Nepal Life Insurance’s ICRA Rating Upgraded to AA
Summary
ICRA Nepal has upgraded Nepal Life Insurance Company Limited’s issuer rating from AA- to AA after noting stronger financial strength, solvency and investment performance. The insurer holds around 27% of Nepal’s life insurance market and collected about Rs. 54 billion in premiums in FY 2025/26.
Key Points
- ICRA Nepal raised Nepal Life Insurance Company Limited’s issuer rating from [ICRANP-IR] AA- to [ICRANP-IR] AA.
- The upgrade was based on improved financial strength, solvency position and investment portfolio.
- Nepal Life held around 27% of the life insurance market in FY 2025/26 and collected roughly Rs. 54 billion in premiums.
- Its solvency ratio rose to about 154%, above the regulatory minimum of 130%.
