Kabi Phuyal Appointed as Acting CEO of Sun Nepal Life Insurance

8th April 2026, Kathmandu

In a significant leadership shift, Sun Nepal Life Insurance Company Limited has officially appointed Kabi Phuyal as its Acting Chief Executive Officer (CEO).

Kabi Phuyal Appointed Acting CEO

The decision was made during a Board of Directors meeting held on Chaitra 24 (April 6, 2026), following a vacancy in the top executive role.

The move comes as the company’s current CEO, Raj Kumar Aryal, is presently in police custody. To ensure the continuity of business operations and maintain corporate stability, the board authorized Mr. Phuyal to take over the executive responsibilities effective immediately.

Transition of Leadership at Sun Nepal Life

Prior to this appointment, Kabi Phuyal served as the Senior Deputy Chief Executive Officer of the insurance firm. With extensive experience in the Nepalese insurance sector, his elevation to the acting role is intended to provide steady leadership during a challenging period for the organization.

The Board of Directors emphasized that the appointment is a strategic measure to keep the company’s growth trajectory on track while the legal process involving Mr. Aryal unfolds.

Corporate Stability and Governance

Sun Nepal Life Insurance is one of the prominent players in the life insurance market in Nepal. The swift appointment of an Acting CEO highlights the board’s commitment to:

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Operational Continuity: Ensuring that policyholders and stakeholders face no disruption in services.

Regulatory Compliance: Adhering to the governance standards set by the Nepal Insurance Authority.

Strategic Oversight: Maintaining the management of investment portfolios and new insurance schemes.

Key Information Table

Looking Ahead

The insurance industry will be closely watching how Sun Nepal Life navigates this transition. Under the leadership of Kabi Phuyal, the company is expected to focus on strengthening its digital presence and expanding its reach across the provinces.

As the legal proceedings regarding the former CEO continue, the company remains focused on its core mission of providing reliable life insurance solutions to the Nepalese public.

For more: Kabi Phuyal Appointed Acting CEO