Himalayan Life Insurance Limited

About Himalayan Life Insurance Limited

Nepal's Leading Life Insurance Company Built on Strength, Trust, and Innovation

Himalayan Life Insurance Limited is one of Nepal's largest life insurance companies, formed through the strategic merger of Prime Life Insurance Company Limited, Gurans Life Insurance Company Limited, and Union Life Insurance Company Limited. The merger combined the strengths, experience, and expertise of three established insurers into a single, stronger institution dedicated to delivering reliable life insurance solutions and long-term financial security for individuals and families across Nepal.

With a solid financial foundation, strong corporate governance, advanced technology, and a customer-first approach, Himalayan Life Insurance is committed to creating lasting value for policyholders, shareholders, employees, and the broader community.

Company Overview

Himalayan Life Insurance Limited officially commenced its unified business operations on 9 May 2023 following the successful merger of Prime Life Insurance Company Limited, Gurans Life Insurance Company Limited, and Union Life Insurance Company Limited.

The merger received all required regulatory approvals from:

• Nepal Insurance Authority – 26 April 2023

• Nepal Securities Board – 2 May 2023

• Office of the Company Registrar – 3 May 2023

The company operates under Registration No. 1003/063/64, reflecting its commitment to regulatory compliance, financial stability, and responsible corporate governance.

Strong Financial Foundation

Himalayan Life Insurance has established a robust capital base to support sustainable growth and long-term commitments to policyholders.

Capital Structure

• Authorized Capital: NPR 10 billion

• Issued and Paid-up Capital: NPR 9.143 billion

• Shareholding Structure:

  • Promoters: 51%

  • Public Shareholders: 49%

This strong financial position enhances the company's ability to deliver reliable insurance services while maintaining long-term financial resilience.

Promoted by Nepal's Leading Business Groups

Himalayan Life Insurance is backed by some of Nepal's most respected business houses and institutional investors, including:

• Khetan Group

• Shankar Group

• Golchha Group

• Dugar Group

• Gadia Group

• Jagadamba Group

• Neupane Group

The company also benefits from investments made by experienced industrialists, entrepreneurs, traders, professionals, and reputable organizations, strengthening its governance, financial capacity, and long-term vision.

Customer-Focused Life Insurance Solutions

Himalayan Life Insurance offers life insurance solutions designed to protect individuals and families against financial uncertainty while supporting long-term financial planning.

The company is committed to providing insurance products that:

• Protect families against life's unexpected events

• Promote long-term financial security

• Support savings and future planning

• Meet the evolving insurance needs of customers

• Deliver reliable and transparent insurance services

By combining customer-centric products with efficient service delivery, Himalayan Life Insurance strives to build lasting relationships based on trust and confidence.

Innovation and Human Resource Development

Himalayan Life Insurance believes that sustainable growth is driven by innovation, technology, and professional excellence.

The company continuously focuses on:

• Developing skilled human resources in the life insurance sector

• Leveraging modern technologies to improve operational efficiency

• Enhancing customer experience through digital innovation

• Strengthening service quality and operational effectiveness

• Promoting awareness of life insurance and financial protection across Nepal

Vision

To continuously advance Nepal's life insurance industry by promoting public awareness of financial protection, developing skilled insurance professionals, and enhancing the quality and efficiency of life insurance services through innovation and technology.

Mission

To establish Himalayan Life Insurance Limited as a strong, trusted, and customer-focused financial institution that sets new benchmarks for consumer trust, satisfaction, and excellence in Nepal's life insurance industry.

Objectives

Himalayan Life Insurance is committed to:

• Offering life insurance products that meet the diverse needs of individuals and families.

• Providing financial protection and long-term security to policyholders through reliable insurance solutions.

• Investing insurance funds responsibly to achieve sustainable and reasonable returns.

• Creating long-term value for both policyholders and shareholders through prudent financial management and responsible corporate governance.

Our Commitment

Himalayan Life Insurance Limited remains committed to protecting lives, strengthening financial security, and building long-term trust through ethical business practices, sound governance, innovation, and customer-focused insurance solutions.

With the combined expertise of three established life insurance companies, a strong capital base, and the support of Nepal's leading business groups, Himalayan Life Insurance continues to contribute to the sustainable growth of Nepal's insurance sector while helping individuals and families secure a better financial future.

Why Choose Himalayan Life Insurance Limited?

• Formed through the merger of Prime Life Insurance, Gurans Life Insurance, and Union Life Insurance

• Officially commenced unified operations on 9 May 2023

• Approved by the Nepal Insurance Authority, Nepal Securities Board, and Office of the Company Registrar

• Authorized Capital: NPR 10 billion

• Issued and Paid-up Capital: NPR 9.143 billion

• Strong promoter base including Nepal's leading business groups

• Customer-focused life insurance and long-term financial protection solutions

• Committed to innovation, technology, regulatory compliance, and service excellence

• Focused on sustainable growth, financial security, and creating long-term value for policyholders and shareholders