Review Summary
Claim Ratio: 79.90% (#14)
Bonus Rate: Mid-Range
Best For: Remittance Workers
Our Rating: 3/5 ⭐
IME Life Insurance carries a significant advantage that sets it apart from most Nepali insurers: the backing of the IME Group — one of Nepal’s largest and most trusted financial conglomerates, with operations spanning remittance, banking, and financial services. For Nepali workers abroad, the combination of IME’s remittance network and IME Life’s insurance products creates a uniquely convenient ecosystem.
IME Life ranks #14 of 14 on claim settlement ratio — with an improving record.
Quick Facts
| Detail | Information |
|---|---|
| Full name | IME Life Insurance Company Limited |
| NEPSE symbol | ILI |
| Type | Private — Nepali-owned (IME Group) |
| Regulator | Nepal Beema Pradhikaran (NIA) |
| Claim ratio FY 2081/82 | 79.90% — NIA Rank: #14 of 14 |
| Claim ratio FY 2080/81 | 79.38% (improving ▲) |
| Entry age | 0 – 60 years |
| Policy terms | 5 – 25 years |
| Riders | Accident, Disability |
Plans Available (FY 2081/82)
Endowment — Endowment Plan
- Bonus rate: Rs. 40–70 per 1,000 SA/year
- Estimated annual premium (Rs. 25L, age 30, 20yr): ~NPR 123,100
- Loan & surrender: Yes
Term — Term Plan
- Estimated annual premium (Rs. 50L, age 28, 20yr): ~NPR 16,900
Whole Life — Whole Life Plan
Bonus: Rs. 42–72/1,000 SA/year.
ULIP — IME Growth Plus
Market-linked returns. The IME Group’s investment management experience may benefit ULIP performance, though returns are not guaranteed.
Money Back — Money Back Plan
Bonus: Rs. 36–62/1,000 SA/year.
The IME Remittance Connection
For Nepali workers abroad — particularly those who use IME for remittance — IME Life’s term plan offers a convenient single-brand solution. Purchasing life cover from the same group that handles your family’s remittances means one trusted relationship manages two of your family’s most important financial safety nets.
All 14 Nepal life insurers cover death outside Nepal as standard. IME Life’s connection to the IME network is an additional operational convenience, not a coverage advantage.
Policy Listing & Premium Estimates
| Plan Type | Plan Name | Baseline Sum Assured | Term | Bonus Rate | Estimated Annual Premium |
|---|---|---|---|---|---|
| Endowment | Endowment Plan | NPR 25 Lakh | 20 yrs | Rs. 40–70/1,000 | NPR 114,000 |
| Term | Term Plan | NPR 50 Lakh | 20 yrs | — | NPR 19,800 |
| Whole Life | Whole Life Plan | NPR 25 Lakh | 20 yrs | Rs. 42–72/1,000 | NPR 100,000 |
| ULIP | IME Growth Plus | NPR 25 Lakh | 20 yrs | Market-linked | NPR 84,700 |
| Money Back | Money Back Plan | NPR 25 Lakh | 20 yrs | Rs. 36–62/1,000 | NPR 123,200 |
Who Should Choose IME Life?
Choose IME Life if:
- You or your family already use IME Group services and want a single trusted relationship
- A 79.90% claim ratio with an improving trend is sufficient
- Mid-market premiums and mid-range bonus suit your needs
Consider alternatives if:
- You need entry above age 60 or a policy term longer than 25 years
- Maximising claim ratio or bonus is the priority
Compare IME 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 →
