Surya Life Insurance Company Ltd

What Surya Life Insurance Company Ltd does

SuryaJyoti Life Insurance Company Limited is a Kathmandu-headquartered, NIA-licensed public life insurer in Nepal, formed through the first-ever merger in the country's life insurance industry between Surya Life Insurance and Jyoti Life Insurance. It provides 17 insurance plans spanning endowment, money-back, child, term, single/limited-payment, group, and rider products, alongside specialized coverage for Nepali migrant workers employed abroad. Distribution runs through 108,279 licensed agents, 176 full-fledged branches across Nepal, and digital self-service channels including a mobile app, online application portal, Dynamic QR payments, premium calculator, and an e-Karja loan-against-policy facility.

The company's revenue model is built on recurring life-insurance premiums across individual and group policies, supplemented by investment income on reserves and transaction fees from the e-Karja loan service. Underwriting risk is ceded through treaty and facultative reinsurance partnerships with Nepal Re, Himalayan Re, and international reinsurer Hannover Re. The technology backbone is described as a core life-insurance underwriting and policy administration system with digital customer-service layers; no proprietary AI/ML capability is disclosed.

SuryaJyoti is ISO 9001:2015 certified, sits among Nepal's top-5 life insurers by capital base, investment, policyholder count (3,677,062 issued policies), and agent count, declared a 13% cash dividend in December 2025 alongside a new bonus rate of up to Rs. 90 per thousand sum assured, and most recently took a 25% equity stake in the Holiday Inn Dhangadhi hotel project as a balance-sheet deployment outside core underwriting.

Name

Surya Life Insurance Company Ltd

Legal name

SuryaJyoti Life Insurance Company Limited

Website

https://suryajyotilife.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SuryaJyoti Life Insurance is a Kathmandu-based, NIA-licensed public life insurer in Nepal formed via the first merger in Nepal's life insurance industry, offering 17 endowment, money-back, child, term, and group plans to retail and corporate customers nationwide.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113)

SIC

Life Insurance (6311)

akta.pro primary industry

Group Term Life Insurance (FSAIAAAJ)

akta.pro secondary industry

Basic Group Term Life (Employer-Paid) (FSAIADAA)

Keywords

• Life insurance products
• Endowment plans
• Money back plans
• Term life insurance
• Child insurance plans

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Life Insurance Premiums: Primary revenue from life insurance premiums collected from policyholders across various product lines including endowment, money back, child, term, and single/limited payment plans
2. Investment Income: Returns on invested premiums and reserve funds managed by the company
3. Loan Processing Fees: Fees from e-Karja loan against policy services

Pricing tiers

Distribution channels6 records

Marketing channels9 records

Core offering

SuryaJyoti Life Insurance Company Limited provides individual and group life insurance products across multiple categories including Endowment, Money Back, Child, Term, Single & Limited Payment, and Foreign Employment plans, alongside a Critical Illness Rider add-on. The company distributes policies through a 108,279-agent network, 176 branch offices, digital self-service platforms (mobile app, online portal, premium calculator), and partnered payment gateways across Nepal.

Product overview

SuryaJyoti Life Insurance Company Ltd is a public limited life insurer in Nepal, formed from the merger of Surya Life and Jyoti Life Insurance Co. Ltd. The company operates as a comprehensive life insurance provider offering 17 insurance plans across multiple categories: Endowment Plans (Surakshit Bhawishya Jeevan Beema, Sawadhik Jeevan Beema, Samuhik Sawadhik Jeevan Beema, Professional Endowment Insurance Policy), Money Back Plans (Dhanbridhi Jeevan Beema, Chaurasi Puja Jeevan Beema, Dhan Laav Jeevan Beema, Sajeelo Bhuktani Jeevan Beema, Three 20 Dhan Bahar Jeevan Beema), Child Plans (Naulo Baal Jeevan Beema), Single & Limited Plans (Yekal-Simit Awadhi Bhuktani, Samunnati Jeevan Beema), Term Plans (Sahi Plan, Surakchya Kawach, Samuhik Myadi, Baideshik Rojgar for foreign employment), and Rider Benefits (Critical Illness Rider). The company also provides digital products including Loan Against Policy (eKarja), Dynamic QR payments, and a mobile application for policy management. The company has 176 network points across Nepal and over 3.6 million issued policies.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 3,677,062 issued policies demonstrating large customer base
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered investment, core and support.

