There is a total of 41 insurance companies in Nepal as approved by Beema Samiti. Here you can get the list of insurance companies in Nepal that have been approved by Beema Samiti. Basically, there are three types of insurance companies in Nepal. They are:-
Life Insurance
Non-Life of General Insurance
Reinsurance
As of the financial year 2078/79, there are 19 life insurance, 20 non-life general insurance, and two reinsurance companies operating in Nepal. Below, we are going to discuss all the life insurance, non-life Insurance, and reinsurance companies in Nepal.
List Of Life Insurance Companies In Nepal
No
Company
Headquarter
Establishment Date
1
Rastriya Beema Sansthan
Kathmandu
1967 AD
2
National Life Insurance Co. Ltd.
Kathmandu
1988 AD
3
Nepal Life Insurance Co Ltd.
Kathmandu
2001 AD
4
Life Insurance Corporation Ltd.
Kathmandu
2000 AD
5
Met Life
Kathmandu
2001 AD
6
Asian Life Insurance Co. Ltd.
Kathmandu
2008 AD
7
Surya Life Insurance Co. Ltd.
Kathmandu
20008 AD
8
Gurans Life Insurance Co. Ltd.
Kathmandu
2007 AD
9
Prime Life Insurance Co. Ltd.
Kathmandu
2007 AD
10
IME Life Insurance Co. Ltd.
Kathmandu
2008 AD
11
Union Life Insurance Co. Ltd.
Kathmandu
2017 AD
12
Jyoti Life Insurance Co. Ltd.
Kathmandu
2017 AD
13
Sun Nepal Life Insurance Co. Ltd.
Kathmandu
2018 AD
14
Reliance Life Insurance Co. Ltd.
Kathmandu
2017 AD
15
Reliable Nepal Life Insurance Co. Ltd.
Kathmandu
2017 AD
16
Citizen Life Insurance Ltd.
Kathmandu
2017 AD
17
Sanima Life Insurance Ltd.
Kathmandu
2017 AD
18
Prabhu Life Insurance Co. Ltd.
Kathmandu
2017 AD
19
Mahalaxmi Life Insurance Ltd.
Kathmandu
2017 AD
List Of Life Insurance Companies In Nepal
List of Life Insurance Companies In Nepal
Rastriya Beema Sanstha– Rastriya Beema Sanstha is the first life insurance company, established by the government of Nepal itself back in the year 1967. As of now, the company has got 13 branches at various locations in Nepal.
National Life Insurance Co. Ltd– National Life Insurance Co. Ltd. was started in 1988 AD under the Nepal Company Act 1964 and the insurance Act 1968 of Nepal. Currently, the company is operating with 101 branches all over Nepal
Nepal Life Insurance Co Ltd – Nepal Life Insurance Co Ltd. was established under the Company Act 2053 and Insurance Act 2049 as a public limited company. The company has been operating all over Nepal with several branches in a province.
Life Insurance Corporation Ltd – Life Insurance Corporation Ltd. was incorporated under the company Act 2053 on 2000-12-27. The company got its life insurance license from the Insurance Board of Nepal on 2001-08-07.
Met Life– Met Life is operating in Nepal since 5th December 2001. It is the first foreign company to be granted an insurance license in Nepal. Currently, it has got 35 branches providing services in various locations in Nepal.
Asian Life Insurance Co. Ltd– Asian Life Insurance Co. Ltd. started functioning on 3rd April 2008. It got a license on 27th February, 2008as per INsurance Act 2049 from Beema Samiti. It has got 47 branches in Nepal covering various provinces in Nepal.
Surya Life Insurance Co. Ltd– Surya Life Insurance Co. Ltd. was established and registered under the company act 2063 BS and Insurance Act 2049 as a Public Limited Company. The company has got 101 branches in different locations in Nepal.
Gurans Life Insurance Co. Ltd – Gurans Life Insurance Co. Ltd. got its license to operate Insurance Business in 2064 BS. Some of the major promoters of the company are Dugar Group, Sunrise Bank Ltd, etc. The company has got total of 72 branches in Nepal open for providing services to its customers.
Prime Life Insurance Co. Ltd – Prime Life Insurance Co. Ltd was established in June 2007. The company has been operating 26 branches in Nepal as of now.
IME Life Insurance Co. Ltd – IME Life Insurance Co. Ltd is an insurance company that got registered in 2065 BS Ashwin 15 and started its operation from Bhadra 1, 2074. IME life insurance is providing service to its customer from 62 different locations in Nepal.
