IGI Prudential Insurance

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 highest capital among general insurance companies in Nepal. The company is backed by prominent industrialists and businesses from sectors like banking, trading, energy, and tourism.

IGI Prudential is committed to offering reliable general insurance services with a focus on quality, stability, and expertise. The company aims to provide innovative products tailored to market needs, ensuring long-term value for stakeholders through robust business practices and adherence to core values. Their mission is to deliver comprehensive insurance solutions that safeguard individuals, businesses, and communities from unexpected risks. They prioritize customer satisfaction by offering personalized service, innovative products, and transparent operations.

The company’s vision is to create a secure future for its policyholders and the communities it serves. It focuses on risk management, providing coverage for property damage, liability claims, accidents, and natural disasters. IGI Prudential aims to enhance customer satisfaction through quality service, quick claims processing, and fair settlements. The company also seeks growth by expanding its market presence, introducing new insurance products, and entering new regions. Additionally, it emphasizes regulatory compliance and ethical operations to maintain public trust. By investing in new technologies and adapting to market trends, IGI Prudential aims to stay ahead and meet evolving customer needs.

Non-life Insurance Products

Some of the types of general insurance plans or policies offered by IGI Prudential Insurance includes:

• Property Insurance
• Marine Insurance
• Motor Insurance
• Auto Plus Insurance (with additional coverage on top of conventional motor insurance)
• Student Insurance
• Health Insurance
• Medical Insurance
• Micro Insurance
• Engineering Insurance
• Agriculture Insurance
• Aviation Insurance

For more details about their non-life products, you can visit their website: igiprudential.com

Reinsurance Support

Idea of insurance is to distribute risk. Therefore, insurance companies further reinsure themselves and transfer their risk. Prominent local and international insurer/reinsurer with whom IGI Prudential Insurance has shared risk includes:

• Nepal Re
• Himalayan Re
• Abu Dhabi National Insurance Company P.J.S.C.
• ACE American Insurance Company
• Asian Reinsurance Corporation
• Best Meridian International Insurance Company SPC
• Chubb European Group SE
• Chubb Insurance Australia Ltd.
• Compagnie Commune de Réassurance des Etats Membres de La (CICA-RE)
• East Africa Reinsurance Company Ltd.
• General Insurance Corporation of India (GIC)
• GIC Bhutan Reinsurance Co. Ltd.
• Hannover Re
• ION Insurance Group, S.A. (ION)
• Kenya Reinsurance Corporation Limited
• Klapton Reinsurance Company K.S.C.P.
• Kuwait Reinsurance Company K.S.C.P.
• Liberty Mutual Holding Company Inc.
• Ocean International Reinsurance Co. Ltd.
• Oman Reinsurance Company SAOG
• Premier Insurance Co. Ltd.
• PT Asuransi Buana
• Royal Insurance Corporation of Bhutan Limited
• Tata AIG General Insurance Company Limited
• The New India Assurance Company Limited
• The Oriental Insurance Co. Ltd.
• WAICA Reinsurance Corporation PLC

Share Price and Market Analysis

IGI Prudential Insurance Limited is listed in the NEPSE share market under the symbol IGI.

For the share price or market analysis along with news of IGI Prudential Insurance Ltd. (IGI), you can check: Mero Lagani, Nepse Alpha, Share Sansar

Branches of IGI Prudential Insurance

Below are the list of branches of IGI Prudential Insurance in various provinces and locations of Nepal.

Contact Details (Head Office)

Website: igiprudential.com
Phone: +977-01-4511510, 4511520, 4525508, 4525509 Toll Free: 16600179353
Email: [email protected]
Address: Narayanchaur, Naxal, Kathmandu, Nepal
P.O. Box: 1746

If you want to know more details about IGI Prudential Insurance Limited, or have some suggestions, you can feel free to write to us.