SuryaJyoti Life Insurance Company Limited

What SuryaJyoti Life Insurance Company Limited does

SuryaJyoti Life Insurance Company Limited is a Nepal-based life insurance company headquartered in Kathmandu that was formed in 2017 through the merger of Surya Life and Jyoti Life Insurance Co. Ltd. — the first merger in Nepal's life insurance industry. The company is licensed by the Nepal Insurance Authority, holds ISO 9001:2015 certification, and maintains reinsurance linkages with Nepal Re, Himalayan Re, and Hannover Re.

The company offers a 17-product portfolio organized into five categories: endowment plans (including whole-life and professional endowment variants), money-back plans, child plans, single and limited-payment plans, and term plans (including a dedicated foreign-employment term product). It also provides a critical illness rider and digital services including an e-Karja loan-against-policy facility (up to NPR 2 lakhs), a SuryaJyoti Cares card, a Dynamic QR payment system, and a mobile application supporting policy management and premium payments. The product portfolio is complemented by a public premium calculator and multiple integrated digital payment gateways (Khalti, eSewa, Fone Pay, Connect IPS, NIC Asia Bank, CellPay).

SuryaJyoti generates revenue through recurring life insurance premiums across its product portfolio. It operates a multi-channel distribution model combining a 108,279-agent sales force, 176 physical network points/branches across Nepal, and digital self-service channels. The company also disclosed a 25% investment in Sudurpashchim's first five-star hotel (Holiday Inn Dhangadhi) in March 2026, signaling initial diversification of its investment portfolio into hospitality.

Name

SuryaJyoti Life Insurance Company Limited

Legal name

SuryaJyoti Life Insurance Company Limited

Website

https://suryajyotilife.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SuryaJyoti Life Insurance is a Nepal-based life insurer offering endowment, money-back, child, term, and limited-payment plans to individuals, families, migrant workers, and groups through 108,279 agents and 176 branches across Nepal.

Ownership category

akta.pro rank

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Life Insurance Premiums: The company generates revenue through collection of insurance premiums from policyholders across various life insurance products including endowment plans, money back plans, child plans, term plans, and single & limited payment plans.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

SuryaJyoti Life Insurance Company Limited is a Nepal-based life insurer that sells a portfolio of individual and group life insurance products across endowment, money back, child, single/limited payment, and term plans, supplemented by rider benefits and digital services such as mobile app self-service, QR-based premium payments, policy loans (eKarja), and a member loyalty card (SuryaJyoti Cares). The company is the result of the first merger in Nepal's life insurance industry, combining Surya Life and Jyoti Life Insurance Co. Ltd.

Product overview

SuryaJyoti Life Insurance Company Limited is a life insurer in Nepal that offers a comprehensive portfolio of insurance products and digital services. The company provides multiple insurance product categories including Endowment Plans (SuryaJyoti Surakshit Bhawishya Jeevan Beema, SuryaJyoti Sawadhik Jeevan Beema, SuryaJyoti Samuhik Sawadhik Jeevan Beema, SuryaJyoti Professional Endowment Insurance Policy), Money Back Plans (SuryaJyoti Dhanbridhi Jeevan Beema, SuryaJyoti Chaurasi Puja Jeevan Beema, SuryaJyoti Dhan Laav Jeevan Beema, SuryaJyoti Sajeelo Bhuktani Jeevan Beema, SuryaJyoti Three 20 Dhan Bahar Jeevan Beema), Child Plans (SuryaJyoti Naulo Baal Jeevan Beema), Single & Limited Plans (SuryaJyoti Yekal-Simit Awadhi Bhuktani Jeevan Beema, SuryaJyoti Samunnati Jeevan Beema), Term Plans (SuryaJyoti Sahi Plan, SuryaJyoti Surakchya Kawach Myadi Jeevan Beema, SuryaJyoti Samuhik Myadi Jeevan Beema, SuryaJyoti Baideshik Rojgar Jeevan Beema), and Rider Benefits (Critical Illness Rider). The company also provides digital products including SuryaJyoti Dynamic QR, Loan Against Policy (eKarja), SuryaJyoti Cares Card, and Premium Calculator. SuryaJyoti was formed through the merger of Surya Life and Jyoti Life Insurance Co. Ltd, becoming one of the largest life insurers in Nepal in terms of Capital Base, Investment, Policyholders and Agents.

