Sanima GIC Insurance

Sanima GIC Insurance Limited, established through the merger of Sanima General Insurance Limited and General Insurance Company Nepal Limited, began its consolidated operations on October 24, 2022. This newly formed entity boasts over 400 staff members and more than 50 branches across Nepal, aiming to enhance its services and fulfill stakeholder expectations.

The company places a strong emphasis on transparency, continuous innovation, and customer-centricity. Sanima GIC Insurance is dedicated to delivering superior customer value, driven by an experienced and motivated team committed to providing innovative and quality services. The company focuses on designing new products, exploring market needs, and implementing business solutions that prioritize customer interests.

Sanima GIC Insurance’s vision is to become the leading insurance company in Nepal, offering unmatched quality through innovative products and exceptional customer service. Its mission includes designing products and processes tailored to client needs, making decisions that ensure shareholder profitability, and maintaining transparent communication. Sanima GIC Insurance is devoted to making life safer and more affordable for everyone, with a relentless focus on progress and customer empowerment.

Non-life Insurance Products

Sanima GIC Insurance offers a comprehensive range of non-life insurance services designed to meet various customer needs. Some of its products include:

• Motor Insurance provides coverage for loss and damage due to fire, accidental damage, natural disasters, theft, and third-party liability. Additional protection can be extended for riots, strikes, malicious acts, and terrorism.
• Property Insurance covers loss and damage caused by fire, lightning, earthquakes, floods, landslides, and more. The policy can also be extended to cover riots, strikes, malicious acts, and terrorism.
• Marine Insurance offers coverage for imports and exports, protecting property during transit from the origin warehouse to the final destination. Coverage varies based on policy clauses, including cargo shipment, inland dispatches, and claims against carriers.
• Travel Insurance covers medical and non-medical emergencies during a fixed-duration trip, including medical expenses, personal liability, loss of passport, travel delays, and checked baggage delays.
• Accidental and Medical Insurance includes coverage for minor and major accidents, temporary disabilities, and medical expenses, providing financial protection against unexpected medical costs.
• Miscellaneous Insurance encompasses a variety of risks such as personal accident insurance, fidelity insurance, travel medical insurance, burglary and housebreaking, group personal accident, cash in transit, money insurance, professional indemnity, and more.
• Cattle and Crops Insurance provides coverage for agricultural activities, protecting against damage caused by fire, earthquakes, floods, soil erosion, lightning, insects, and diseases.
• Engineering Insurance covers unforeseen losses to civil engineering works, including construction and erection of structures like roads, bridges, hydro power plants, and more. Specific policies include Electronic Equipment Insurance, Contractors All Risk, Contractor’s Plant and Machinery, Erection All Risk, and Marine Cum Erection.

For more details about their non-life products, you can visit their website: sgic.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 Sanima GIC includes:

• Nepal Re
• Himalayan Re
• CICA Re
• GIC Bhutan Reinsurance Co. Ltd
• GIC Re India
• Hannover Ruckversincherung
• Kenya Re
• Siris International
• Trust Re
• Tunis Re

Share Price and Market Analysis

Sanima GIC Insurance Limited is listed in the NEPSE share market under the symbol SGIC.

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

Branches of Sanima GIC

Below are the list of branches of Sanima GIC Insurance in various provinces and locations of Nepal.

Contact Details (Head Office)

Website: sgic.com.np
Phone: +977-01-4527170, 4527171, 4527172, 4527101
Email: [email protected]
Address: 205 Tangal Marg, Kathmandu, Nepal

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