Your family's security,
planned right.

Asian Life Insurance ranks #1 — it paid out 98.85% of all claims filed in FY 2081/82, according to the Nepal Insurance Authority (NIA) audited annual report. Sun Nepal Life (#2, 98.71%) and Prabhu Mahalaxmi (#3, 98.33%) follow. Higher is better: it means the company actually delivers when your family needs it most. See the full 14-company ranking →

Term insurance is the most affordable option — it pays your family a lump sum if you die during the policy period, and premiums are low (~NPR 16,000–17,500/year for Rs. 50L cover). Endowment costs more but pays out whether you die or survive — you get your money back at maturity plus bonuses. If your main goal is protecting your family's income, term is usually the smarter starting point. Full policy types guide →

Yes. Under current rules, you can deduct the lower of your actual annual premium or NPR 40,000 from your taxable income. If you're in the 20% or 30% tax bracket, that's a saving of NPR 8,000–12,000 every year. All 14 Nepal Insurance Authority-licensed life insurers qualify for this benefit.

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

Your nominee (the person named in the policy) should visit the insurer's branch and submit: a claim form, a death certificate, the original policy document, and their own ID. The insurer must pay out within 30 days of receiving all documents — that is the law. If a claim is denied, escalate directly to the Nepal Insurance Authority (NIA).

Yes — every policy comes with a 15-day free cancellation window from the date you receive your policy document. Within those 15 days you can cancel for any reason and get a full refund, minus any medical exam fees already paid. After 15 days, cancelling early is treated as a surrender and you may receive less than you paid in. Know your full rights →

First, ask the insurer for a written rejection letter that explains the exact reason. Common causes: not disclosing a pre-existing health condition when you bought the policy, death by 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 has a dedicated Grievance Redressal Cell for exactly this. Full policyholder rights guide →

Yes. For endowment and whole-life plans, agents typically earn 25–35% of your first-year premium — on a Rs. 1 lakh premium, that is Rs. 25,000–35,000 in year one alone. This is why some agents steer you toward higher-premium products instead of cheaper term plans. Renewal commissions in later years drop to 5–7.5%. Full agent transparency guide →