National Life Insurance Company

What National Life Insurance Company does

National Life Insurance Company Limited is a Kathmandu-headquartered, Nepalese life insurer incorporated in 1988 under the Nepal Company Act 1964 and the Insurance Act 1968, operating one of the country's older life insurance franchises. The company serves individual consumers seeking life protection, savings, retirement, and education funding, distributing a comprehensive multi-product portfolio spanning children's plans (Bal Amrit 4, Bal Bhagyodaya), endowment assurance plans, money-back plans, whole-life policies, term assurance plans, retirement/pension plans, and single-premium plans, with quoted premiums determined through underwriting based on age, health, sum assured, term, and payment frequency. Its core technology platform is iSolution, an online web-based centralized life insurance software developed by Darshantech Pvt. Ltd. that links branches across Nepal for policy administration, supplemented by a mobile application on iOS and Android and an integrated eSewa premium payment channel.

The company operates a multi-channel distribution model combining 50+ physical branch offices across Nepal, a direct individual agency force (5,280 active agents, 75,725 historically trained), and 28+ corporate agency partnerships with banks (Laxmi Bank, Prabhu Bank, NIC Asia Bank, Nirdhan Utthan Bank, Lumbini Bank) and microfinance institutions (Centre for Micro Finance, Chhimeki Bikash Bank). Revenue mechanics rest on recurring life-insurance premiums collected across yearly, half-yearly, quarterly, and monthly cadences, supplemented by returns on the Life Fund (Rs. 89 Billion) and actuarial surplus distributed as bonuses. Reinsurance capacity is provided by Hannover Re (Germany), Nepal Reinsurance Company, and Himalayan Reinsurance, supporting risk transfer and balance-sheet strength. The company is publicly listed on the Nepal Stock Exchange with approximately 24,517 public shareholders, paid-up capital of Rs. 5,691 million, and a mixed ownership of Nepalese promoters (45.43%), public shareholders (45%), Rastriya Banijya Bank (8.46%), and a foreign collaborator (1.11%).

Name

National Life Insurance Company

Legal name

National Life Insurance Company Limited

Website

https://nationallife.com.np

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

National Life Insurance Company Limited is a Kathmandu-based, Nepalese life insurer founded in 1988 that sells endowment, money-back, whole-life, term, pension, and single-premium policies to individual consumers through 50+ branches, a 5,000+ agent field force, and 28+ bank and microfinance corporate agency partnerships, with reinsurance support from Hannover Re.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113)

SIC

Life Insurance (6311)

akta.pro primary industry

Participating (Dividend) Whole Life Insurance (FSAIABAI)

akta.pro secondary industries

Level Term Life Insurance (FSAIAAAA), Whole Life Insurance (FSAIABAA)

Keywords

• Life insurance
• Endowment assurance
• Term assurance plans
• Money back plans
• Retirement pension plans

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices26 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Life Insurance Premiums: National Life Insurance Company collects life insurance premiums through various payment modes including yearly, half-yearly, quarterly, and monthly intervals. Revenue is generated from a diverse portfolio of life insurance products including endowment plans, term insurance, whole life plans, children's plans, money back plans, retirement/pension plans, and single premium plans. The company earns actuarial profits through premium collection, investment of policyholder funds, and bonus distributions to policyholders.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

National Life Insurance Company Limited underwrites and distributes individual life insurance products in Nepal across seven plan categories: Children's Plans, Endowment Assurance Plans, Money Back Plans, Whole Life Plans, Term Assurance Plans, Retirement/Pension and Annuity Plans, and Single Premium Plans. The company collects recurring, half-yearly, quarterly, or monthly premiums, invests policyholder funds in its Life Fund, and pays death, survival, maturity, money-back and annuity benefits plus bonuses to policyholders.

Product overview

National Life Insurance Company Limited is a Nepal-based life insurance company offering a comprehensive portfolio of individual life insurance products organized into seven main categories: Children's Plans (Bal Amrit 4), Endowment Assurance Plans (Traditional, Jeewan Shree Sabadhik, Jeevan Amrit, Dampati Amrit, Bachat Amrit, Sanjivani), Money Back Plans (Bal Bhagyodaya, Anticipated Endowment, Amrit Barsaha, Amrit Shree), Whole Life Plans (Traditional, Jeevan Amrit, Amrit Shree), Term Assurance Plans (Traditional, Saral Amrit, Baideshik Rojgar), Retirement Plans (Pension, Annuity), and Single Premium Plans (Yakal Sanjeevani, Yakal Sabadhik). The company also provides digital tools including an online Premium Calculator and mobile application for policyholder convenience. Products are regulated by Nepal Insurance Authority (NIA) with product codes and approval dates, and the company leverages reinsurance support from Hannover Re, Nepal Reinsurance, and Himalayan Reinsurance.

