Find the Right
Life Insurance
for Nepal.

Asian Life Insurance (ALICL) ranks #1 with a 98.85% claim settlement ratio in FY 2081/82 (NIA Schedule 14 & 15). Sun Nepal Life (#2, 98.71%) and Prabhu Mahalaxmi (#3, 98.33%) follow. The claim ratio measures how much of each rupee of claims is actually paid — higher is better. See the full ranking →

Term insurance pays only if you die during the policy term — premiums are low (~NPR 16,000–17,500/year for Rs. 50L cover). Endowment insurance pays whether you die or survive — you get a lump sum at maturity plus annual bonuses, but premiums are much higher (~NPR 122,000–127,000/year for Rs. 25L). Choose term if maximum cover for minimum cost is the goal. Choose endowment if you want forced savings plus protection. Full comparison →

Yes. Under the Income Tax Act 2058, life insurance premiums qualify for a 15% tax rebate (Section 88) on premiums up to NPR 40,000/year paid to any NIA-licensed insurer. This means up to NPR 6,000 off your annual income tax bill. All 14 Nepal life insurers qualify. Full tax guide →

For endowment, Rastriya Jeevan Beema is cheapest (~NPR 122,100/year for Rs. 25L, 20yr). For term insurance, Rastriya Jeevan Beema is also cheapest (~NPR 16,100/year for Rs. 50L cover). Use our premium calculator to compare all 14 insurers for your specific age, sum assured, and term.

On the policyholder's death: the nominee must submit a claim form, death certificate, original policy document, and nominee ID to the insurer's branch within the deadline (usually 90 days). The insurer must settle within 30 days of receiving complete documents, per NIA regulations. If a claim is denied, escalate to Nepal Beema Pradhikaran (NIA) at nia.gov.np.