Insurance companies in Nepal are regulated by Nepal Beema Pradhikaran (Nepal Insurance Authority), As of November 2023, a total of 35 insurance companies are offering Life, Non-Life (General), Micro, and Re-insurance services.
1) Nepal Life Insurance Co. Ltd. (NLIC)
Nepal Life was established under the Company Act 2053 and Insurance Act 2049 as a public limited company on 2058/01/21 (04/05/2001). Nepal Life is the foremost life insurance company established by private investors. The company’s promoters are a group of well-known businessmen and business houses in Nepal. In more than two decades of operation, the Company has established an excellent business record and has a strong financial position.
- Ownership Structure Promoter Shares 51% Public Shares 49%
- Listed shares 90,287,632 Units
- Market Price Per Share Rs. 764
2) National Life Insurance Co. Ltd. (NLICL)
National Life Insurance Company Limited was incorporated in 1988 A.D. under the Nepal Company Act 1964 and the Insurance Act 1968 of Nepal with the prime objective to meet the growing insurance requirements of the country. For more than three decades, National Life has built a reputation as a company that believes in the highest level of customer service.
- Ownership Structure Promoter Shares 65% Public Shares 35%
- Listed shares 52,121,333.00 Units
- Market Price Per Share Rs. 601.2
3) Life Insurance Corporation (Nepal) Limited (LICN)
Life Insurance Corporation Nepal Limited is one of the largest capitalized insurance companies in Nepal. The journey of L.I.C. Nepal had its genesis in 2000 when global insurance behemoth, Life Insurance Corporation of India, joined hands with Vishal Group, a dominant player in Nepal. This way the essence of L.I.C. Nepal can best be described by the word “Glocal” i.e. a unique combination of global experience with local expertise. Life Insurance Corporation (Nepal) Limited having Registration No. 765-057/58, was incorporated under the Companies Act, 2053, on 27.12.2000. It got the life insurance license from the Insurance Board of Nepal (Beema Samiti) on 07.08.2001 and started operations on 01.09.2001.
- Ownership Structure Promoter Shares 70% Public Shares 30%
- Listed shares 50,000,000.00 Units
- Market Price Per Share Rs.1090.1
4) Citizen Life Insurance Company Limited ( CLI )
Citizen Life is one of the fastest-growing life insurance companies in Nepal. It started its operations on October 19, 2017 (Kartik 02, 2074) after Nepal Beema Pradhikaran, the Insurance Regulatory Authority of Nepal, awarded it the operation license on August 23, 2017 (Bhadra 07, 2074). Currently, Citizen Life is serving its clients through 140 branches/sub-branches in different parts of the country. Its service network is strong and diversified to distribute an extensive range of products. Complying with regulatory laws, Citizen Life has a reinsurance arrangement with Nepal Reinsurance Co. Ltd. as well as Consulting Actuary based overseas. Citizen Life focuses on implementing the international global practices of successful companies in the local market as per the local needs, based on the concept of globalization.
- Ownership Structure Promoter Shares 70% Public Shares 30%
- Listed shares 39,375,000.00 Units
- Market Price Per Share Rs.736
5) Sun Nepal Life Insurance Company Limited (SNLI)
Established in 2017, Sun Nepal Life Insurance Company Limited (SNLIC) has emerged as a remarkable and impactful player in the Nepali insurance industry by providing innovative products and gaining a solid financial position. The promoters of the Company are renowned business persons and business houses. We are backed by a team of experienced professionals with deep expertise in the insurance and financial sectors.
- Ownership Structure Promoter Shares 70% Public Shares 30%
- Listed shares 39,616,000.00 Units
- Market Price Per Share Rs.652
**Investments in the securities market are subject to market risks, read all the related documents including the company’s fundamentals carefully before investing. These stocks have been shortlisted as per Analyst ratings provided by the I/B/E/S (The Institutional Broker’s Estimate System) database, further aggregated by Refinitiv. Ratings are determined by analysts’ forecasts of company performance, taking into account metrics like earnings per share, sales, and net income.
