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Asian Life Insurance ranks #1 — it paid 98.85% of all claims filed in the FY 2081/82 Audited Annual Report. Sun Nepal Life (#2, 98.71%) and Prabhu Mahalaxmi (#3, 98.33%) follow. Higher is more trustworthy as it indicates administrative efficiency and willingness to honor contracts. See the full 14-company 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 higher. Committing to a 20+ year term in endowment is the best way to harvest bonus rates of Rs. 60–82 per thousand. Full policy types guide →

Yes. Under current fiscal policy, you can deduct the lower of your actual premium or NPR 40,000 from your taxable income. For those in the 20% or 30% tax brackets, this translates to an immediate annual tax saving of NPR 8,000 to NPR 12,000. All 14 NIA-licensed life insurers qualify for this benefit.

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.

Every NIA-regulated policy includes a 15-day free-look period from the date you receive your policy document. During this window you can cancel for any reason and receive a full premium refund, minus any medical examination fees already paid. After 15 days, cancellation is treated as a surrender and the surrender value formula applies. Know your full rights →

First, request a written rejection letter stating the exact grounds. Common rejections involve non-disclosure of pre-existing conditions, suicide within the first year, or missing documents. If you believe the rejection is wrong, file a formal complaint with the Nepal Insurance Authority (NIA) — it operates a Grievance Redressal Cell and can direct the insurer to re-examine the claim. Full policyholder rights guide →

First-year commission for endowment and whole-life plans is typically 25–35% of the annual premium — on a Rs. 1 lakh premium, the agent earns Rs. 25,000–35,000 in year one. Renewal commissions in subsequent years are 5–7.5%. This is why some agents push higher-premium products over cheaper term plans, even when term insurance better suits the client. Full agent transparency guide →