National Life Secretary Appointment of Himal Koirala Announced

30th March 2026, Kathmandu

National Life Insurance Company Limited has officially announced a key management change under the National Life Secretary Appointment, naming Himal Koirala as the new Company Secretary.

National Life Secretary Appointment

This decision comes following the resignation of the previous secretary, marking an important transition in the company’s administrative leadership in 2026. As one of the oldest and most established insurers in Nepal, maintaining a stable and legally sound secretariat is vital for its continued market dominance.

The National Life Secretary Appointment is seen as a strategic move to promote internal talent while ensuring that the legal and compliance wings of the firm remain under expert supervision. The transition ensures that the board of directors and the executive management stay aligned with the latest directives from the Nepal Insurance Authority.

Himal Koirala Appointed as Company Secretary

Under the official National Life Secretary Appointment framework, Himal Koirala has been promoted to the high-level position of Company Secretary. Prior to this elevation, Koirala was serving as a Deputy Administration Manager within the same organization. His intimate knowledge of the company’s internal culture and operational workflows was a significant factor in his selection.

Koirala is academically distinguished, holding a postgraduate degree in law (LLM). This qualification makes him exceptionally well-suited for the multifaceted responsibilities associated with corporate governance, regulatory compliance, and complex legal affairs. His expertise is expected to provide a robust shield against legal risks while facilitating smoother administrative cycles.

Board Decision Finalizes Appointment

The formal appointment was approved during a high-level board of directors meeting held on Chaitra 9, 2082. During the session, the board recognized the long-term experience and specific legal expertise of Koirala as the primary drivers for his selection. The National Life Secretary Appointment reflects the broader focus of the company on strengthening its internal governance structure by placing qualified professionals in key fiduciary positions.

By choosing an internal candidate with a strong legal background, the board has signaled its preference for continuity and professional meritocracy. This is particularly important for a publicly listed entity on the Nepal Stock Exchange (NEPSE), where shareholder transparency is a top priority.

Previous Secretary Resigns from Post

The position of Company Secretary became vacant following the formal resignation of Sharmila Shrestha. Shrestha had been serving in the role for a significant period, overseeing various administrative milestones for the insurer. Her departure created an immediate need for a capable successor to ensure that there was no lapse in the legal or secretarial operations of the firm.

Following the acceptance of her resignation, the board of directors moved promptly to fill the vacancy. The speed of the National Life Secretary Appointment indicates the company’s commitment to avoiding any administrative vacuum that could affect its regulatory filings or board coordination.

Role and Responsibilities of the Company Secretary

The National Life Secretary Appointment is a critical development because the Company Secretary serves as the bridge between the board of directors and the shareholders. Key responsibilities that Himal Koirala will now manage include:

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Regulatory Compliance: Ensuring all operations adhere to the Insurance Act and SEBON regulations.

Corporate Governance: Managing the ethical and legal standards of the firm’s decision-making processes.

Board Coordination: Organizing board meetings, recording minutes, and ensuring the timely execution of board resolutions.

Legal Representation: Handling administrative legal matters and acting as a point of contact for regulatory authorities.

With his extensive law background, Koirala is expected to contribute significantly to maintaining the high transparency standards for which National Life Insurance is known.

Strengthening Corporate Governance in 2026

This appointment highlights the commitment of National Life Insurance Company to modern governance practices. By selecting a candidate with advanced legal knowledge, the company aims to enhance its internal controls and ensure that every policy issued is backed by sound legal frameworks.

The National Life Secretary Appointment also aligns with the broader trends in the corporate sector of Nepal, where organizations are increasingly moving away from purely administrative appointments toward specialized legal and compliance-heavy roles. This ensures greater accountability to the thousands of policyholders who trust the company with their life savings and insurance needs.

About National Life Insurance Company Limited

National Life Insurance Company Limited is one of the premier insurance providers in Nepal, boasting a diverse range of products including endowment, whole-life, and child education plans. The company has a massive network of branches and agents across all seven provinces. The appointment of a new Company Secretary is a fundamental part of its ongoing efforts to build institutional capacity and prepare for the digital insurance era.

Conclusion

The National Life Secretary Appointment marks a significant leadership update for National Life Insurance Company Limited. With Himal Koirala stepping into this vital role, the company is poised to benefit from a blend of legal academic excellence and deep administrative experience. Such strategic appointments are essential for maintaining the high governance standards required in the rapidly evolving financial sector of Nepal.

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