LIC Nepal 🇳🇵 Limited

What LIC Nepal 🇳🇵 Limited does

LIC Nepal Limited (legal name: Life Insurance Corporation (Nepal) Ltd.) is a Kathmandu-based life insurance company established around 2000 as a subsidiary of Life Insurance Corporation of India (LIC India), operating under the regulation of Beema Samiti, the Nepal Insurance Authority. The company offers a comprehensive portfolio of life insurance products adapted from LIC India's product templates, including endowment plans (Endowment Plan, Jeevan Anand, Jeevan Labh, Jeevan Shree), money-back plans, term protection products (Amulya Jeevan, Bima Kiran, Jeevan Saathi), child plans (Baal Unnati), and a dedicated micro-insurance line (Jeevan Madhur, Term Micro Insurance, Endowment Micro Life Insurance Plan). Its product mix also includes numerous withdrawn legacy plans still serviced on the in-force book.

The company distributes through a multi-channel model: a nationwide network of 50+ branches and sub-branches covering all 7 provinces of Nepal, a large individual agency force, corporate agents, and digital self-service channels including a customer portal (iportal.licnepal.com.np), agent portal (online.licnepal.com.np), premium calculator, and a downloadable Android mobile agent app. Revenue is generated through recurring life insurance premiums payable yearly, half-yearly, quarterly, monthly, or as single premiums across products of varying duration. Customer segments are horizontal — individual life, micro-insurance, children's plans, pension/annuity seekers, and foreign employment policyholders — with no disclosed enterprise or B2B anchor contracts.

Financially, the company is privately held with no public stock listing, has a headcount of 51-100 employees, and does not publicly disclose revenue. Operational signals including right share issues, recent vacancy announcements (2026), active agent training, bonus rate declarations, and ongoing sub-branch additions across under-penetrated districts indicate a mature but actively expanding franchise operating in a small, under-penetrated life insurance market.

Name

LIC Nepal 🇳🇵 Limited

Legal name

Life Insurance Corporation (Nepal) Ltd.

Website

https://licnepal.com.np

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Life Insurance Corporation (Nepal) Ltd. is a Kathmandu-based life insurer and subsidiary of LIC India, offering endowment, money-back, term, child, and micro-insurance products distributed through 50+ branches across all 7 provinces of Nepal and a large agency force.

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 / UL Policy Riders & Add-ons (e.g., Waiver of Premium, Accidental Death, Child Term, LTC/Chronic Illness) (FSAIABAK)

Keywords

• Life insurance products
• Endowment and savings plans
• Micro-insurance policies
• Term insurance coverage
• Child insurance plans

Headquarters

HQ country

Nepal

HQ region

Asia

Offices24 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Life Insurance Premiums: Collection of premiums from various life insurance policies including endowment plans, money back plans, term insurance, and micro-insurance products. Premiums can be paid yearly, half-yearly, quarterly, monthly, or as single premium.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

LIC Nepal Limited sells individual life insurance products to retail consumers across Nepal, including endowment plans, money-back plans, term plans, micro-insurance products, child plans, and pension products. The company collects recurring premiums (yearly, half-yearly, quarterly, monthly, or single premium) and pays out death benefits, maturity benefits, and survival benefits. Distribution is through an extensive branch network across all seven provinces, individual agents, corporate agents, and online customer/agent portals.

Product overview

LIC Nepal offers a comprehensive portfolio of life insurance products across multiple categories: endowment and savings plans (including Endowment Plan, Money Back Plan, Jeevan Anand, Jeevan Labh, Jeevan Shree, Jeevan Bachat, New Jeevan Tarang, Jeevan Utsav), term and protection plans (Amulya Jeevan, Bima Kiran, Jeevan Saathi), micro-insurance products (Jeevan Madhur, Term Micro Insurance, Endowment Micro Life Insurance), and specialized child plans (Baal Unnati). The portfolio also includes numerous withdrawn products (Jeevan Astha, Jeevan Akshay, Jeevan Saral, Baal Samridhee, Baal Jeevan, Children's Endowment Plan, Jeevan Vidhya, and others) that are no longer available for new sales. The company operates through internal customer and agent portals for policy management, premium collection, and claims processing, supported by a network of branches and sub-branches across Nepal's provinces.

Differentiator

Problem solved

Functional benefit

Products and services

• Endowment Plan
• Money Back Plan
• Jeevan Anand
• Bima Kiran Plan
• Amulya Jeevan
• Jeevan Saathi
• Dhan Bristi
• Jeevan Shree
• Jeevan Bachat
• New Jeevan Tarang
• Jeevan Labh
• Baal Unnati
• Jeevan Utsav
• Term Micro Insurance
• Endowment Micro Life Insurance Plan
• Jeevan Madhur

Quantifiable outcome

• Multiple bonus declarations annually for with-profit policyholders
• +1 more outcomes

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Life Insurance Corporation of India (LIC India)coreStrategic or Co-development PartnerLIC Nepal is a subsidiary/franchise of Life Insurance Corporation of India, the largest life insurer in India. The website links to licindia.in and mentions 'LIC India Website' in navigation. Products are based on LIC India's proven insurance products adapted for Nepal market.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Nepal Life Insurance Company Limited: One of the oldest and largest life insurers in Nepal, offering endowment, term, endowment-cum-pension, and child plans through a similarly extensive branch and agent network. Directly comparable as a domestic Nepalese life insurance carrier targeting the same individual and family segments as LIC Nepal.
• National Life Insurance Company Limited: Nepalese life insurer with a comparable portfolio of endowment, whole life, and term plans distributed through branches and agents. Directly comparable to LIC Nepal in scale, product type, and go-to-market approach.
• Citizen Life Insurance Company Limited: Nepalese life insurer with endowment, money-back, and micro-insurance offerings distributed through agents and branches. Directly comparable to LIC Nepal in product mix and target customer profile.
• Prime Life Insurance Company Limited: Nepalese life insurer offering endowment, money-back, child, and pension plans via a branch and agent network. Closely comparable to LIC Nepal across product mix, customer base, and distribution mechanics.
• Asian Life Insurance Co. Ltd. Leading Nepalese life insurer offering endowment, money-back, term, and micro-insurance products through branches across Nepal. Directly comparable to LIC Nepal in product mix, distribution model, and target customer segments.
• Surya Life Insurance Company Limited: Nepalese life insurer offering a similar range of endowment, term, and child plans through agents and branches. Directly comparable as a domestic competitor in the Nepalese life insurance market.
• Reliance Life Insurance Limited (Nepal): Nepalese life insurance arm offering endowment, term, and savings products through branches and agents. Comparable to LIC Nepal as a domestic competitor with overlapping product lines and distribution model.
• Shikhar Life Insurance Company Limited: Nepalese life insurance carrier offering individual and group life products including endowment and term plans. Comparable to LIC Nepal as a domestic competitor targeting the same retail and micro-insurance segments in Nepal.

Broad incumbents

• Life Insurance Corporation of India (LIC India): LIC Nepal's parent company and the source of its product templates and brand. LIC India is by far the largest life insurer in India with a similar portfolio of endowment, money-back, term, and pension products; it is comparable as the originating product and operating model that LIC Nepal replicates for the Nepalese market.
• MetLife (global life insurance operations): Global life insurance incumbent with multinational operations and similar endowment and protection product lines. Comparable to LIC Nepal as a broader incumbent reference point for product design, distribution best practices, and brand-driven life insurance at scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lic-nepal-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 LIC Nepal 🇳🇵 Limited