Differentiator

Problem solved

Functional benefit

Products and services

• SuryaJyoti Surakshit Bhawishya Jeevan Beema

Quantifiable outcome

• 3,677,062 issued policies demonstrating large customer base

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Hannover RecoreTechnology or IntegrationGlobal reinsurance partner providing risk transfer capacity and financial protection for SuryaJyoti's insurance portfolio.
• Nepal Re (NRIC)coreTechnology or IntegrationNational reinsurance company providing domestic reinsurance support and risk management services.
• Himalayan RecoreTechnology or IntegrationRegional reinsurance partner contributing to SuryaJyoti's reinsurance linkages and risk diversification.
• KhaltiminorChannel Partner/ Reseller/ DistributorDigital payment gateway partner enabling online premium payments for policyholders.
• eSewaminorChannel Partner/ Reseller/ DistributorDigital payment gateway partner enabling online premium payments for policyholders.
• Fone PayminorChannel Partner/ Reseller/ DistributorDigital payment gateway partner enabling QR-based premium payments.
• Connect IPSminorChannel Partner/ Reseller/ DistributorDigital payment system partner enabling bank-integrated premium payments.
• NIC Asia BankminorChannel Partner/ Reseller/ DistributorBanking partner for premium payment processing.
• CellPayminorChannel Partner/ Reseller/ DistributorMobile payment service partner for premium payments.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Life Insurance Corporation of India: India's state-owned life insurance giant and the parent of LIC Nepal. Serves as a benchmark and parent-affiliated competitor; relevant for cross-reading product design, underwriting, and South Asian scale dynamics affecting SuryaJyoti.

Direct peers

• Nepal Life Insurance Company Limited: One of the largest and longest-established life insurers in Nepal, offering endowment, term, and money-back plans through a comparable agent-led distribution model. Directly competes with SuryaJyoti in the same domestic customer segments.
• Prime Life Insurance Company Limited: Nepalese life insurer offering endowment, term, and group plans with a multi-channel distribution model. A direct peer in the same Nepalese life insurance competitive set.
• Asian Life Insurance Company Limited: Nepalese life insurer with a comparable product portfolio and agent-led distribution. Direct competitor to SuryaJyoti in Nepal's retail and group life insurance segments.
• National Life Insurance Company Limited (Nepal): Established Nepalese life insurer with a broad product portfolio and large agent network. Competes head-to-head with SuryaJyoti for individual and group life insurance customers across Nepal.
• MetLife Nepal (American Life Insurance Company): Nepalese subsidiary of global insurer MetLife, offering individual and group life and health products. Competes directly with SuryaJyoti in Nepal's urban and corporate insurance segments.
• Life Insurance Corporation (Nepal) Limited: Major Nepalese life insurer backed by India's Life Insurance Corporation, offering endowment, term, and group plans across Nepal. Directly competes with SuryaJyoti in both individual and group life insurance segments.
• Reliable Nepal Life Insurance Limited: Nepalese life insurer providing a similar mix of traditional endowment, term, and money-back products. Competes directly with SuryaJyoti in Nepal's retail life insurance market.
• Citizen Life Insurance Limited: Nepalese life insurer offering endowment, money-back, term, and child plans through a multi-channel distribution network. Direct competitor to SuryaJyoti for retail and group life insurance customers in Nepal.

Regional players

• HDFC Life Insurance Company Limited: Major Indian private life insurer with strong digital distribution and a broad product lineup. While operating in India rather than Nepal, it is a relevant regional comparable for product innovation, digital GTM, and unit-linked offerings that SuryaJyoti may eventually emulate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

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

Compliance1 record

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 SuryaJyoti Life Insurance Company Limited