Top Life Insurance Companies in Nepal 2022: The Essential Guide
How many life insurance companies are there in Nepal and how you can get the best life insurance policy for yourself? Everyone is always looking to protect the ones they love dearly and life insurance is one of the mechanisms that people have developed over time to secure a financially sound future for themselves and their families as well. While there are other types of insurance such as non-life insurance and reinsurance, life insurance is the one that people tend to refer to when people mention insurance.
Life Insurance in Nepal
Life insurance policies are perfect for investment as well as they also secure a financially sound future for you. Plus, they are a great help for your family in the unfortunate cases of accidents or premature deaths. If you are wondering what life insurance is, you should know that a life insurance policy is a contract between two parties, in which the insurance company gives financial protection to the policyholder in exchange for premium payments. Do you want a life insurance policy for yourself or your family? There are life insurance companies in Nepal that can hook you up with one. When talking about the top life insurance companies in terms of their paid-up capital, five major companies that stand out are
Similarly, when ranking these life insurance companies in terms of market capitalization, 10 life insurance companies that have the biggest market capitalization in the Nepalese Share market as of January 2022 are
Every insurance company has different insurance policies and every plan has its benefits along with its disadvantages as well. And we would always like a plan that comes with a whole lot of benefits. You might be thinking won’t it be tedious to compare plans from all the 19 insurance companies in Nepal. Is it even possible to choose on your own? Well what if we say that gone are the days when you need to go surf all the websites of insurance companies or even talk to multiple people and agents to know about insurance policies.
Insurance Companies can be ranked in multiple ways such as market capitalization, stock value, sales figures, number of policies provided, market recognition and so on. Not all insurance companies provide every kind of insurance facility. And only 19 of insurance companies are authorized to provide life insurance policy to the general public. Here is the list of insurance companies that are authorized to provide life insurance policy.
Among these life insurance companies from Nepal, we have listed top 10 insurance companies on the basis of Life insurance fund. Life insurance funds are considered to be one of the most important factors in the financial statement. This indicator provides an estimate on how much advance preparation an insurance company does for a crisis. The data mentioned are on the basis of fiscal year 2075/76.