IME Life Insurance

What IME Life Insurance does

IME Life Insurance Co. Ltd. is a Nepal-domiciled, NEPSE-listed life insurer incorporated in August 2017 and headquartered at Hathway Complex, Lainchaur, Kathmandu. The company underwrites individual life and savings products organized across six product lines — endowment (Saral Sawadhik and Sabal Jeevan Beema), child endowment (Bal Ujjwal), anticipated/money-back (Dhanbardhan, Dhanbriksha, Dhan Sarita Plus), child anticipated (Bal Kiran, Bal Umanga), whole-life (Aajeevan, Kalpadhan), and term life (Micro Term, Best Term, Credit Term, Surakshya Myadi) — plus specialized foreign-employment policies for Nepali migrant workers. Three Dhan Sarita bonus-rate variants are formally discontinued.

The company operates a multi-channel distribution model built on three pillars: a 27,000+ certified agent force, a bancassurance network of ten-plus bank partnerships (NIBL, Prabhu, NIC Asia, Global IME Bank, Century, Muktinath Bikas, Janata, Nepal Bangladesh, Kumari, Mahalaxmi Development Bank), and a 140+ branch footprint reaching all seven provinces of Nepal, supplemented by self-service digital channels — a mobile app (Android/iOS), an online policy purchase portal, online KYC, an e-Loan service, a premium calculator, a transparency dashboard, and a chatbot (originally IME Sath Bot, rebranded IME LIFE Direct). Technology is treated as a service-delivery layer rather than a core product, with no proprietary AI/ML systems disclosed.

Revenue is generated primarily from recurring life-insurance premiums (endowment, money-back, whole-life, term, and foreign-employment) and investment income on premium pools, with no publicly disclosed premium pricing — rates are age, sum-assured, term, and rider-dependent. Promoters IME Group and Global IME Bank anchor the equity base; post-IPO (NPR 600 million in June 2021) and the 2022 100% promoter capital addition, paid-up capital stands at NPR 5 billion against NPR 3 billion authorized, with CARE Nepal rating the IPO at Triple B. Claim-settlement, CSR (health camps, cataract surgeries, education support) and insurance-literacy campaigns across all provinces round out the operating profile.

Name

IME Life Insurance

Legal name

IME Life Insurance Co. Ltd.

Website

https://imelifeinsurance.com

Company type

Private

Founded year

2017

Operating status

Operating

Short description

IME Life Insurance is a Nepal-listed life insurer offering endowment, money-back, whole-life, child, term, and foreign-employment products to individual Nepali policyholders through a 27,000+ agent force, ten-plus bank bancassurance tie-ups, 140-plus branches, and digital self-service channels.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Life Insurance (6311)

akta.pro primary industry

Participating (Dividend) Whole Life Insurance (FSAIABAI)

akta.pro secondary industries

Whole Life Insurance (FSAIABAA), Level Term Life Insurance (FSAIAAAA), Final Expense / Burial Life Insurance (FSAIABAF)

Keywords

• Life insurance
• Endowment plans
• Money back plans
• Term life insurance
• Foreign employment insurance

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure

Revenue model

1. Life Insurance Premiums: Core revenue from life insurance products including endowment plans, money back plans, whole life plans, term life, and foreign employment insurance. Premiums are collected through agents, bancassurance partners, and digital channels with recurring payment structures.
2. Investment Income: Returns from investment of premium pools and reserves, affected by interest rate environment as noted in sector profit decline reports.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

Core offering

IME Life Insurance sells individual life insurance products to consumers in Nepal, including endowment plans, child endowment plans, money back/anticipated plans, whole life plans, term life insurance, foreign employment insurance, and credit life insurance. The company also offers digital self-service tools such as a premium calculator, online policy purchase, online KYC, e-Loan services, and a chatbot for customer support.

Product overview

IME Life Insurance offers a comprehensive portfolio of life insurance products organized across six main categories: ENDOWMENT plans (including Simple Endowment and Limited Payment Endowment), CHILD ENDOWMENT plans (IME Bal Ujjwal), ANTICIPATED/MONEY BACK plans (Dhanbardhan, Dhanbriksha, Dhan Sarita Plus), CHILD ANTICIPATED plans (Bal Kiran, Bal Umanga), WHOLE LIFE plans (Aajeevan Sawadhik and Kalpadhan), TERM LIFE plans (Micro Term, Individual Term, Credit Term, Surakshya Myadi), and FOREIGN EMPLOYMENT insurance. The company also provides digital services including a premium calculator, mobile app (IME LIFE), online policy purchase, e-Loan services, and chatbot assistance. Products range from savings-oriented endowment plans to protection-focused term insurance, with several discontinued products (Dhan Sarita variants at different interest rates).