Union Life Insurance Co. Ltd – Union Life Insurance Co. Ltd. is operating in the Life Insurance sector since it got its license in 2074 BS. It was registered under Insurance Act 2049 as a Public Limited Company and Company Act 2063. It has got a total of 190 branches operating in Nepal to date.
Jyoti Life Insurance Co. Ltd– Jyoti Life Insurance Co. Ltd. was established in July 2017 AD under Company Act 2063 and Insurance Act 2049 as a Public Limited Company. As of now, the company is operating 126 branches in various districts of Nepal.
Sun Nepal Life Insurance Co. Ltd – Sun Nepal Life Insurance Co. Ltd. got registered under the Company Act 2063. Moreover, it got a license for the life insurance business as per section 10 of the Insurance Act 2049. The company has got 20 branches with 55 sub-branches throughout the country.
Reliance Life Insurance Co. Ltd– Reliance Life Insurance Co. Ltd. started its operation on November 17, 2017. The company’s 30 percent is owned by public shareholders and 70 percent by promoters. The company has got 100 branches around various locations in Nepal.
Citizen Life Insurance Ltd -Citizen Life Insurance Ltd started its operation on October 19, 2017. The company got licensed on August 23, 2017, and is serving people through 102 branches in different parts of the country.
Sanima Life Insurance Ltd– Sanima Life Insurance Ltd. started its operation on Mangsir 22, 2074. The company is promoted by Non-Resident Nepali and has 48 branches in Nepal.
Prabhu Life Insurance Co. Ltd – Prabhu Life Insurance Co. Ltd. started operating in Nepal on 28th Mangsir, 2074. The major promoter of the company is Prabhu Bank Limited and Shangrila Development Bank. As of now, the company has got 99 branches in various parts of the world.
Mahalaxmi Life Insurance Ltd – Mahalaxmi Life Insurance Ltd. is established by various groups including insurance specialists and bankers. Some of the major promoters include Mega Bank Ltd, NMB Bank Ltd, and Mahalaxmi Bikas Bank Ltd. Currently, the insurance company is serving in 59 various locations in Nepal.
List Of Non-life Insurance Companies In Nepal
No
Company
Headquarter
Establishment Date
1
Nepal Insurance Co. Ltd.
Kathmandu
1947 AD
2
The Oriental Insurance Co. Ltd.
Kathmandu
1956 AD
3
National Insurance Co. Ltd.
Kathmandu
1959 AD
4
Himalayan General Insurance Co. Ltd
Kathmandu
1993 AD
5
United Insurance Co, Ltd.
Kathmandu
1993 AD
6
Premier Insurance Co. Ltd.
Kathmandu
1994 AD
7
Everest Insurance Co. Ltd.
Kathmandu
1994 AD
8
Neco Insurance Ltd.
Kathmandu
1994 AD
9
Sagarmatha Insurance Co. Ltd.
Kathmandu
1996 AD
10
Prabhu Insurance Ltd.
Kathmandu
1996 AD
11
IME General Insurance Ltd.
Kathmandu
2001 AD
12
Prudential Insurance Co. Ltd.
Kathmandu
2002 AD
13
Shikhar Insurance Co. Ltd.
Kathmandu
2004 AD
14
Lumbini General Insurance Co. Ltd.
Kathmandu
2005 AD
15
NLG Insurance Ltd.
Kathmandu
2005 AD
16
Siddhartha Insurance Ltd.
Kathmandu
2006 AD
17
Rastriya Beema Co Ltd.
Kathmandu
2014 AD
18
Sanima General Insurance Ltd.
Kathmandu
2018 AD
19
Ajod Insurance Ltd.
Kathmandu
2018 AD
20
General Insurance Co, Nepal Ltd.
Kathmandu
2018 AD
List Of Non-life Insurance Companies In Nepal
List Of Non-life Insurance Companies In Nepal
Nepal Insurance Co. Ltd – Nepal Insurance Co. Ltd. is a pioneer in the non-life insurance sector in Nepal. It was established in 1947 AD by Nepal Bank Limited. the company has got 50 branches in various locations in Nepal.
The Oriental Insurance Co. Ltd – The Oriental Insurance Co. Ltd. has been operating in Nepal since 1956. The company has got 10 branches in Nepal as of now.
National Insurance Co. Ltd – National Insurance Co. Ltd. has been operating in Nepal since 1959. . At present we have our Controlling office in Kathmandu with two Branch Office and One Controlling unit looking after RI, Claim, and Marketing activities.
Himalayan General Insurance Co. Ltd – Himalayan General Insurance Co. Ltd started its operation in Nepal in December 1993 after obtaining a license from the Insurance Board of Nepal. The company has got 22 branches at various locations in Nepal.
