Siddhartha Premier Insurance

Headquartered in Babarmahal of Kathmandu, Siddhartha Premier Insurance Limited is a trusted name in non-life insurance, formed from the merger of Siddhartha Insurance Limited and Premier Insurance Co. (Nepal) Limited. Siddhartha Insurance was established on April 14, 2006 while Premier Insurance was established even earlier in May 12, 1994. This brings together over 30 years of industry experience in the table. With official beginning of joint operations on March 1, 2023, this new entity merges the strengths and legacies of both predecessors to offer reliable insurance solutions.

The company’s mission is to provide insurance services promptly, with integrity and a strong commitment to excellence. Siddhartha Premier Insurance is dedicated to serving its diverse clientele, which includes airlines, banks, schools, hotels, industries, finance companies, construction companies, automobiles, media and publications, hospitals, departmental stores, travel and trek, and other sectors. This wide-ranging client base reflects the company’s ability to cater to varied needs with tailored insurance solutions.

With a vision to be the first choice for non-life insurance, Siddhartha Premier Insurance aims to offer secure and dependable coverage. The company’s core values emphasize integrity, passion, responsiveness, teamwork, and continuous improvement. Integrity drives the company’s commitment to honesty and transparency in every interaction. The employees are passionate about delivering exceptional service, quickly addressing customer needs, and adapting to changing market conditions. Teamwork is essential in achieving shared objectives, and a dedication to constant improvement ensures that the company continually evolves and enhances its offerings.

Non-life Insurance Products

Siddhartha Premier Insurance offers a wide range of insurance services designed to meet diverse needs, some of which includes:

• Machinery Breakdown Insurance: Covers mechanical or electrical breakdowns and defects in machinery and plants.
• Engineering Insurance: Provides coverage for accidental damage to civil engineering projects and third-party liabilities.
• Bankers Indemnity Insurance: Protects against loss of money or securities, including theft and dishonest employee acts.
• Cash in Transit & In Safe Insurance: Covers loss of money during transit and while in safes.
• Electronic All Risk Insurance: Safeguards electronic equipment against accidental damage and theft.
• Marine and Cargo Insurance: Offers protection for goods during shipping by land, sea, or air.
• Property Insurance: Protects properties from various risks including fire, theft, and natural calamities.
• Agriculture, Livestock & Herbs Insurance: Provides coverage for crops, livestock, and herbs against various risks.
  • Family Floater Plans: Extends coverage to the entire family.
  • Critical Illness Coverage: Offers financial support for major health challenges.
• Student Medical Insurance: Coverage for medical expenses for students.
• International Travelers Medical Insurance: Covers medical emergencies, loss of baggage, and third-party liabilities for international travelers.
• Burglary & House Breaking Insurance: Protects against loss or damage from burglary and house-breaking.
• Personal Accident Insurance: Covers financial loss from accidents leading to death or disablement.
• Fidelity Guarantee Insurance: Provides indemnity for financial losses due to employee dishonesty.
• Group cum Family Hospitalization Insurance: Reimburses hospitalization expenses for both individuals and families.
• Medi Health Insurance: Comprehensive health coverage including hospitalization and critical illness.

For more details about their non-life products, you can visit their website: siddharthapremier.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 Siddhartha Premier Insurance includes:

• Nepal Re
• Himalayan Re
• Active Capital Reinsurance Ltd.
• Asian Reinsurance Corporation
• Best Meridian International Insurance Company
• Compagnie Commune de Reassurance des Etats Membres de la CIMA (CICA Re)
• East Africa Reinsurance Co. Ltd.
• General Insurance Corporation of India
• GIC Bhutan Reinsurance Limited
• Hannover Re
• Kenya Reinsurance Corporation Ltd.
• New India Assurance Company Limited
• Société Tunisienne de Réassurance (Tunis Re)

Share Price and Market Analysis

Siddhartha Premier Insurance Limited is listed in the NEPSE share market under the symbol SPIL.

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

Branches of Siddhartha Premier Insurance

Below are the list of branches of Siddhartha Premier Insurance in various provinces and locations of Nepal.

Contact Details (Head Office)

Website: siddharthapremier.com.np
Phone: +977-01-5705766, 5707190, 5705447
Email: [email protected]
Address: Siddhartha Premier Bhawan, Hanumansthan, Babarmahal, Kathmandu, Nepal
P.O. Box: 24876

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