13th August 2025, Kathmandu
Reliable Nepal Life Insurance Limited has provided a death claim payment of NPR 1.546 million to the family of a policyholder in Lamjung who tragically passed away while working in Saudi Arabia.
Reliable Pays Death Claim
The policyholder, Tej Prasad Gurung, had paid only the first premium installment before his death, yet the company honored the full sum assured of NPR 1.5 million along with an applicable bonus. This prompt and full settlement highlights the vital role of life insurance in providing financial security, especially for families of migrant workers.
A Commitment to Timely Claim Settlement
The unfortunate passing of Tej Prasad Gurung on Jestha 14, 2082 (May 27, 2025) while working abroad brought to light the critical importance of having a life insurance policy. For his family in Kwholasothar Rural Municipality–1, Lamjung, the claim payment of NPR 1.546 million from Reliable Nepal Life Insurance is not just a financial transaction; it’s a lifeline during a time of immense grief and financial uncertainty.
The fact that the company honored the full claim amount of NPR 1.5 million plus a bonus, despite the insured having paid only a single premium, is a powerful testament to the company’s commitment to its policyholders. This action reinforces the core purpose of insurance: to provide financial protection when it is needed most, without undue delay or complication. The company’s Besisahar branch processed the claim promptly, and a formal handover event was held to deliver the cheque to the bereaved family. The presence of local community leaders, including the Acting Chairperson of Kwholasothar Rural Municipality, underscored the community-wide significance of this financial relief.
The Role of Life Insurance for Nepali Migrant Workers
This incident also serves as a poignant reminder of the significance of life insurance for Nepali migrant workers. Nepal has a large number of citizens working abroad, many of whom face heightened occupational risks and hazardous working conditions. These workers are the primary breadwinners for their families back home, and their untimely demise can plunge their loved ones into severe financial distress.
Policies from companies like Reliable Nepal Life Insurance provide a crucial safety net. As the search results indicate, the government and various insurance providers have a focus on term life insurance for those working overseas. This type of policy offers a large sum assured for a relatively low premium, making it an accessible and essential form of protection. In this case, Tej Prasad Gurung’s family received a substantial sum that can help them cover immediate expenses, pay off debts, and secure their future, even though the insured’s contribution was minimal. This story powerfully illustrates the “peace of mind” that a life insurance policy can provide to both the policyholder and their family.
Spreading Awareness and Financial Literacy
In addition to settling the claim, the handover event included an awareness and training session led by Branch Manager Raju Gurung and his team of financial advisors. Such sessions are vital in a country where financial literacy, particularly concerning insurance, is still developing. They help demystify the insurance process, explain the terms and conditions, and highlight the benefits of securing a policy. This proactive approach by Reliable Nepal Life Insurance not only serves its customers but also contributes to the broader goal of increasing insurance penetration and financial security across Nepal. The company’s commitment to timely and hassle-free claim settlement is a cornerstone of this effort, as it builds trust and confidence in the insurance industry as a whole.
This specific case from Lamjung stands as a strong example of how a well-structured life insurance policy can deliver on its promise, providing much-needed support to a family facing an unimaginable loss. It reinforces the importance of securing a life insurance policy, especially for migrant workers, and highlights Reliable Nepal Life Insurance’s role in fulfilling its social and financial responsibilities.
For More: Reliable Pays Death Claim