Review Summary
Claim Ratio: 97.50% (#6)
Bonus Rate: Mid-Range
Best For: Stable Endowments
Our Rating: 4/5 ⭐
SuryaJyoti Life Insurance was formed from the merger of Surya Life Insurance and Jyoti Life Insurance — two established insurers that NIA required to consolidate. The merged entity holds a 97.50% claim ratio, placing it #6 among Nepal’s 14 life insurers, while offering one of the more affordable endowment premiums in the market.
Quick Facts
| Detail | Information |
|---|---|
| Full name | SuryaJyoti Life Insurance Company Limited |
| NEPSE symbol | SJLIC |
| Type | Private/Merged — Nepali-owned |
| Regulator | Nepal Beema Pradhikaran (NIA) |
| Claim ratio FY 2081/82 | 97.50% — NIA Rank: #6 of 14 |
| Claim ratio FY 2080/81 | 98.73% (declining ▼) |
| Entry age | 1 – 60 years |
| Policy terms | 5 – 25 years |
| Riders | Accident, Disability |
Plans Available (FY 2081/82)
Endowment — Sahi Plan
- Bonus rate: Rs. 45–72 per 1,000 SA/year
- Estimated annual premium (Rs. 25L, age 30, 20yr): ~NPR 122,900
- Loan & surrender: Yes
Term — My Choice
- Estimated annual premium (Rs. 50L, age 28, 20yr): ~NPR 16,800
Whole Life — Whole Life Plan
Bonus: Rs. 50–75/1,000 SA/year.
ULIP — ULIP Plan
Market-linked returns.
Money Back — Money Back Plan
Bonus: Rs. 38–62/1,000 SA/year.
Policy Listing & Premium Estimates
| Plan Type | Plan Name | Baseline Sum Assured | Term | Bonus Rate | Estimated Annual Premium |
|---|---|---|---|---|---|
| Endowment | Sahi Plan | NPR 25 Lakh | 20 yrs | Rs. 45–72/1,000 | NPR 113,800 |
| Term | My Choice | NPR 50 Lakh | 20 yrs | — | NPR 19,700 |
| Whole Life | Whole Life Plan | NPR 25 Lakh | 20 yrs | Rs. 50–75/1,000 | NPR 99,700 |
| ULIP | ULIP Plan | NPR 25 Lakh | 20 yrs | Market-linked | NPR 84,500 |
| Money Back | Money Back Plan | NPR 25 Lakh | 20 yrs | Rs. 38–62/1,000 | NPR 122,600 |
Who Should Choose SuryaJyoti Life?
Choose SuryaJyoti Life if:
- You want a competitively priced endowment (~NPR 122,900/yr) with a stable post-merger track record
- A top-6 claim ratio (97.50%) meets your confidence level
- A mid-range bonus (Rs. 45–72/1,000) suits your expectations
Consider alternatives if:
- You need entry above age 60, or a policy term beyond 25 years
- You want higher bonus accumulation
- You want Critical Illness rider coverage
Compare SuryaJyoti Life on our Compare Plans tool.
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 →
