National Insurance Nepal is the foreign (Nepal) branch of National Insurance Company Limited (India), a public-sector general (non-life) insurer offering motor, property, marine, engineering, health and miscellaneous insurance.
6
Branches
—
ATMs
9
Products
Asar 2083
Effective
All policies & details (9)
Engineering Insurance
Engineering
Suite of engineering covers: project policies — Contractors All Risk (CAR) and Erection All Risk (EAR); and annual policies — Machinery Breakdown, Machinery Loss of Profit, Electronic Equipment, Contractors Plant & Machinery, and Boiler & Pressure Plant insurance.
Policy term
1 yrs
Annual premium: Rate set on a risk basis by project value, contract period, type of works/machinery and testing exposure — tariff/quotation-based, not published. CAR/EAR premiums run for the construction/erection period; annual policies are 12-month.
Suite of engineering covers: project policies — Contractors All Risk (CAR) and Erection All Risk (EAR); and annual policies — Machinery Breakdown, Machinery Loss of Profit, Electronic Equipment, Contractors Plant & Machinery, and Boiler & Pressure Plant insurance.
Riders: Third-Party LiabilityDelay in Start-Up (DSU)Professional IndemnityMaintenance/defects-liability period extension
Plan details
Exclusions: Wear, tear and gradual deterioration; faulty design (where excluded); consequential loss beyond DSU; war and nuclear risks; normal maintenance costs; penalties for delay.
Burglary Insurance
Fire / Property
Burglary and housebreaking insurance covering loss of or damage to property (stock, contents, valuables) following forcible and violent entry/exit, plus damage to premises during the attempt.
Policy term
1 yrs
Annual premium: Tariff/risk-rated by sum insured, nature of property and security arrangements; rate not published. Typically a small per-thousand rate on the sum insured.
Burglary and housebreaking insurance covering loss of or damage to property (stock, contents, valuables) following forcible and violent entry/exit, plus damage to premises during the attempt.
Riders: Riot, strike and malicious damage extension
Plan details
Exclusions: Theft without forcible/violent entry; losses involving the insured or family/employees; war, riot and civil commotion (unless added); consequential loss; goods held in trust unless declared.
Cash in Transit Policy
Fire / Property
Money insurance covering loss of cash in transit between premises and bank, money on premises during business hours, and money in locked safes/strong rooms outside business hours, plus damage to safes from theft attempts.
Policy term
1 yrs
Annual premium: Rated on annual cash carryings/estimated transit turnover and single-transit limit; tariff not published. Premium typically a percentage rate applied to annual estimated money in transit.
Money insurance covering loss of cash in transit between premises and bank, money on premises during business hours, and money in locked safes/strong rooms outside business hours, plus damage to safes from theft attempts.
Plan details
Exclusions: Cash shortages from error or omission; cash entrusted to unauthorised persons; loss involving the insured/staff except employee fraud discovered within 48 hours; loss due to riot, civil commotion or terrorism.
Property / Fire Insurance
Fire / Property
Standard fire and allied perils policy covering residential and commercial buildings (godowns, factories, shops, hotels, schools) and contents (furniture, fixtures, machinery, stock). A Loss of Profit (Business Interruption) cover is available for gross revenue/profit loss and increased cost of working during disruption.
Policy term
1 yrs
Annual premium
Rs 0.75 / 1,000
Annual premium: Rs 50,00,000 standard-occupancy dwelling building at ~Rs 0.75 per thousand, per Nepal Property Insurance Tariff 2076. Derived figure.
Standard fire and allied perils policy covering residential and commercial buildings (godowns, factories, shops, hotels, schools) and contents (furniture, fixtures, machinery, stock). A Loss of Profit (Business Interruption) cover is available for gross revenue/profit loss and increased cost of working during disruption.
Riders: Loss of Profit / Business Interruption (loss of gross revenue + increased cost of working)Earthquake shock add-onSTFI (storm, tempest, flood, inundation)
Plan details
Exclusions: War and nuclear perils; wear and tear; spontaneous combustion/inherent defect; consequential loss (unless covered under Loss of Profit add-on); under-insurance subject to average clause.
National Group Mediclaim Insurance
Medical / Health
Group hospitalisation (mediclaim) policy reimbursing in-patient and day-care treatment costs (allopathy, Ayurveda, homeopathy) for illness or injury during the policy period. Offered to groups/employers.
Policy term
1 yrs
Annual premium: Rs 1,00,000 sum insured, 30-year adult individual mediclaim. Derived/benchmarked from Nepal NHIP (Rs 3,500 per Rs 1,00,000 community rate) scaled to private individual cover.
Group hospitalisation (mediclaim) policy reimbursing in-patient and day-care treatment costs (allopathy, Ayurveda, homeopathy) for illness or injury during the policy period. Offered to groups/employers.
