Story perspectives

Sun Nepal Life Shifts Focus to Traditional Insurance Policies

6/8/2025

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Summary

Story summary

Sun Nepal Life Insurance is refocusing on traditional policies due to new regulations from the Nepal Insurance Authority (NEA).
A campaign has been launched to enhance sales in the traditional insurance sector, where market share is currently low.
Life insurance penetration in Nepal hit 47.39% by mid-May, despite economic challenges leading to increased policy surrenders.
Sales of foreign employment insurance rose by 21% this fiscal year, fueled by a rise in overseas labor permits.

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Story summary

Sun Nepal Life Insurance is refocusing on traditional policies due to new regulations from the Nepal Insurance Authority (NEA).
A campaign has been launched to enhance sales in the traditional insurance sector, where market share is currently low.
Life insurance penetration in Nepal hit 47.39% by mid-May, despite economic challenges leading to increased policy surrenders.
Sales of foreign employment insurance rose by 21% this fiscal year, fueled by a rise in overseas labor permits.