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, with a network of service outlets across the country.
Neco Insurance is known for its expertise, stability, and strength in the insurance market. Offering a wide range of products and services, the company stands out for its extensive network and efficient claim servicing capabilities. Neco Insurance provides comprehensive insurance solutions under one roof, making it a preferred choice for many customers.
The company is also recognized for its innovation and strong relationships with global reinsurance markets. As the local insurance partner of American International Group (AIG), Neco Insurance continues to deliver exceptional service and coverage to its clients. It is promoted by two large government owned commercial banks namely Rastriya Banijya Bank Limited (RBB) and Agriculture Development Bank Limited, in addition to other private and public companies.
Non-life Insurance Products
Neco Insurance operates its business under several key portfolios, such as:
- Property Portfolio: Covers insurance against damage to property due to fire, explosion, storms, and other risks.
- Motor Portfolio: Includes insurance for loss or damage to motor vehicles, as well as third-party risks, but excludes transit risks.
- Marine Portfolio: Provides insurance against the loss of consignment of goods during transit.
- Engineering Portfolio: Offers insurance that economically safeguards construction projects, installation projects, and machinery.
- Micro Portfolio: Aims to support farmers by offering insurance protection for crops and livestock.
- Aviation Portfolio: Covers losses and liabilities related to aircraft, including passenger injuries and aircraft accidents.
- Cattle and Crop Portfolio: Protects against damage to crops and livestock.
- Miscellaneous Portfolio: Includes insurance for professional indemnities, accidents, medical insurances, and other risks not covered by the above categories.
For more details about their non-life products, you can visit their website: neco.com.np
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 Neco Insurance has shared risk includes:
- Nepal Re, Nepal
- Himalayan Re, Nepal
- Asian Reinsurance Corporation, Bangkok, Thailand
- CICA Re Togo, West Africa
- East Africa Reinsurance Company Ltd, Nairobi, Kenya
- General Insurance Corporation of India (GIC Re), Church Gate, Mumbai
- GIC-Bhutan Reinsurance Company Limited, Thimpu, Bhutan
- Kenya Reinsurance Corporation Ltd, Nairobi, Kenya
- Ocean International Reinsurance Company Ltd, Barbados
- Sirius International, London, UK
- The New India Assurance Company Ltd, Mumbai, India
- TUNE Protect Re, Malaysia
As mentioned above, they also have strategic alliance with American International Group (AIG).
Share Price and Market Analysis
Neco Insurance Limited is listed in the NEPSE share market under the symbol NIL.
For the share price or market analysis along with news of Neco Insurance Ltd. (NIL), you can check: Mero Lagani, Nepse Alpha, Share Sansar
Branches of Neco Insurance
Below are the list of branches of Neco Insurance in various provinces and locations of Nepal.
Koshi Province Branches
| Branch | Address | Phone | |
|---|---|---|---|
| Biratnagar Branch | Near Atithi Sadan, Biratnagar Metropolitan City-07, Morang | 021-511908, 021-574355 | [email protected] |
| Birtamode Branch | Bhadrapur Road, Birtamod Municipality-04, Jhapa, Mechi | 023-530833 | [email protected] |
| Damak Branch | Thana road, Damak, Jhapa | 023-575703 | [email protected] |
| Dharan Branch | Bargachhi, Sunsari, Dharan | 025-531965 | [email protected] |
| Ilam Branch | Ilam Chowk Bazar, Ilam | 027-521923 | [email protected] |
| Inaruwa Sub-Branch | Inaruwa - 01, Sunsari | [email protected] | |
| Itahari Branch | Dharan Road, Itahari Municipality-04, Sunsari | 025-587365, 025-588767 | [email protected] |
| Kakarvita Sub-Branch | Mechinagar - 06, Kakarvitta Bazar | [email protected] | |
| Kanchanbari Sub-Branch | Kanchanbari Chowk, Biratnagar - 03 | 021-466901 | [email protected] |
| Phidim Sub-Branch | Phidim Nagarpalika Ward No.1, Pachthar Koshi Pradesh | 9801918724, 024590139 | [email protected] |
