Rastriya Beema Company Limited (RBCL), a non-life insurance provider in Nepal, was established by the Government of Nepal on Jestha 28, 2071 BS, after separating it from Rastriya Beema Sansthan. It was separated to solely run the business of non-life insurance, in line with Insurance Act. With over 55 years of experience, company has been…
Founded in 2053 B.S. by prominent industrial and business houses in Nepal, Prabhu Insurance Limited has grown into one of the country’s premier non-life insurance providers. With major shareholdings by Prabhu Group and the Employees’ Provident Fund, the company boasts a paid-up capital exceeding Rs. 1.37 billion. Prabhu Insurance operates through its network of branches…
NLG Insurance Company Limited, a prominent part of National Life and General Insurance (NLGI), was established in 2005 following the separation of its general insurance business in compliance with Nepal’s Insurance Act. Originally incorporated in 1988, NLGI has over three decades of experience in the insurance industry. NLG Insurance is renowned for its prompt claims…
Nepal Insurance Company Limited, established in 1947 as “Nepal Malchalani Tatha Beema Company,” has evolved significantly over the decades. Renamed “Nepal Insurance & Transport Company Limited” in 1959 and finally adopting its current name in 1991, this company holds the distinction of being Nepal’s first insurance provider. Incorporated in 1994 under the Company Act 2021…
Neco Insurance Limited is a trusted and established general insurance company in Nepal. Founded on December 16, 1994, and registered under the Companies Act, Neco Insurance began its operations on May 30, 1996, after receiving a license from Insurance Board of Nepal (Now Nepal Insurance Authority). The company’s head office is located in Gyaneshwor, Kathmandu,…
National Insurance Company Limited (NICL) is a leading public sector non-life insurance provider in India, established in 1906 and headquartered in Kolkata. National Insurance has been a trusted name in Nepal since 1959, initially operating under Rubi General Insurance & Hindustan General Insurance. After nationalization in India, NICL officially registered with Beema Samiti in 1974…
IGI Prudential Insurance Limited, formed from the merger of IME General Insurance Limited and Prudential Insurance Company Ltd, commenced operations on May 10, 2023. At the time, it was the fastest to finish the merger process among the companies in insurance industry of Nepal. With a paid-up capital of NPR 3029.33 million, it held the…
Himalayan Everest Insurance Limited, with over 30 years of expertise, is a prominent general insurance provider in Nepal. In 2022, Himalayan General Insurance merged with Everest Insurance, marking the country’s first-ever insurance industry merger. This strategic unification has bolstered their market presence, risk capacity, and product offerings, making them a leader in the sector. The…
Himalayan Reinsurance Limited is the second reinsurance company in Nepal, providing support to Life and General Insurance companies domestically and internationally. Shortly, it is known as Himalayan Re. It got established on 6th June 2021 under the Companies Act 2063 with headquarter in Kathmandu. It received its reinsurance license from Nepal Insurance Authority (then Insurance…
Nepal Re-Insurance Company Limited, the first of its kind in Nepal, traces its origins to an insurance pool created in 2003 to address property damage caused by the Maoist insurgency. During this tumultuous period, foreign reinsurance companies were reluctant to provide coverage, leading non-life insurance companies in Nepal to form a domestic insurance pool to…
