Asian Life Insurance Company Limited has the highest claim settlement ratio of any of Nepal’s 14 life insurers on our derived measure – 98.85% for FY 2081/82, up from 98.49% the year before, and backed by an unusually clean claims pipeline. If paying claims reliably is your first priority, this is the review to read closely.
Quick Facts
| Detail | Information |
|---|---|
| Full name | Asian Life Insurance Company Limited |
| NEPSE symbol | ALICL |
| Type | Private, Nepali-owned |
| Regulator | Nepal Beema Pradhikaran (NIA) |
| Market share (premium) | 5.65% |
| Life fund | NPR 47.07 arba |
| Claim ratio FY 2081/82 (derived) | 98.85% (rank #1 of 14) |
| Claim ratio FY 2080/81 (derived) | 98.49% (improving) |
| Total claims paid FY 2081/82 | NPR 6.19 billion (Rs. 618.89 crore) |
| Entry age | 18 – 60 years (adult plans) |
| Policy terms | 5 – 30 years |
Claim Settlement Ratio: Why #1 Here Is Genuinely Strong
An honest note on the number first. The NIA does not publish a per-company “claim settlement ratio.” It publishes two amounts for each insurer – claims paid and claims outstanding – and the 98.85% here is a ratio we derive from those (claims paid divided by claims paid plus outstanding). It is amount-based and excludes rejected claims, which the NIA does not break out per company.
With that caveat stated, Asian Life’s record is genuinely strong – not a quirk of the maths. In FY 2081/82 it paid Rs. 618.89 crore (about NPR 6.19 billion) in claims against only Rs. 7.18 crore left outstanding at year-end. That is one of the cleanest paid-to-outstanding balances in the market, and it improved year on year (98.49% to 98.85%). For a buyer who weighs claim reliability above all else, Asian Life is the benchmark – though no amount-based ratio can tell you settlement speed, so it is still fair to ask about timelines.
Plans Available (FY 2081/82)
Endowment: Asian Sawadhik Plus (flagship)
Asian’s main savings-plus-protection plan, and one of a deep menu of endowment-type plans it sells (others include Bhabisya Nidhi Sawadhik, Nava Ratna Endowment, Dhan Sambriddhi, and the limited-payment Jeevan Ratna). It pays the sum assured plus accumulated bonus at maturity, or the full sum assured to your nominee on death during the term. See the full list on Asian Life’s own site.
- Endowment bonus (FY 2081/82): Rs. 45 to Rs. 62 per 1,000 sum assured per year
- Riders available: Accident, Disability
- Policy loan: Yes, after 3 years | Surrender: Yes
Term: Asian Surachha Plus (flagship)
Pure life protection – the highest cover for the lowest premium, with no maturity payout. Asian also offers Asian Karja Surachha (loan-cover term) and Asian Samuhik Myadi (group term) in the same family.
Whole Life: Sukhi Jiwan Plus (flagship)
A combined whole-life-and-endowment plan: long-term cover that also builds a maturity benefit with bonus. Suited to buyers who want lifelong protection plus a savings element.
Don't buy based on reviews alone. Compare claim ratios and IRR instantly.
Compare All PlansMoney Back: Asian Moneyback-20 (flagship)
Returns a portion of the sum assured at fixed intervals during the term. Asian runs several money-back variants (Annual Repay Moneyback, 15 Yrs Money Back Plus, Asian Moneyback-20), so you can match the payout schedule to your needs.
A Note on Bonus Rates
Asian Life’s declared endowment bonus for FY 2081/82 is Rs. 45 to Rs. 62 per 1,000 sum assured (dual-sourced from Beemapost and Insurance Khabar). That is a modest range by market standards – several insurers declare higher endowment bonuses – so Asian’s appeal is reliability rather than peak bonus. Its whole-life and money-back plans carry their own declared rates; always confirm the bonus for the specific plan and term you are buying rather than a company headline. To weigh insurers side by side, see our comparison of all 14 companies.
Who Should Choose Asian Life?
Choose Asian Life if:
- You put claim reliability first – it ranks #1 on our derived measure (98.85%), improving, with a very clean paid-to-outstanding balance
- You want a long policy term – up to 30 years
- You want a broad menu of savings and money-back plans to choose from
- You prefer a fully Nepali-owned insurer
Consider alternatives if:
- You want the highest possible bonus – National Life (up to Rs. 85) and Nepal Life (up to Rs. 82) declare higher endowment ranges
- You need to enrol above age 60 – several insurers accept new entrants up to 65
See Your Own Numbers
Premiums depend on your age, sum assured, and term, so a single sample figure can mislead. Use the Premium Calculator to compare Asian Life’s estimated premium against all 13 other insurers for your exact inputs.
Data source: NIA Annual Report FY 2081/82 for financials and claim amounts; plan names from Asian Life’s own website; bonus rates from Beemapost and Insurance Khabar. The claim “ratio” is our amount-based derivation (claims paid over paid plus outstanding, in NPR crore per NIA Schedules 14 and 15); the NIA does not publish a per-company settlement ratio. Any premium shown by our calculator is an estimate, not a quote. Full disclaimer.