| Ram Bazar Sub-Branch | Siddhicharan Municipality 11, Okhaldhunga | 037-520716 | [email protected] |
Madhesh Province Branches
| Branch | Address | Phone | |
|---|---|---|---|
| Bardibas Sub-Branch | Bardibas, Mahottari | [email protected] | |
| Birgunj Branch | Alakhiya Math, Birgunj Metropolitan City-04, Parsa | 051-525816 | [email protected] |
| Chandrapur Sub-Branch | Chandranigahapur East West Highway, Chandrapur Municipality-04, Rautahat, Narayani | 055-540520 | [email protected] |
| Janakpur Branch | Bahnu Chowk, Kishorinagar, Janakpur | 041-590064 | [email protected] |
| Kalaiya Sub-Branch | Kalaiya, Kalaiya Municipality-03, Bara | 9801839017 | [email protected] |
| Lahan Branch | Laukathadi Chowk, Lahan | 033-565250 | [email protected] |
| Lalbandhi Sub-Branch | Sarlahi, Lalbandhi | 046-501003 | [email protected] |
| Link Road Sub-Branch | Birgunj - 11, Ghantaghar | [email protected] | |
| Rajbiraj Sub-Branch | Rajbiraj, Rajbiraj Municipality-03, Saptari | 9801146597 | [email protected] |
| Simara Sub-Branch | Main Road Jeetpur Bajar, Jeetpur Simara Sub Metropolitan City, Bara | 053-590000 | [email protected] |
Bagmati Province Branches
| Branch | Address | Phone | |
|---|---|---|---|
| Anamnagar Sub-Branch | Anamnagar, Kathmandu Metropolitan City, Kathmandu, Bagmati | 01-4770415 | [email protected] |
| Banepa Branch | Banepa Nepal Telecom, Banepa Municipality-08, Kavrepalanchowk, Bagmati | 011-664044 | [email protected] |
| Baneshwor Branch | New Baneshwor Road, Kathmandu Metropolitan City-10, Kathmandu, Bagmati | 01-4791397 | [email protected] |
| Bhaisepati Sub-Branch | Bhaisepati, Lalitpur | 015909470 | [email protected] |
| Bhaktapur Branch | Suryabinayak, Bhaktapur | 01-6618732 | [email protected] |
| Bharatpur Branch | Sahid Chok, Narayangadh, Chitwan | 056-598132 | [email protected] |
| Boudha Branch | Chuchepati, Kathmandu Metropolitan City-07, Kathmandu, Bagmati | 01-4587813 | [email protected] |
| Charikot Sub-Branch | Bhimsen Municipality - Charikot | 049-421024 | [email protected] |
| Chhetrapati Sub-Branch | Chhetrapati Pipal Bot | 01-5328286 | [email protected] |
| Dhading Sub-Branch | Sitalbajar, Nilkhantha Municipality-03, Dhading, Bagmati | 010-521242 | [email protected] |
| Gongabu Sub-Branch | Gongabu, Kathmandu | 01-4986840 | [email protected] |
| Gwarko Sub-Branch | Gwarko, Lalitpur Metropolitan City, Lalitpur, Bagmati | 01-5204185 | [email protected] |
| Hakim Chowk Sub-Branch | Hakimchowk, Bharatpur Metropolitan City 10, Chitwan | 056-590624 | [email protected] |
| Hattigauda Sub-Branch | Hattigauda, Kathmandu | 01-4267607 | [email protected] |
| Head Office | Gyaneshwor, Kathmandu, Nepal | 01-4542263 | [email protected] |
| Hetauda Branch | Bank Road, Hetauda Sub-Metropolitian City-10, Makwanpur | 057-521828 | [email protected] |
| Jorpati Sub-Branch | Jorpati, Gokarneshwor Municipality, Kathmandu, Bagmati | 01-4917615 | [email protected] |
| Kalanki Sub-Branch | Kalanki, Kathmandu | 01-5224290 | [email protected] |
| Kalimati Branch | Kuleshwor Road, Kathmandu Metropolitan City-14, Kathmandu, Bagmati | 01-5165089 | [email protected] |
| Kamaladi Sub-Branch | Kamaladi, Kathmandu | 01-5350378 | [email protected] |
| Kirtipur Branch | Nagaun Dobato, Kirtipur Municipality-09, Kathmandu, Bagmati | 01-4331098 | [email protected] |
| Lalitpur Branch | Man Bhawan, Lalitpur | 01-5421852 | [email protected] |
| Lazimpat Sub-Branch | Narayanchour, Naxal | 01-4527052 | [email protected] |
| New Road Branch Office | Malla House, New Road, Kathmandu | 01-5367607 | [email protected] |
| Nuwakot Branch | Battar, Nuwakot | 010-561241 | [email protected] |
| Parsa Sub-Branch | Khairahani - 04, Chitwan | 056-560580 | [email protected] |
| Patan Sub-Branch | Lalitpur - 21 | 01-5424015 | [email protected] |
| Sindhuli Sub-Branch | Kamalamai Municipaility 6, Sindhuli | 047-521339 | [email protected] |
| Tandi Sub-Branch | Ratnanagar, Tandi, Chitwan | 056-560580 | [email protected] |
| Thankot Sub-Branch | Thankot, Kathmandu | 01-590299 | [email protected] |
Gandaki Province Branches