Differentiator

Problem solved

Functional benefit

Products and services

• Bal Amrit 4 Endowment Policy

Quantifiable outcome

• Insured over 1.5 million people in Nepal
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

Nine partnerships are on record, tiered core.

• Hannover RecoreStrategic or Co-development PartnerNational Life has reinsurance support from Hannover Re, Germany, one of the world's leading reinsurance companies. This partnership provides additional risk coverage capacity and financial strength backing for the company's insurance operations.
• Nepal Reinsurance Company LtdcoreStrategic or Co-development PartnerDomestic reinsurance partnership with Nepal Reinsurance Company Ltd for risk distribution within the Nepal insurance ecosystem.
• Himalayan Reinsurance LimitedcoreStrategic or Co-development PartnerDomestic reinsurance partnership with Himalayan Reinsurance Limited providing additional risk capacity and stability for insurance operations in Nepal.
• Laxmi Bank LimitedcoreChannel Partner/ Reseller/ DistributorCorporate agency partnership where Laxmi Bank distributes National Life Insurance products to its banking customers through its branch network across Nepal.
• Prabhu Bank LimitedcoreChannel Partner/ Reseller/ DistributorCorporate agency partnership where Prabhu Bank distributes National Life Insurance products to its customers through its branch network.
• Nirdhan Utthan Bank LimitedcoreChannel Partner/ Reseller/ DistributorPartnership with Nirdhan Utthan Bank for distribution of insurance products to microfinance customers, expanding reach to underserved populations.
• Centre for Micro Finance LimitedcoreChannel Partner/ Reseller/ DistributorCorporate agency partnership with Centre for Micro Finance Limited for insurance product distribution in microfinance sector.
• NIC Asia Bank LimitedcoreChannel Partner/ Reseller/ DistributorCorporate agency partnership with NIC Asia Bank for distribution of insurance products through bank branches.
• Darshantech Pvt. Ltd.coreTechnology or IntegrationTechnology partnership where Darshantech developed 'iSolution', the online web-based centralized life insurance software used by National Life Insurance across its branch network.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• MetLife: Broad incumbent — global life insurance leader with presence in many emerging Asian markets; comparable product set (term, whole life, retirement) and far broader geographic reach and capital base, illustrating the long-term ceiling on Nepalese-only operators.

Direct peers

• Nepal Life Insurance Company: Direct competitor — one of Nepal's oldest and largest life insurers offering a comparable multi-product life insurance portfolio (endowment, term, whole life, money back) to individual consumers across Nepal through a similar agent and branch distribution model.
• Asian Life Insurance Company: Direct competitor — Nepalese life insurer offering individual life, endowment, and savings-oriented products with nationwide branch and agency distribution; competes head-to-head with National Life in the same retail customer segments.
• Reliance Life Insurance Nepal: Direct competitor — Nepalese life insurer offering individual life, endowment, and savings products through agent and bank distribution channels.
• Sanima Life Insurance: Direct competitor — Nepalese life insurer offering individual life, endowment, money-back, and retirement products distributed through branches and agents across Nepal.
• Citizen Life Insurance: Direct competitor — Nepalese life insurer providing endowment, term, whole life, and savings-oriented plans through agent and bancassurance channels; comparable target market and product set.
• Mahalaxmi Life Insurance: Direct competitor — Nepalese life insurer offering individual life and savings-oriented products through agents and branches; comparable target customers and product categories.
• Life Insurance Corporation (LIC) Nepal: Direct competitor — Nepalese life insurer offering comparable endowment, term, and retirement products with branch and agent distribution; comparable scale and product breadth within Nepal.
• Prime Life Insurance Company: Direct competitor — Nepalese life insurer offering individual life and savings products via agents and branch network; competes for similar retail life insurance customers.
• Surya Jyoti Life Insurance: Direct competitor — Nepalese life insurer offering comparable endowment and term products with national distribution; competes directly in the same Nepal retail market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nationallifeinsuranceltd
• LinkedInlinkedin.com/company/national-life-insurance-co-ltd-

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Life Insurance Company