Reliable Life Insurance Enters Its Ninth Year
31st August 2025, Kathmandu
Reliable Life Insurance, which was established on August 31, 2017 (Bhadra 15, 2074), has officially entered its ninth year of operation.
Reliable Life’s New Year
The company marked this milestone by expressing gratitude to its stakeholders and highlighting its strong financial performance in the fiscal year 2023/24. Its net profit surged by a remarkable 47.26%, making it the top performer in terms of profit growth among all life insurance companies in Nepal.
Solid Financial Foundation and Growth
Reliable Life Insurance has demonstrated exceptional financial stability and growth, which is a key indicator of its resilience in a competitive market. The company’s net profit grew by 47.26%, reaching a total of NPR 572 million in FY 2023/24. This impressive performance is a testament to its effective financial management and strategic investments. While many companies struggle to balance claims, costs, and revenue, Reliable Life has shown its ability to not only remain profitable but also to grow at an industry-leading rate.
The financial strength of the company is also evident in its capital, reserves, and funds. The company’s paid-up capital stands at NPR 5.20 billion, complemented by a share premium of NPR 1.39 billion. Furthermore, the company has built a substantial life insurance fund of NPR 13.63 billion. This fund is crucial for ensuring that the company can meet its financial obligations to policyholders and manage future claims, which demonstrates its commitment to long-term sustainability.
Investments and Market Presence
Beyond its own balance sheet, Reliable Life Insurance contributes significantly to Nepal’s broader economy. The company has made investments amounting to NPR 19.29 billion in various sectors, thereby supporting the country’s financial landscape and infrastructure development. The company also successfully collected NPR 5.03 billion in net premiums, which highlights the trust that policyholders have in the company and its expanding market presence. This strong premium collection base is a direct reflection of the effectiveness of its agent network and the appeal of its insurance products.
From a shareholder’s perspective, the company’s performance is equally impressive. Its earnings per share (EPS) is recorded at NPR 10.97, while its net worth per share stands at NPR 147.47. These indicators are critical for investors, as they signal the company’s profitability and financial health. The solid EPS and high net worth per share make Reliable Life an attractive option for those looking to invest in the growing life insurance sector in Nepal.
Commitment to Service Excellence and Future Outlook
On its eighth anniversary, the company expressed gratitude to a wide range of stakeholders, including regulatory bodies, founders, agents, employees, and most importantly, its insured clients. This focus on stakeholder relations is a key part of its business philosophy. In a highly competitive market, the company is committed to not only maintaining but also enhancing its service quality. The management has pledged to continue introducing innovative services, customer-friendly products, and digital solutions to ensure client satisfaction.
Reliable Life Insurance’s successful completion of eight years and entry into its ninth is a significant milestone that reflects its solid foundation, remarkable financial growth, and unwavering commitment to customer trust. The company is well-positioned for continued growth, backed by its strong capital base, a substantial life insurance fund, and a proven track record of profitability.
For More: Reliable Life’s New Year
