Life Insurance Corporation (Nepal) Limited

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Life Insurance Corporation (Nepal) Limited (NEPSE: LICN) is a life insurance provider operating in Nepal as a subsidiary of Life Insurance Corporation of India. The company offers a comprehensive range of participating and non-participating life insurance products through its network of branches and agents distributed across all seven provinces of Nepal. LICN's product portfolio includes endowment plans such as Plan 365, Plan 353 (Jeevan Shree), and Plan 361 (Jeevan Labh); term insurance products including Plan 344 (Bima Kiran) and Plan 346 (Amulya Jeevan); money-back plans; child-focused coverage through Plan 363 (Baal Unnati); and micro-insurance plans including Plan 354 (Endowment) and Plan 355 (Term). The company serves customers through multiple branches and an extensive network of insurance agents, providing online policy services, premium payment facilities, and policy loans. The company was incorporated on December 26, 2000, received its life insurance license in August 2001, and commenced operations on September 1, 2001. It was listed on Nepal Stock Exchange (NEPSE) on March 21, 2003. Life Insurance Corporation (Nepal) Limited is headquartered in Kathmandu, Nepal.

Key Facts

Chief Executive Officer

Pranay Kumar (since June 9, 2023)

Main Product Lines

Endowment plans, term insurance, money-back plans, child plans, micro insurance

Branch Network

Multiple branches across all 7 provinces of Nepal from eastern Mechi to western Mahakali

Operations Start Date

September 1, 2001