Nepal Life Insurance’s ICRA Rating Upgraded to AA

ICRA Nepal has upgraded Nepal Life Insurance Company Limited’s issuer rating  from [ICRANP-IR] AA- to [ICRANP-IR] AA, citing improvements in its financial strength, solvency position and investment portfolio.

The company’s solvency ratio has increased to around 154% from 145%, remaining above the regulatory minimum of 130%. ICRA Nepal also noted the company’s strong market presence, operational capacity and management strength.

Nepal Life held around 27% of the life insurance market in FY 2025/26, collecting approximately Rs. 54 billion in insurance premiums. Its life insurance fund stood at around Rs. 273 billion, while total investments, including policy loans, reached approximately Rs. 285 billion.

The upgraded AA rating indicates a high degree of safety in meeting financial obligations on time, with very low credit risk.