| Branch | Address | Phone | |
|---|---|---|---|
| Baglung Sub-Branch | Ramrekha, Baglung | 068-521042 | [email protected] |
| Beshisahar Sub-Branch | Besisahar, Lamjung | [email protected] | |
| Chipledhunga Sub-Branch | Chipledhunga, Pokhara Metropolitan City-04, Kaski, Gandaki | 061-572037 | [email protected] |
| Damauli Branch | Safa Sadak, Damauli | 065-565692 | [email protected] |
| Dumkibas Sub-Branch | Dumkibas, Nawalpur | [email protected] | |
| Gorkha Branch | Bank Road, Gorkha - 06 | [email protected] | |
| Kawasoti Sub-Branch | Kawasoti, Kawasoti Municipality 08, Nawalparasi | 078-540338 | [email protected] |
| Lekhnath Sub-Branch | Lekhnath | 061-591292 | [email protected] |
| Pokhara Branch | New Road, Pokhara Metropolitan City-08, Kaski, Gandaki | 061586556, 061586557 | [email protected] |
| Waling Sub-Branch | Syanja, Waling | 063-441725 | [email protected] |
Lumbini Province Branches
| Branch | Address | Phone | |
|---|---|---|---|
| Amarpath Sub-Branch | Amarpath, Rupandehi | 071-534033 | [email protected] |
| Bardaghat Sub-Branch | Bardaghat, Bardaghat Municipality-04, Nawalparasi, Lumbini | 078-590047 | [email protected] |
| Bhairahawa Branch | Buddha Chowk, Siddhartha Municipality-08, Rupandehi, Lumbini | 071-574204 | [email protected] |
| Butwal Branch | Rajmarg Chauraha, Butwal Municipality-09, Rupandehi, Lumbini | 071-438272, 438276 071-438304 |
[email protected] |
| Chandrauta Sub-Branch | Chandrauta, Shivaraj Municipality 05, Kapilbastu, Lumbini | 076-540529 | [email protected] |
| Dang Branch | Ji. Bi. Sa. Road, Ghorahi Municipality-15, Dang | 082-562813 | [email protected] |
| Gulariya Sub-Branch | Gulariya, Gulariya Municipality-07, Bardiya, Lumbini | 9801821024 | [email protected] |
| Jeetpur Sub-Branch | Badhganga, Jeetpur | 076-550397 | [email protected] |
| Karkando Sub-Branch | Nepalgunj -18, Karkando, Nepalgunj Sub-Metropolitan City, Banke, Bheri | 081-551098 | [email protected] |
| Kohalpur Sub-Branch | Kohalpur, NTV Road, Banke | 081-532759 | [email protected] |
| Lamahi Sub-Branch | Lamahi Nagarpalika Ward no 5, Dang | 082-540899 | [email protected] |
| Manigram Sub-Branch | Tilottama, Manigram Chowk | 071-561642 | [email protected] |
| Nepalgunj Branch | Surkhet Road, Nepalgunj, Banke | 081-411166 | [email protected] |
| Pyuthan Sub-Branch | Jumri, Pyuthan | 086-590591 | [email protected] |
| Sandhikharka Sub-Branch | Sandhikharka, Hall Line | 077-420846 | [email protected] |
| Sunwal Sub-Branch | Sunwal, Chauraha | 078-570447 | [email protected] |
| Tamghas Sub-Branch | Resunga Municipality 01, Tamghas Gulmi, Tamghas, Lumbini | 079-520920 | [email protected] |
| Tansen Branch | Bhagwati Tole, Tansen Municipality-03, Palpa, Lumbini | 075-520914 | [email protected] |
| Taulihawa Sub-Branch | Taulihawa 9, Kapilvastu | 076-590397 | [email protected] |
| Tulsipur Sub-Branch | Pakhapani, Dang | 082-523013 | [email protected] |
Karnali Province Branches
| Branch | Address | Phone | |
|---|---|---|---|
| Dailekh Sub-Branch | Naya Bajar, Narayan Municipality-01, Dailekh, Bheri | 089-590030 | [email protected] |
| Jumla Sub-Branch | Jumla | [email protected] | |
| Salyan Sub-Branch | Shreenagar, Salyan, Sharda Municipality-01, Salyan, Karnali | 088-400147 | [email protected] |
| Surkhet Branch | Jumla Road, Birendranagar, Surkhet | 083-523256 | [email protected] |
Sudurpaschim Province Branches
| Branch | Address | Phone | |
|---|---|---|---|
| Attariya Sub-Branch | Attariya, Godawari Municipality-02, Kailali | 091-590452 | [email protected] |
| Dhangadhi Branch | Mainroad, Dhangadhi, Kailali | 091 - 527101 | [email protected] |
| Lamki Sub-Branch | Lamki Bazar, Lamkichuha, Kailali, Seti | 091-540530 | [email protected] |
| Mahendranagar Branch | Bhimdatta Municipality-18, Kanchanpur | 099-524766 | [email protected] |
Contact Details (Head Office)
Website: neco.com.np
Phone: +977-01-4542263, 01-4526595, 01-4531462
Email: [email protected]
Address: Beema Bhawan, Gyaneshwor, Kathmandu, Nepal
P.O. Box: 12271
If you want to know more details about Neco Insurance Limited, or have some suggestions, you can feel free to write to us.