United Insurance Co, Ltd – United Insurance Co, Ltd is an ISO 9001:2000 certified insurance company. the company has started its operation on Mangsir 16, 2050. Currently, the company is operating with 44 branches at different locations in Nepal.
Premier Insurance Co. Ltd – Premier Insurance Co. Ltd. company got incorporated in 1994 AD. The company has been promoted by prominent trading and business groups and has 66 branches all over Nepal.
Everest Insurance Co. Ltd– Everest Insurance Co. Ltd was established in 1994 after the privatization of the insurance sector. The company has 31 branches in Nepal which is serving customers in various provinces.
Neco Insurance Ltd – Neco Insurance Ltd. is operating in Nepal since 17th Jestha 2053 as per the license granted by the Insurance Board of Nepal. The company has got 50 branches and is serving the customer since 2053.
Sagarmatha Insurance Co. Ltd – Sagarmatha Insurance Co. Ltd was incorporated in 1996 and its joint venture partner is Ceylinco Insurance PLC. Moreover, the company has got 75 branches at various locations in Nepal.
Prabhu Insurance Ltd – Prabhu Insurance Ltd was founded in 2053 BS. The major shareholding is of Prabhu Group and Employee’s Provident fund. Currently, the non-life insurance company is serving people in 36 districts.
IME General Insurance Ltd– IME General Insurance Ltd started its operation on February 1st, 2001. As of now the company has got 46 branches in various parts of Nepal.
Prudential Insurance Co. Ltd – Prudential Insurance Co. Ltd got registered on November 30, 2000, under the Company Act 2063. Moreover, it got a license from Beema Samiti to involve in the general insurance business. The company has got 33 branches at various locations in Nepal.
Shikhar Insurance Co. Ltd– Shikhar Insurance Co. Ltd started its operation on Mangsir 2, 2061, and was incorporated as a Public Limited Company on Jestha 25, 2061. . The company is serves its client via 96 branches located in different parts of Nepal.
Lumbini General Insurance Co. Ltd– Lumbini General Insurance Co. Ltd was incorporated in 2062 BS. The company has been promoted by Bankers, Entrepreneurs, Automobiles, and dealers. The company is operating in 45 different locations in Nepal.
NLG Insurance Ltd – NLG Insurance Ltd was incorporated in 1988. Some of its strategic stakeholders include National Life Insurance Co Ltd, Rastriya Banijya Bank, and Public Stakeholders. Currently, the company is operating and providing various services to customers via its 78 branches.
Siddhartha Insurance Ltd – Siddhartha Insurance Ltd was incorporated in the year 2006. . It has got 97 branches in different parts of Nepal.
Rastriya Beema Co Ltd– Rastriya Beema Co Ltd was in corporate on the 1st Poush, 2024 BS. Moreover, it got a license in Aar 27, 2071 BS from the Insurance Board. The insurance company has got 15 branches all over Nepal.
Sanima General Insurance Ltd – Sanima General Insurance Ltd started its operation in July 2018. Some of the promoters of the team include NRN, bankers, trading houses, and so on. The company has got 19 branches at various locations in Nepal.
Ajod Insurance Ltd – Ajod Insurance Ltd was set up under the insurance Act 2049 BS. After getting approval from Beeema Samiti it was formally inaugurated in 2064 BS. Moreover, the company started its operation on 21 Ashadh 2074. Currently, the company is providing services from 42 different locations in Nepal.
General Insurance Co, Nepal Ltd – General Insurance Co, Nepal Ltd got registered on 26 th November 2007 and approved by Beema Samiti on 7th February 2018. To date, the company has been limiting its service to only Bagamti Pradesh.
List of Re-Insurance Companies In Nepal
No
Company
Headquarters
Establishment Date
1
Nepal Reinsurance Co. Ltd.
Kathmandu
2014 AD
2
Himalayan Reinsurance Ltd.
Kathmandu
2021 AD
List of Re-Insurance Companies In Nepal
List of Re-insurance Companies in Nepal
Nepal Reinsurance Co. Ltd– Nepal Reinsurance Co. Ltd. started its operation on 22nd December 2014. It is established in PPP Model with equity participation of the Government of Nepal. Insurance companies, both life, and Non-life, along with the public limited companies operating in Nepal.
Himalayan Reinsurance Ltd -Himalayan Reinsurance Ltd. is the first private sector reinsurance company established in Nepal. Some of the major promoters of the company include Golchha Group, Shaker Group, Ramesh Corp, and Vaishnav Enterprises.
