Navigating vehicle insurance renewals can feel like a maze, especially with busy schedules and confusing paperwork. But in Nepal, third-party insurance isn’t just a recommendation—it’s the law. If you’re wondering how to renew your policy from home, what it costs, or whether you can do it yourself, this guide has you covered.
Why Third-Party Insurance is Mandatory
Under Nepal’s Motor Vehicles and Transport Management Act 2049, all vehicles must have valid third-party insurance to legally operate on public roads. This policy ensures that if your vehicle causes injury, death, or property damage to others, the insurer covers the victim’s losses. Without it, you risk fines, legal hassles, and even vehicle impoundment during bluebook renewal.
Can You Renew Third-Party Insurance Yourself?
Yes! Renewing your vehicle’s third-party insurance is simple and can be done independently. Many insurance companies allows to online renew by contacting them via whatsapp/viber and their official website without agents or office visits.
Step-by-Step: How to Renew Your Insurance from Home
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Gather Required Documents:
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Vehicle bluebook (pages showing ownership and registration).
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Citizenship certificate or government-issued ID.
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Previous insurance policy (if applicable).
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Visit an Insurance official website:
Many insurance company offer digital renewal services. Visit official website of non-life insurance companies of Nepal. Contact them directly via phone/whats app, viber or you can drop your details through contact form. So they will contact them. -
Fill in Vehicle Details:
Enter your vehicle’s registration number, engine capacity , and owner information. -
Upload Documents:
Submit scanned copies of your bluebook and ID. Ensure images are clear and legible. -
Pay the Premium:
Use secure payment methods like mobile banking, e-wallets, or debit/credit cards. -
Download Your Policy:
Receive a digital copy instantly via email or the portal. Print it or save it on your phone for bluebook renewal.
Pro Tip: Keep a digital backup of your policy—it’s legally valid and saves time during traffic checks.
Third-Party Insurance Costs in Nepal (2024)
Premiums are standardized and depend on your vehicle type:
|
Vehicle Type |
Engine Capacity |
Renew Charge |
|---|---|---|
|
Motorcycle/ Scooter |
Below 150 cc |
1,700–2,200 |
|
150–249 cc |
1,900–2,400 |
|
|
250 cc and above |
2,100–2,600 |
|
|
Cars |
Below 1000 cc |
7,300–7,500 |
|
1000–1600 cc |
8,400–8,600 |
|
|
Above 1600 cc |
10,700–11,000 |
|
|
Electric Vehicles |
Below 20 kW (cars) |
7,300–8,600 |
|
Below 800W (bikes) |
1,700–2,200 |
Note: These are approximate rates. Confirm exact premiums on your insurer’s portal.
Common Mistakes to Avoid
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Expired Documents: Ensure your bluebook and citizenship ID are valid.
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Wrong Vehicle Details: Double-check engine capacity and registration number.
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Ignoring Policy Exclusions: Third-party insurance doesn’t cover:
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Damage to your own vehicle.
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Accidents caused by drunk driving or unlicensed drivers.
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Mechanical breakdowns or wear and tear.
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Why Renew On Time?
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Legal Compliance: Avoid fines (up to NPR 5,000) and bluebook renewal delays.
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Financial Safety: A single accident could cost lakhs in liabilities—insurance shields you.
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Peace of Mind: Drive confidently, knowing you’re protected.
FAQ: Quick Answers
Q: Can I renew insurance if my vehicle is older?
Yes! Age doesn’t affect third-party policy eligibility.
Q: What if I lost my old policy copy?
Contact your insurer with vehicle details to retrieve it.
Q: Is digital insurance valid for bluebook renewal?
Absolutely. Digital policies are legally recognized.
Q: How long does renewal take?
Just 10–15 minutes online.
Renewing third-party insurance in Nepal is no longer a chore. With user-friendly online platforms, you can comply with the law, protect your finances, and skip the paperwork—all from home. Don’t wait until the last minute; mark your renewal date and drive with confidence!
Need Help?
Visit the Insurance Board’s website or contact licensed insurers for clarification. Stay safe, stay insured!
What is Third Party Insurance in Nepal?
Third Party Insurance: (1) In the event of a vehicle accident causing any damage to a third party or any of their property, the owner or manager of the vehicle must insure third party insurance of a specified amount for the purpose of compensating for such loss.
(2) If a third party or any of their property is damaged due to a vehicle accident, their rightful owner shall receive the amount as per sub-section (1) for the compensation of such loss.
(3) According to sub-section (1), if a vehicle driven by a third party or without comprehensive insurance has an accident and any third party or his property is damaged, the insurance amount to be received by the third party or his rightful person as per sub-section (1) shall be paid to their rightful person by the owner or manager of the vehicle. Compensation should be given.
What does third-party insurance cover?