Income-protection accident policy paying benefits for accidental death, permanent total/partial disability and temporary total disability (weekly compensation). Available as individual or group policies; group cover may earn size-based discounts.
Policy term
1 yrs
Annual premium: Premium based on occupation/risk class and sum insured (linked to insured's income); tariff not published. Group policies eligible for discounts by group size.
Income-protection accident policy paying benefits for accidental death, permanent total/partial disability and temporary total disability (weekly compensation). Available as individual or group policies; group cover may earn size-based discounts.
Riders: Medical expenses extensionWeekly compensation / temporary disability benefit
Plan details
Exclusions: Intentional self-harm; civil or foreign war; injury under influence of alcohol/drugs; violent public disturbance; military/paramilitary/police duty; hazardous/unsafe sports; pre-existing conditions; pregnancy-related claims.
Marine Insurance
Marine
Marine cargo and hull cover offered as Open Cover (12-month framework for many shipments), Open Policy (12-month policy with large declared sum insured on reducing-balance), or Specific Policy (single voyage). Covers hull, cargo, freight, general average and P&I liability.
Policy term
1 yrs
Annual premium: Rate depends on terms of cover (Basic Cover vs All Risk Cover under ICC A/B/C), commodity, packing, route and conveyance — tariff/risk-based, not a fixed amount. War & SRCC (import/export) and SRCC (inland transit) available for additional premium.
Marine cargo and hull cover offered as Open Cover (12-month framework for many shipments), Open Policy (12-month policy with large declared sum insured on reducing-balance), or Specific Policy (single voyage). Covers hull, cargo, freight, general average and P&I liability.
Exclusions: Wilful misconduct of the assured; ordinary leakage/wear; improper or insufficient packing; inherent vice; loss caused by rats and vermin; delay; war and SRCC unless added.
Motor / Vehicle Insurance
Motor
Vehicle insurance offered in three forms: Liability Only (third-party), Own Damage Only, and Comprehensive (combines both). Comprehensive covers accidental damage, fire, theft, riot/strike, malicious/terrorist acts, earthquake, flood and transit. Mandatory third-party liability under the Motor Vehicles Act. Premiums follow the NIA Motor Insurance Tariff Guideline 2073.
Policy term
1 yrs
Annual premium
Rs 8.7 / 1,000
Annual premium: Private car comprehensive on Rs 15,00,000 vehicle, 1000-1600cc: own-damage 0.87% (~Rs 13,050) + third-party + Rs 4,000 service charge, per Motor Insurance Tariff Guideline 2073. Derived figure.
Vehicle insurance offered in three forms: Liability Only (third-party), Own Damage Only, and Comprehensive (combines both). Comprehensive covers accidental damage, fire, theft, riot/strike, malicious/terrorist acts, earthquake, flood and transit. Mandatory third-party liability under the Motor Vehicles Act. Premiums follow the NIA Motor Insurance Tariff Guideline 2073.
Riders: Personal accident cover for owner-driver and occupantsTowing/transit coverage
Plan details
Exclusions: Wear and tear and mechanical/electrical breakdown; consequential loss; driving without valid licence or under influence of alcohol/drugs; war and nuclear risks; contractual liability; use of vehicle outside policy limitations.
Overseas Mediclaim Insurance
Travel
Travel medical insurance covering sudden sickness or accident while the insured is outside Nepal. Plans for Business & Holiday, Employment & Study, and Corporate Frequent Traveller categories.
Sum insured
Rs 66.5 lakh – Rs 6.65 crore
Policy term
1 yrs
Entry age
0–70 yrs
Annual premium: 30-day worldwide adult trip. Derived market estimate; not a quoted NIC Nepal rate.
Travel medical insurance covering sudden sickness or accident while the insured is outside Nepal. Plans for Business & Holiday, Employment & Study, and Corporate Frequent Traveller categories.
Plan details
Exclusions: Pre-existing diseases (known and unknown); travel against medical advice or for the purpose of obtaining treatment; military/naval/air-force operations; suicide, self-injury, mental disorders, alcoholism, drug abuse, HIV-related illness; winter sports, mountaineering and adventure sports.
About National Insurance
National Insurance Company Limited was incorporated in Kolkata, India on December 5, 1906, making it India's oldest general insurance company; following the 1972 General Insurance Business Nationalisation Act it merged with 32 other companies under GIC and became an independent public-sector non-life insurer (regulated by India's Ministry of Finance) on August 7, 2002. Its operations in Nepal began in 1959 under the earlier names Rubi General Insurance and Hindustan General Insurance before integrating into National Insurance after 1972, and it now operates as a foreign branch in Nepal. In Nepal it runs 6 main branches (two in Kathmandu, plus Birgunj, Biratnagar, Pokhara and Nepalganj) along with sub-branches and rural/counter offices, with an investment base reported at more than NPR 200 crore. The parent's India network spans roughly 1,730 offices with over 13,000 employees and 50,000+ agents.
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.
