sive reinsurance structure. Under this, 6% of all insurance business is directly transferred to Nepal Reinsurance Company and Himalayan Reinsurance Company, totaling 12%. For risks up to NPR 12 lakh, the company retains them, with 30% of the remaining risks reinsured. For foreign employment insurance plans, a collective reinsurance pool ensures policyholder security.
The company’s board of directors is led by experienced members, with Anju Kayal as chairperson. Daily operations and management are overseen by CEO Rajkumar Aryal. Key promoters include Kayal Group, K.C. Group, and Rungta Group.
Sun Nepal Life has expanded nationwide, operating 49 branches and 99 sub-branches across 70 districts in seven provinces. The company currently has 40,438 insurance agents, up from 38,393 in the previous fiscal year, ensuring wider access to its services.
The company was registered on October 16, 2007 (2064/07/30 BS) and received insurance operation permission on July 2, 2017 (2074/04/18 BS). As of mid-July 2081/82, the company’s total assets reached NPR 1.82 billion.
