SuryaJyoti Life credit card for policyholders
17th February 2026, Kathmandu
The landscape of insurance and banking synergy in Nepal has reached a new milestone with the launch of the SuryaJyoti Life credit card initiative. In an innovative partnership with NIC ASIA Bank, SuryaJyoti Life Insurance Company Limited has introduced a program that provides a free credit card to its vast network of policyholders and active insurance agents. This move, finalized in early 2082 (2026), is designed to bridge the gap between insurance protection and modern financial liquidity, allowing stakeholders to manage their daily expenses and premium payments with greater flexibility. By offering a credit instrument at zero initial cost, the two institutions are not only rewarding loyalty but also driving the national agenda of digital financial inclusion and cashless transactions.
SuryaJyoti Life credit card
SuryaJyoti Life Insurance, formed from the successful merger of Surya Life and Jyoti Life, is currently one of the largest life insurers in Nepal, serving millions of customers through an extensive branch network. The introduction of the credit card facility is a strategic response to the evolving needs of the Nepali middle class, which increasingly seeks integrated financial solutions. For policyholders, the credit card acts as a financial cushion, providing a revolving credit line that can be used for various purposes, including the timely payment of insurance premiums. This ensures that life insurance policies remain active and do not lapse due to temporary cash flow constraints, thereby safeguarding the long term financial security of the families involved.
The technical benefits of the NIC ASIA Bank credit card offered under this scheme are comprehensive. As a globally recognized payment instrument, the card can be used at millions of Point of Sale terminals and online e commerce platforms across Nepal and India. The card features the latest EMV chip and PIN technology, ensuring that all transactions are encrypted and secure against fraudulent activities. For active agents of SuryaJyoti Life, the credit card serves as a vital tool for professional management. Agents, who are often on the move to serve clients in diverse geographical locations, can utilize the card for travel and administrative expenses, which can then be settled easily through their commission earnings.
Applying for the SuryaJyoti Life free credit card has been made straightforward to ensure maximum participation. Eligible policyholders and agents can visit any of the more than 360 branches of NIC ASIA Bank located across the country. To facilitate the process, the SuryaJyoti Life Mobile App has been updated with a dedicated section that provides application instructions and digital support. By leveraging the bank’s robust digital infrastructure, the approval process is streamlined, often requiring minimal additional documentation beyond the existing verified insurance policy details. This ease of access is a core part of the bank’s strategy to provide world class banking services to the doorstep of every Nepali citizen.
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The strategic advantage of this initiative extends beyond individual convenience. For SuryaJyoti Life, the credit card program is a powerful tool for customer retention and brand differentiation. In a competitive insurance market, providing value added services like free credit instruments helps build a more holistic relationship with the policyholder. For NIC ASIA Bank, the partnership allows it to tap into a high quality customer base that is already engaged in long term financial planning. This synergy creates a win win situation where the insurer sees improved premium collection efficiency and the bank sees increased card usage and digital engagement.
Furthermore, the initiative promotes a disciplined approach to financial management. The credit card comes with a grace period for interest free repayments, typically ranging from 15 to 45 days, allowing users to manage their monthly budgets effectively. To further incentivize the use of digital channels, the bank and the insurer are expected to roll out various cashback offers and reward point programs specifically for insurance related transactions. This encourages users to move away from physical cash, which is often difficult to track and prone to loss, toward a transparent and digital record of their spending.
In conclusion, the SuryaJyoti Life credit card initiative, in collaboration with NIC ASIA Bank, represents a significant step forward in the evolution of bancassurance in Nepal. By providing a free, secure, and globally accepted credit instrument to policyholders and agents, the two organizations are setting a new benchmark for customer centric financial services. As the 2082 fiscal year progresses, this program is expected to significantly increase the volume of digital transactions within the insurance sector, contributing to a more resilient and modernized economy. Stakeholders are encouraged to take advantage of this limited time offer to enhance their financial flexibility while maintaining their essential life insurance coverage.
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