NLG Insurance

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 service, extensive product range, and a large network that caters to individual and corporate clients, including business corporations, government offices, development organizations, and individual customers. The company’s customer-driven service packages, personalized service delivery, and technology-focused operations provide unparalleled value. NLG Insurance’s lead reinsurer is the globally renowned Hannover Re. Its strategic stakeholders include National Life Insurance Company Limited and Rastriya Banijya Bank.

Non-life Insurance Products

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

• Property Insurance: Covers valuable properties like buildings, machines, furniture, and stock, requiring careful planning and protection.
• Motor Insurance Policy: Offers coverage for private and public vehicles used for commuting and professional purposes.
• Home Insurance: Provides insurance for residential buildings, apartments, temples, and places of meditation, with coverage up to Rs. 2 crore.
• Travel Medical Insurance: Available for Nepalese citizens traveling abroad for business or leisure, and foreign nationals.
• Marine Cargo Insurance: Protects cargo while it’s on high seas until it lands safely.
• Engineering Insurance: Covers heavy investments in plant and machinery, beyond fire policy coverage.
• Contractors’ All Risk: Designed to protect contractors, principals, sub-contractors, and lenders during construction projects.
• Accidental Insurance: Offers coverage for accidental injury and death, available for individuals and groups.
• Miscellaneous Insurance: Provides various products to protect different aspects of life and business interests.
• Agriculture Insurance: Covers various agricultural activities like livestock, poultry, fish, paddy, and vegetables.
• Micro Insurance: Ensures low-income individuals can protect themselves through affordable insurance options.
• Aviation Insurance: Provides coverage for aviation-related risks, especially crucial in a country with challenging terrain.
• Medical Insurance: Reimburses medical expenses arising from accidental injuries and illnesses for insured persons.
• Money Insurance Policy: Covers money handled by businesses in various forms, including cash, cheques, and bank drafts.

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

Reinsurance Support

Idea of insurance is to distribute risk. Therefore, insurance companies further re-insure themselves and transfer their risk. Some of the prominent local and international reinsurance partners of NLG Insurance Company includes:

• Nepal Re
• Himalayan Re
• Hannover Re

Share Price and Market Analysis

NLG Insurance Company Limited is listed in the NEPSE share market under the symbol NLG.

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

Branches of NLG Insurance

Below are the list of branches of NLG Insurance company in various provinces and locations of Nepal.

Contact Details (Head Office)

Website: nlgi.com.np
Phone: +977- 01-4542646, 01-4006648
Email: [email protected]
Address: Lazimpat, Kathmandu, Nepal

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