SuryaJyoti Life Insurance was formed by the merger of Surya Life and Jyoti Life. On our derived measure it settles 97.50% of claim value (#6 of 14) for FY 2081/82 – a top-six record, though down from the prior year. This review covers what it actually sells, how it pays, and who it suits.
Quick Facts
| Detail | Information |
|---|---|
| Full name | SuryaJyoti Life Insurance Company Limited |
| NEPSE symbol | SJLIC |
| Type | Private, Nepali-owned (merger of Surya Life + Jyoti Life) |
| Regulator | Nepal Beema Pradhikaran (NIA) |
| Market share (premium) | 6.17% |
| Life fund | NPR 42.31 arba |
| Claim ratio FY 2081/82 (derived) | 97.50% (rank #6 of 14) |
| Claim ratio FY 2080/81 (derived) | 98.73% (declining) |
| Total claims paid FY 2081/82 | NPR 3.70 billion (Rs. 369.67 crore) |
| Entry age | 18 – 60 years (adult plans) |
| Policy terms | 5 – 25 years |
Claim Settlement Ratio: Top-Six, but Down This Year
An honest note on the number first. The NIA does not publish a per-company “claim settlement ratio.” It publishes claims paid and claims outstanding for each insurer, and the 97.50% here is a ratio we derive from those (claims paid divided by claims paid plus outstanding). It is amount-based and excludes rejected claims.
SuryaJyoti remains a top-six payer, but its derived ratio slipped from 98.73% to 97.50% this year. In FY 2081/82 it paid Rs. 369.67 crore (about NPR 3.70 billion) in claims, with a somewhat larger outstanding balance at year-end than the year before – which is what trimmed the ratio. A 97.5% result is still strong, but the one-year dip is worth noting, and it is fair to ask about settlement timelines before you commit.
Plans Available (FY 2081/82)
Endowment: SuryaJyoti Sawadhik (flagship)
SuryaJyoti’s savings-plus-protection plans are its “Sawadhik” (endowment) range, including limited-payment options (Simit Awadhi Bhuktani). They pay the sum assured plus accumulated bonus at maturity, or the full sum assured to your nominee on death during the term. See the full list on SuryaJyoti’s own site.
- Endowment bonus (FY 2081/82): Rs. 40 to Rs. 75 per 1,000 sum assured per year
- Riders available: Accident, Critical Illness, Disability
- Policy loan: Yes, after 3 years | Surrender: Yes
Term: Surakchya Kawach (flagship)
Pure life protection (Surakchya Kawach Myadi Jeevan Bima) – the highest cover for the lowest premium. SuryaJyoti also offers the Sahi Plan, a group term plan, and a foreign-employment term plan.
Money Back: DhanBridhi (flagship)
An anticipated / money-back plan (DhanBridhi, with advance payment) that returns part of the sum assured at intervals during the term. SuryaJyoti runs several such plans, including Chaurasi Puja, Dhan Laav, and Sajilo Bhuktani.
Don't buy based on reviews alone. Compare claim ratios and IRR instantly.
Compare All PlansWhole Life: Surakshit Bhawishya (Endowment cum Whole Life)
SuryaJyoti’s Surakshit Bhawishya Jeevan Beema is an endowment-cum-whole-life plan – it combines a maturity benefit with lifelong protection that continues after the savings term ends. Confirm the current bonus and exact terms for this specific plan with the company before buying.
A Note on Bonus Rates
SuryaJyoti’s declared endowment bonus for FY 2081/82 is Rs. 40 to Rs. 75 per 1,000 sum assured (dual-sourced from Beemapost and Insurance Khabar), and its money-back plans carry an advance-payment bonus around Rs. 42 to Rs. 60 – a competitive set of ranges. Always confirm the bonus for the specific plan and term you are buying. To weigh insurers side by side, see our comparison of all 14 companies.
Who Should Choose SuryaJyoti Life?
Choose SuryaJyoti if:
- You want a top-six claim record (97.50%) with a competitive endowment bonus (up to Rs. 75)
- You want a Critical Illness rider alongside accident and disability cover
- You want endowment, term, or money-back cover (its core strengths)
Consider alternatives if:
- You want entry above age 60 or a policy term beyond 25 years – SuryaJyoti’s adult plans cap at age 60 and 25-year terms
- Claim settlement is your single priority – Asian Life (98.85%) and Sun Nepal (98.71%) rank higher, and SuryaJyoti’s ratio dipped this year
See Your Own Numbers
Premiums depend on your age, sum assured, and term, so a single sample figure can mislead. Use the Premium Calculator to compare SuryaJyoti’s estimated premium against all 13 other insurers for your exact inputs.
Data source: NIA Annual Report FY 2081/82 (Schedules 14 and 15) for financials and claim amounts; plan names from SuryaJyoti’s own website; bonus rates from Beemapost and Insurance Khabar. The claim “ratio” is our amount-based derivation (claims paid over paid plus outstanding, in NPR crore); the NIA does not publish a per-company settlement ratio. Any premium shown by our calculator is an estimate, not a quote. Full disclaimer.