• Sudurpashchim First Five-Star Hotel (Holiday Inn Dharchula)investmentStrategic or Co-development Partner · 1 March 2026Investment partnership in Sudurpashchim's first five-star hotel project in Dhangadhi, Nepal. SuryaJyoti invested 25% in the project.
• Hannover RecoreStrategic or Co-development PartnerInternational reinsurance partner providing treaty and facultative reinsurance capacity to manage mortality and morbidity risks.
• Nepal Re (NRIC)coreStrategic or Co-development PartnerNational reinsurance company providing domestic reinsurance support and risk management services.
• Himalayan RecoreStrategic or Co-development PartnerReinsurance partner providing additional underwriting capacity and risk diversification.
• KhaltisupportChannel Partner/ Reseller/ DistributorDigital payment gateway partner enabling policyholders to pay premiums through Khalti app and website.
• eSewasupportChannel Partner/ Reseller/ DistributorDigital payment gateway partner for online premium collection services.
• FonePaysupportChannel Partner/ Reseller/ DistributorQR payment and digital banking partner for premium payment facilitation.
• Connect IPSsupportChannel Partner/ Reseller/ DistributorDigital banking payment service enabling premium payments through Connect IPS platform.
• NIC Asia BanksupportChannel Partner/ Reseller/ DistributorBanking partner for premium payment collection and financial transactions.
• Cell PaysupportChannel Partner/ Reseller/ DistributorMobile payment service partner for premium collection through CellPay platform.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• MetLife: Global life insurance and employee benefits carrier with broad product portfolios across Asia. Comparable in offering group life, endowment-style savings, and reinsurance-backed risk products in emerging markets.
• Prudential Life Insurance: International life insurer operating in South Asia with broad life, health, and savings products. Comparable in product breadth and emerging-market agency distribution model.
• Life Insurance Corporation of India (LIC): The dominant state-owned life insurer in India, offering endowment, term, money-back, and pension plans at massive scale. Comparable product architecture and distribution model; serves as a regional benchmark for South Asian life insurance.

Direct peers

• Asian Life Insurance Company Limited: Nepali life insurer offering endowment, money-back, term, and group policies through an agency-led model. Comparable in scale and product mix, competing head-to-head for retail and corporate customers in Nepal.
• Nepal Life Insurance Company Limited: The largest life insurer in Nepal by premium income and policy base. Directly comparable to SuryaJyoti as a domestic life insurance carrier competing in endowment, term, and group products across Nepal.
• IME Life Insurance Company Limited: Nepali life insurer leveraging the IME Group ecosystem (remittances, digital wallets) to distribute life policies. Comparable customer segments including foreign-employment workers.
• Prabhu Life Insurance Limited: Domestic Nepali life insurer offering endowment, term, and group plans. Comparable in regulatory environment, customer base, and product structure.
• Reliable Nepal Life Insurance Limited: Nepali life insurance company offering individual and group life products with similar agency-based distribution. Operates in the same regulatory and economic environment as SuryaJyoti.
• Citizen Life Insurance Company Limited: Nepal-based life insurer providing individual and group life products with a similar agency-driven distribution strategy. Direct competitor in the same regulated Nepali market.

Regional players

• HDFC Life Insurance: Indian life insurer with bancassurance-led and agency distribution. Comparable product mix across protection, savings, and retirement, with similar emerging-market customer demographics across South Asia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/share/v/1797FrkTN1
• LinkedInlinkedin.com/company/suryajyoti-life-insurance-company-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Surya Life Insurance Company Ltd