23rd September 2025, Kathmandu
Sun Nepal Life Insurance Company Limited has marked its eighth anniversary, celebrating a period of significant growth, financial stability, and enhanced service delivery.
Sun Nepal’s 8th Anniversary
Sun Nepal Life Insurance Company Limited has marked its eighth anniversary, celebrating a period of significant growth, financial stability, and enhanced service delivery. Established on September 22, 2017 (Ashwin 6, 2074), the company has grown to become a notable player in Nepal’s life insurance market, with a focus on reaching a wide range of customers, from urban centers to remote rural areas. The company’s anniversary celebration served as a platform to highlight its key achievements, reaffirm its commitment to policyholders and investors, and outline its vision for the future. This celebration comes at a time when the broader Nepali insurance industry is witnessing substantial growth, with total premium income surpassing NPR 1 trillion and life insurance companies leading the way with a 15.55% increase.
Key Financial Highlights and Market Presence
Sun Nepal Life has built a strong financial foundation over its eight-year journey, positioning it as a reliable institution in the competitive insurance landscape. Its financial figures reflect not only its current stability but also its capacity to meet future obligations.
Paid-up Capital: The company’s paid-up capital has reached NPR 5.03 billion, a key indicator of its robust financial health and its ability to absorb risk.
Reserve Fund: It maintains a solid reserve fund of NPR 2.23 billion, which serves as a buffer against unforeseen liabilities and ensures the company’s long-term sustainability.
Life Insurance Fund: The life insurance fund stands at NPR 10.10 billion. This fund is a crucial metric for a life insurer as it represents the accumulated premiums and investment returns, which are vital for fulfilling long-term policy commitments. According to recent financial reports, the company’s life insurance fund increased by 32.68% in the last fiscal year, demonstrating strong growth in its core business.
Net Worth: The company’s net worth is NPR 154.35 per share, indicating a healthy financial position and increasing resilience.
These financial metrics, along with a reported 25.30% increase in net insurance revenue, showcase the company’s strong performance. The success of Sun Nepal Life is particularly noteworthy within the context of the overall Nepali life insurance market, which has seen a growth in total premium collection and an increasing number of active policies across the country.
Extensive Network and Innovative Offerings
One of Sun Nepal Life’s most significant achievements is its impressive nationwide reach. The company operates 146 offices across all seven provinces of Nepal, ensuring its services are accessible to a broad and diverse customer base. This extensive network is supported by a workforce of 362 employees and a formidable team of 40,976 agents and agencies. These agents are the company’s lifeline, extending life insurance and micro-insurance services to both urban centers and remote villages, thereby contributing to the broader financial inclusion agenda in Nepal.
The company has also focused on product innovation to meet the varied needs of its policyholders. Chief Executive Officer Raj Kumar Aryal highlighted the introduction of high-quality insurance plans and rider benefits. A standout product mentioned is the Sun Mediar rider, which has set a benchmark in the life insurance sector. This focus on combining modern services with customer-focused innovations has been key to its market success. The ability of the company to offer tailored insurance solutions and build a strong network of agents has allowed it to grow its market share in a highly competitive environment with 14 other life insurance companies operating in Nepal.
Leadership and Future Outlook
The company’s achievements are a testament to its skilled leadership team. The board of directors is chaired by Anuj Kayal, with key executives including Senior Deputy CEO Kabi Phuyal and other C-level officers providing strategic direction. This leadership has been instrumental in steering the company toward consistent growth. Looking ahead, Sun Nepal Life has pledged to continue its focus on innovation, technological advancements, and geographical expansion. The company plans to introduce more innovative products and strengthen its digital capabilities to remain a leader in the market. The company also reaffirmed its commitment to its stakeholders, expressing gratitude to regulatory authorities, customers, agents, and employees for their support. By combining a strong financial base with an expanding network and innovative product portfolio, Sun Nepal Life Insurance is well-positioned for continued growth and is set to play a significant role in safeguarding lives and contributing to Nepal’s economic progress. The company’s focus on customer satisfaction and social responsibility, demonstrated through its community initiatives, further solidifies its standing as a trustworthy and forward-thinking institution.
For More: Sun Nepal’s 8th Anniversary