Differentiator

Problem solved

Functional benefit

Products and services

• IME Simple Endowment Plan (IME Saral Sawadhik Bima Yojana) Traditional endowment plan providing life coverage with savings component, paying sum assured plus bonuses on maturity or to beneficiaries on death.
• IME Limited Payment Endowment Plan (IME Sabal Jeevan Beema Yojana) Limited payment endowment plan where premiums are paid for a limited period while coverage continues for the full policy term.
• IME Child Endowment Plan (IME Bal Ujjwal) Child-focused endowment plan designed to secure the financial future of children with maturity benefits.
• IME Dhanbardhan Money Back Plan Money back plan providing recurring payments during the policy term with survival benefits.
• IME Limited Payment Money Back Plan (Dhanbriksha Jeewan Beema Yojana) Limited payment money back plan with combined endowment and money back features.
• IME Dhan Sarita Plus Jeevan Beema Yojana Enhanced money back plan with additional benefits and higher return rates.
• IME Child Annual Money Back Plan (IME Bal Kiran) Annual money back plan specifically designed for children's future financial needs.
• IME Child Money Back Plan (IME Bal Umanga) Money back plan for children covering marriage, education, and other developmental needs.
• IME Endowment cum Whole Life Plan (IME Aajeevan Sawadhik Beema Yojana) Combined endowment and whole life plan providing coverage for entire lifetime with maturity benefits.
• IME Money Back Cum Whole Life Plan (IME Kalpadhan) Money back combined with whole life coverage providing partial payments throughout the policy term.
• Foreign Employment Insurance Life insurance coverage for individuals going abroad for employment purposes, including FE Policy Individual and FE Policy Manpower variants.
• Micro Term (One Year) Short-term one-year term insurance coverage for immediate protection needs.
• IME Best Term (Individual Term) Individual term insurance plan with flexible coverage options for personal protection.
• Credit Term Term life insurance designed for loan/credit coverage purposes.
• Surakshya Myadi Special term insurance product with unique coverage features.

Quantifiable outcome

• 1 crore claim settlement completed for COVID-19 death case within policy terms
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

23 partnerships are on record, tiered minor and core.

• Samata Education FoundationminorOthers · 25 June 2026CSR donation of Rs 5 lakh to support education sector development and social transformation.
• Matrika Eye CenterminorOthers · 1 June 2026CSR partnership providing Rs 6 lakh for free cataract surgeries for 100 economically disadvantaged patients in Janakpur.
• Fellowship Society NepalminorOthers · 1 June 2026CSR donation of Rs 5 lakh to support education of blind students including Braille paper, slate, stylus, and computer equipment.
• Balakshya Development and CareminorOthers · 1 June 2026CSR partnership supporting treatment and rehabilitation services for children with neurodevelopmental disorders.
• Nepal Cancer HospitalminorOthers · 13 April 2026MoU for special discounts (up to 10%) on treatment services at Nepal Cancer Hospital for insured customers, agents, and employees of IME Life Insurance.
• Nepal International Health Services (NHIS)minorOthers · 22 March 2026Corporate cooperation MoU to provide coordinated, quality, and accessible services bridging life insurance and healthcare sectors.
• Aama HospitalminorOthers · 20 June 2025MoU providing up to 50% discount (50% on cabin bed, 30% on general bed, 20% on other services) plus free ambulance service at Aama Hospital.
• Mediciti HospitalminorOthers · 12 June 2025MoU providing 10% discount on treatment services and special rates on health checkup packages at Mediciti Hospital.
• Meditech International Hospital and Research Center, ButwalminorOthers · 10 June 2025MoU providing 10% to 25% discount on treatment services at Meditech International Hospital, Butwal.
• iLa Hotel & ResortminorOthers · 6 June 2025MoU providing 15% discount on hotel services at iLa Hotel & Resort properties for insured customers, agents, and employees.
• Kathmandu Technical School (KTS)minorOthers · 22 May 2025MoU providing 20% to 50% discount on vocational training programs (caregiver, cookery, housekeeping, bartending) and free accident insurance coverage for trainees during training period.
• Hams HospitalminorOthers · 11 May 2025MoU providing 10% discount on treatment services and 5% discount on medicines at Hams Hospital for insured customers, agents, and employees.
• Nepal Red Cross SocietyminorOthers · 5 August 2022Blood donation program partnership across 7 provinces during 5th anniversary celebrations with technical support from Nepal Red Cross Society.
• Mahalaxmi Development BankminorChannel Partner/ Reseller/ Distributor · 7 January 2019Bancassurance agreement with Mahalaxmi Development Bank for life insurance product sales.
• NIC Asia Bank LimitedcoreChannel Partner/ Reseller/ Distributor · 11 December 2018Bancassurance partnership signed with NIC Asia Bank for distribution of life insurance products.
• Prabhu Bank LimitedcoreChannel Partner/ Reseller/ Distributor · 29 November 2018Bancassurance partnership for selling life insurance products through Prabhu Bank branches across Nepal.
• Nepal Investment Bank (NIBL)coreChannel Partner/ Reseller/ Distributor · 25 November 2018Bancassurance agreement signed between IME Life Insurance and NIBL for distribution of life insurance products through NIBL bank branches. General public and bank customers can now purchase IME Life insurance policies from any NIBL branch.
• Kumari Bank LimitedcoreChannel Partner/ Reseller/ Distributor · 9 October 2018Bancassurance partnership with Kumari Bank for insurance product distribution.
• Global IME Bank LimitedcoreChannel Partner/ Reseller/ Distributor · 16 August 2018Bancassurance partnership with Global IME Bank (parent group) for insurance distribution.
• Nepal Bangladesh BankminorChannel Partner/ Reseller/ Distributor · 8 August 2018Bancassurance partnership with Nepal Bangladesh Bank.
• Muktinath Bikas Bank LimitedcoreChannel Partner/ Reseller/ Distributor · 4 June 2018Bancassurance partnership with Muktinath Bikas Bank for life insurance product distribution.
• Century Bank LimitedcoreChannel Partner/ Reseller/ Distributor · 26 April 2018Bancassurance agreement with Century Bank for insurance distribution through bank channels.
• Janata Bank LimitedcoreChannel Partner/ Reseller/ Distributor · 6 February 2018Bancassurance partnership with Janata Bank for insurance distribution.

