Who owns Life Insurance Corporation (Nepal)?
Life Insurance Corporation (Nepal) is owned by LIC of India (India, NSE: LICI).[1]
LIC of India owns 55% of Life Insurance Corporation (Nepal) rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Life Insurance Corporation of India Annual Report 2023-24. Last checked .
Key facts
- Current owner
- Life Insurance Corporation of India (55% stake) reported
- Owner HQ
- 🇮🇳 India, Mumbai
- Origin
- 🇳🇵 Nepal
- Founded
- 2001
- Category
- Finance & insurance › Insurance › Life & health insurance
- Parent ticker
- NSE: LICI
- Last verified
- · 1 sources
About Life Insurance Corporation (Nepal)
Life Insurance Corporation (Nepal) Ltd. was established on 1 September 2001 as a venture with Vishal Group and is listed on the Nepal Stock Exchange. The LIC annual report 2023-24 gives LIC of India a 55% shareholding and says the company sold 59,574 policies in the year to 31 March 2024.
Ownership timeline of Life Insurance Corporation (Nepal)
- Current owner LIC of India (55%) [1] reported
Where Life Insurance Corporation (Nepal) sits in LIC of India
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full LIC of India ownership tree →
See the full LIC of India brand portfolio (7) →
Other brands owned by LIC of India
LIC of India controls 7 brands on Brandtree, 7 of them in finance & insurance.
Also in finance & insurance
Other brands in life & health insurance, and who owns them
The 33 brands in life & health insurance on Brandtree belong to 19 owners. The largest is Nippon Life, with 4; LIC of India has 4.
| Brand | Owner | Owner based in |
|---|---|---|
| Hanasaku Life Insurance | Nippon Life | 🇯🇵 Japan |
| Meiji Yasuda | Meiji Yasuda | 🇯🇵 Japan |
| Assupol | Sanlam | 🇿🇦 South Africa |
| Elips Life | Swiss Re | 🇨🇭 Switzerland |
| American Income Life | Globe Life | 🇺🇸 United States |
| Singlife | Sumitomo Life | 🇯🇵 Japan |
| CNP Assurances | CNP Assurances | 🇫🇷 France |
| VitalityLife | Discovery | 🇿🇦 South Africa |
About the owner: LIC of India
LIC of India is a publicly listed company headquartered in Mumbai, India, founded in 1956. Brandtree records 7 brands under its control, and it is listed as NSE: LICI.
Life Insurance Corporation of India was established on 1 September 1956 under the Life Insurance Corporation Act, 1956, and its central office is Yogakshema, Jeevan Bima Marg, Nariman Point, Mumbai. Its FY2023-24 annual report gives the President of India as holding 6,10,36,22,781 equity shares, 96.5% of the total, and shows its shares listed on NSE (symbol LICI) and BSE (code 543526). The report says that on 31 March 2024 the Corporation had three wholly owned subsidiaries, four subsidiaries and six associate companies.
LIC of India: full profile, brands and acquisition history →
🇳🇵 Life Insurance Corporation (Nepal) and other Nepali brands
Brandtree records a controlling owner for 17 brands that began in Nepal. 1 of them (6%) are now controlled by a company headquartered in another country, Life Insurance Corporation (Nepal) among them.
- Buddha Air — Buddha Air 🇳🇵
- Himalaya Airlines — Himalaya Airlines 🇳🇵
- Jucilo — CG Corp Global 🇳🇵
- Nepal Airlines — Nepal Airlines 🇳🇵
- Shree Airlines — Shree Airlines 🇳🇵
- Sita Air — Sita Air 🇳🇵
Frequently asked questions
Who is the parent company of Life Insurance Corporation (Nepal)?
The parent company of Life Insurance Corporation (Nepal) is LIC of India, a publicly listed company headquartered in India.
Is Life Insurance Corporation (Nepal) Nepali or Indian?
Life Insurance Corporation (Nepal) originated in Nepal in 2001, but it is owned today by LIC of India, which is headquartered in India. So Life Insurance Corporation (Nepal) is a Nepali-origin brand under Indian ownership.
Is Life Insurance Corporation (Nepal) still owned by LIC of India?
Yes. As of 10 October 2026, Life Insurance Corporation (Nepal) is still owned by LIC of India (55% stake). The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Life Insurance Corporation of India Annual Report 2023-24 — Life Insurance Corporation of India, Annual report; retrieved 10 October 2026.
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