of the sum assured, depending on the policy type and duration. These rates serve as a tangible return for policyholders and reinforce the company’s reputation as a stable and profitable insurer. By balancing shareholder dividends with policyholder bonuses, the company is maintaining a healthy equilibrium between its diverse stakeholders.
In conclusion, the 19th Annual General Meeting of Himalayan Life Insurance was more than a procedural requirement; it was a demonstration of corporate maturity and strategic intent. With a strengthened board, a robust life fund, and a clear mandate for digital expansion, the company is well positioned to navigate the challenges of the upcoming fiscal year. The successful conclusion of this meeting signals to the market that Himalayan Life Insurance is prepared to lead the industry through innovation, transparency, and a relentless focus on customer value. Investors and policyholders can look forward to a year of consolidated growth as the company executes the strategic plans approved during this Kathmandu assembly.
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