Review Summary
Claim Ratio: 98.71% (#2)
Bonus Rate: Mid-High
Best For: Claim Reliability
Our Rating: 5/5 ⭐
Sun Nepal Life Insurance holds the second-highest claim settlement ratio among all 14 Nepal life insurers in FY 2081/82 — 98.71%, improving from 98.60% the previous year. A consistent performer at the very top of Nepal’s market, Sun Nepal Life ranks #2 of 14 and is moving in the right direction.
Quick Facts
| Detail | Information |
|---|---|
| Full name | Sun Nepal Life Insurance Company Limited |
| NEPSE symbol | SNLI |
| Type | Private — Nepali-owned |
| Regulator | Nepal Beema Pradhikaran (NIA) |
| Claim ratio FY 2081/82 | 98.71% — NIA Rank: #2 of 14 |
| Claim ratio FY 2080/81 | 98.60% (improving ▲) |
| Entry age | 0 – 65 years |
| Policy terms | 5 – 30 years |
| Riders | Accident, Disability |
Plans Available (FY 2081/82)
Endowment — Bhagya Shikhar
- Bonus rate: Rs. 38–70 per 1,000 SA/year
- Estimated annual premium (Rs. 25L, age 30, 20yr): ~NPR 123,400
- Loan & surrender: Yes
Term — Term Plan
- Estimated annual premium (Rs. 50L, age 28, 20yr): ~NPR 17,000
Whole Life — Whole Life Plan
Bonus: Rs. 40–75/1,000 SA/year.
ULIP — ULIP Plan
Market-linked returns.
Money Back — Money Back Plan
Bonus: Rs. 36–62/1,000 SA/year.
Who Should Choose Sun Nepal Life?
Choose Sun Nepal Life if:
- You want a top-2 claim ratio (98.71%) — the second-highest in Nepal
- You need entry up to age 65 or a 30-year policy term
- Mid-market premiums (~NPR 123,400/yr for endowment) suit your budget
Consider alternatives if:
- You want higher bonus — National Life (Rs. 63–85/1,000) and Nepal Life (Rs. 55–85/1,000) significantly outperform Sun Nepal’s Rs. 38–70/1,000
See how Sun Nepal Life compares on our Compare Plans tool.
If you are not sure which plan is best for you, check Find Your Life Insurance Plan
Data source: NIA Annual Report FY 2081/82. Plan names from NIA product registry (verified April 2026). Premiums are estimates. Claim ratios are amount-based (NPR Crore per NIA Schedules 14 & 15); per-company claim settlement counts are not separately published — only an industry-wide total is available. Full disclaimer →
