Nepal Micro Insurance Company Limited (NMIC)

About Nepal Micro Insurance Company Limited (NMIC)

Nepal's First Non-Life Micro Insurance Company Expanding Financial Protection for Every Community

Nepal Micro Insurance Company Limited (NMIC) is Nepal's first licensed non-life micro insurance company, established on Bhadra 8, 2079 B.S. under the Companies Act, 2063 and the Insurance Act, 2079. The company was founded with a clear mission to make insurance accessible, affordable, and relevant for millions of people living in Nepal's rural, remote, and underserved communities.

By focusing on micro insurance, NMIC aims to bridge the protection gap faced by low-income households, small businesses, farmers, and vulnerable communities that have traditionally had limited access to conventional insurance products.

Expanding Financial Inclusion Through Micro Insurance

Nepal Micro Insurance Company was established with the vision of transforming the way insurance reaches people. Recognizing that traditional insurance products are often complex and unaffordable for many households, NMIC has developed simplified micro insurance solutions that provide meaningful financial protection at affordable premium rates.

The company works to ensure that insurance is not limited by geography, income level, or social status. Through innovative service delivery models and customer-focused products, NMIC helps individuals and families better manage financial risks while strengthening long-term economic resilience.

Community-Centered Insurance Solutions

NMIC believes that effective insurance begins with understanding the real needs of local communities. The company works closely with community organizations, local institutions, and stakeholders to develop insurance products that address the everyday risks faced by Nepalese households.

These risks include:

• Natural disasters

• Health emergencies

• Personal accidents

• Other unforeseen financial risks affecting low-income families and small businesses

This collaborative approach enables NMIC to design practical insurance solutions that are affordable, relevant, and accessible for the communities it serves.

Customer-First Service

Delivering excellent customer service is central to NMIC's operations. The company is committed to providing reliable support before, during, and after the insurance process, particularly when policyholders need assistance during difficult situations.

Alongside insurance services, NMIC actively promotes insurance awareness and financial literacy through partnerships with local organizations, helping communities better understand the benefits of insurance and make informed financial decisions.

Innovation for Inclusive Insurance

NMIC is supported by a team of experienced insurance professionals dedicated to developing innovative micro insurance products tailored to Nepal's diverse socio-economic landscape.

By leveraging technology, simplified processes, and alternative distribution channels, the company continues to expand insurance access while reducing barriers that have traditionally limited insurance penetration in underserved regions.

Serving Communities Across Nepal

From the Himalayan hills to the urban centers of Nepal, Nepal Micro Insurance Company aspires to become a trusted insurance partner for every community.

Guided by the principles of integrity, compassion, and service excellence, NMIC remains committed to creating positive social impact by expanding access to affordable insurance protection throughout the country.

Vision

To become the leading provider of micro insurance solutions in Nepal, empowering communities to effectively manage risks and achieve long-term financial security regardless of their income level.

Mission

To provide affordable, accessible, and customer-focused micro insurance products that protect low-income households and small businesses while promoting financial inclusion and long-term financial security across Nepal.

Our Core Values – FAITH

At Nepal Micro Insurance Company, our organizational culture and decision-making are guided by the core values represented by FAITH.

Financial Inclusion

We are committed to making insurance accessible throughout Nepal by utilizing innovative distribution channels, digital technologies, and simplified service delivery models. Our objective is to expand financial inclusion by ensuring insurance reaches people from every income group and every region of the country.

Accessibility

We strive to remove barriers that prevent people from obtaining insurance protection. By expanding our presence into remote communities and simplifying insurance processes, we ensure that quality micro insurance products are available to those who need them most.

Integrity

Integrity is the foundation of our business. We conduct our operations with honesty, transparency, professionalism, and accountability while maintaining the highest ethical standards in our relationships with customers, employees, partners, shareholders, and regulatory authorities.

Trustworthiness

We understand the responsibility entrusted to us as an insurance provider. We build customer confidence through transparent communication, fair and timely claims settlement, dependable service, and a strong commitment to protecting the interests of our policyholders.

Human-Centric Approach

People are at the center of everything we do. We listen carefully to the needs of our customers, develop products that address their real challenges, and provide continuous insurance education to help individuals and families make informed financial decisions with confidence.

Committed to Inclusive and Sustainable Protection

Nepal Micro Insurance Company Limited is dedicated to strengthening financial resilience through accessible and affordable micro insurance solutions. As Nepal's first non-life micro insurance company, NMIC continues to promote financial inclusion by delivering innovative, community-focused insurance products that support low-income households, protect small businesses, and contribute to the sustainable development of Nepal's insurance sector.

Driven by its values of Financial Inclusion, Accessibility, Integrity, Trustworthiness, and Human-Centric Service (FAITH), NMIC remains committed to making insurance available for everyone, everywhere in Nepal.