About Nepal Insurance Company Limited
Nepal's First General Insurance Company Delivering Trusted Protection Since 1947
Nepal Insurance Company Limited is the first non-life (general) insurance company in Nepal, with a legacy that dates back to 1947 A.D. Established initially as Nepal Malchalani Tatha Beema Company, the organization was renamed Nepal Insurance & Transport Company Ltd. in 1959 A.D., and has operated under its current name, Nepal Insurance Company Limited, since 1991 A.D.
With more than seven decades of experience, Nepal Insurance Company has played a pioneering role in the development of Nepal's insurance industry by providing reliable, customer-focused, and comprehensive general insurance solutions to individuals, businesses, and institutions across the country.
Corporate Profile
Nepal Insurance Company Limited is a public limited company officially registered under the Companies Act, 2006 on November 7, 2008 (2065/07/22 B.S.), under Registration No. 1088/065/066.
The company received its license to conduct general (non-life) insurance business from the Nepal Insurance Authority (formerly Beema Samiti) on March 25, 2008 (2064/12/12 B.S.) under License No. 01/050, in accordance with the Insurance Act, 1992 and the Insurance Regulation, 1993.
Operating within Nepal's regulatory framework, the company remains committed to maintaining high standards of corporate governance, regulatory compliance, prudent risk management, and customer service excellence.
A Pioneer in Nepal's Insurance Industry
As Nepal's first general insurance company, Nepal Insurance Company has built a long-standing reputation for trust, stability, and financial reliability. Throughout its history, the company has continually evolved to meet the changing insurance needs of Nepal's growing economy while maintaining its commitment to protecting customers against financial risks.
Its decades of operational experience, combined with strong governance and industry expertise, have positioned the company as one of Nepal's most recognized and respected non-life insurance providers.
Strong Promoter Base and Shareholding Structure
Nepal Insurance Company is promoted by Nepal Bank Limited, Nepal's first commercial bank, along with Asian Life Insurance Company Limited and other institutional promoters.
The company's shareholding structure consists of:
The company's ordinary shares are listed on the Nepal Stock Exchange (NEPSE), allowing investors to buy and sell shares through Nepal's secondary capital market.
The strong institutional backing of its promoters supports the company's financial stability, corporate governance, and long-term growth strategy.
Nationwide Presence
Nepal Insurance Company serves customers across Nepal through a growing nationwide network of 55 branch offices, supported by more than 300 trained and dedicated professionals.
This extensive branch network enables the company to provide accessible insurance services, efficient customer support, policy administration, and timely claims assistance throughout the country.
Comprehensive General Insurance Solutions
Nepal Insurance Company offers a broad portfolio of general insurance products designed to protect individuals, businesses, commercial enterprises, and institutions from financial losses arising from unforeseen risks.
The company remains committed to providing reliable insurance coverage, responsive customer service, efficient claims management, and innovative insurance solutions that address the evolving protection needs of customers across Nepal.
Strong International Reinsurance Support
To strengthen its financial capacity and effectively manage insurance risks, Nepal Insurance Company maintains strategic partnerships with leading international reinsurance companies recognized for their financial strength and claims-paying ability.
The company's reinsurance arrangements include globally respected reinsurers that receive strong financial ratings from internationally recognized agencies such as:
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Standard & Poor's (S&P)
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A.M. Best
Among its major reinsurance partners is Hannover Rück, Germany, one of the world's largest reinsurance companies, serving as the consortium lead for the company's reinsurance program.
These partnerships enhance the company's underwriting capacity, improve risk diversification, and reinforce its ability to provide dependable financial protection for policyholders.
Committed to Trust, Protection, and Sustainable Growth
With a history spanning more than 75 years, Nepal Insurance Company Limited continues to uphold its legacy as Nepal's pioneering general insurance company. Guided by financial strength, sound corporate governance, customer-centric service, and strong international reinsurance support, the company remains dedicated to delivering dependable insurance solutions that protect people, businesses, and communities across Nepal.
By combining decades of industry experience with continuous innovation and responsible business practices, Nepal Insurance Company continues to contribute to the growth and resilience of Nepal's insurance sector while creating long-term value for policyholders, shareholders, employees, and other stakeholders.