Scale indicators11 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• MetLife: Global life insurance incumbent with significant emerging-market operations across Asia. Comparable in product mix (endowment, term, group life) and agent/bancassurance distribution; relevant as a strategic benchmark for scaling digital and agency channels simultaneously.
• AIA Group: Pan-Asian life insurance leader with extensive emerging-market presence including multiple bancassurance and agency distribution models. Comparable life insurance product philosophy and bancassurance strategy, though vastly larger scale; useful for benchmarking regional best practices.

Direct peers

• National Life Insurance Company (Nepal): One of Nepal's longest-standing life insurers, distributing traditional endowment, term, and money-back products via branch and agent networks. Comparable product mix, distribution model, and customer base to IME Life, with stronger brand recognition from longer operating history.
• Nepal Life Insurance Company: The largest and oldest life insurer in Nepal, offering endowment, whole life, term, and money-back plans through a nationwide branch and agent network. Directly comparable product portfolio and target customer base, with deeper historical in-force reserves giving it incumbency advantages in the same market IME Life targets.
• Surya Jyoti Life Insurance: Nepal life insurer with a comparable mix of endowment, money-back, and term products, distributing primarily through agents and bank partnerships. Direct competitor within Nepal's mid-tier life insurance segment with overlapping branch and customer targets.
• LIC Nepal (Life Insurance Corporation Nepal): Nepal life insurer affiliated with India's Life Insurance Corporation, offering a broad portfolio of endowment, money-back, term, and pension products. Comparable product breadth and target customer, with a stronger brand halo from the LIC parent compared to IME Life.
• Asian Life Insurance Company: Nepal-licensed life insurer offering endowment, whole life, and term products through agent and bancassurance channels. Directly comparable scale, product mix, and customer segment as a fellow mid-tier Nepal life insurer competing for the same mass-market customer.
• Citizens Life Insurance Company (Nepal): Nepal-licensed life insurer selling traditional and protection-oriented life products through agents and branches. Comparable in scale and product mix to IME Life, serving the same Nepalese mass-market and middle-class customer base.
• Reliance Life Insurance (Nepal): Nepal-domiciled life insurer offering endowment, whole life, and term products via agent and bank channels. Directly comparable as a Nepal-only private life insurer competing for the same customer pool and bancassurance partners.
• Prime Life Insurance Company (Nepal): Nepal-based life insurer offering endowment, whole life, and term products. Direct comparable as another Nepal-only private life insurer with similar agent-led distribution and mass-market positioning competing for the same agent and customer pool.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@imelifeinsurance7033
• Facebookfacebook.com/imelife
• LinkedInlinkedin.com/company/imelife
• Instagraminstagram.com/imelifeinsurance/?igshid=YmMyMTA2M2Y%3D

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 IME Life Insurance