Nepal Insurance Company Limited is the pioneer (first) non-life/general insurance company of Nepal, established in 1947 and promoted by Nepal Bank Limited.
55
Branches
—
ATMs
11
Products
Asar 2083
Effective
All policies & details (11)
Agriculture & Livestock Insurance
Agriculture
Government-subsidised cover for crops, fruits, vegetables, fish, cattle, birds and bees against natural disasters and disease. Operating since Magh 2069 (Jan 2013).
Sum insured
Rs 10 crore
Policy term
1 yrs
Annual premium
Rs 25,000/yr
Annual premium: Premium heavily subsidised by Government of Nepal: 80% subsidy for sum insured up to Rs 50 lakh, 65% for Rs 50 lakh-1 crore, 50% above Rs 1 crore; farmer pays only the residual premium
Government-subsidised cover for crops, fruits, vegetables, fish, cattle, birds and bees against natural disasters and disease. Operating since Magh 2069 (Jan 2013).
Riders: Transit cover for livestockAdditional disease cover
Plan details
Exclusions: Pre-existing disease in livestock, loss due to negligence/poor husbandry, war, willful slaughter, losses outside insured perils
Aviation Insurance
Aviation
Covers claims arising from aircraft ownership, maintenance or use - hull damage plus passenger, public and third-party liability.
Policy term
1 yrs
Annual premium: Premium individually rated on hull value, liability limits, aircraft type and usage; large commercial risks often reinsured
Covers claims arising from aircraft ownership, maintenance or use - hull damage plus passenger, public and third-party liability.
Riders: War, hijacking and allied perils (LSW555 type)Spares and equipment coverLoss of licenceIncreased liability limits
Plan details
Exclusions: War and hijacking (unless extended), wear and tear, mechanical breakdown not arising from a covered peril, unlicensed operation, flight outside permitted limits
Suite covering construction and erection projects, machinery and electronic equipment: Contractor All Risk (CAR), Erection All Risk (EAR), Machinery Breakdown, Electronic Equipment Insurance and Contractor Plant & Machinery.
Policy term
1 yrs
Annual premium: CAR/EAR premium rated on full contract value (including materials, wages, freight, customs); machinery/EEI rated on replacement value of insured items
Suite covering construction and erection projects, machinery and electronic equipment: Contractor All Risk (CAR), Erection All Risk (EAR), Machinery Breakdown, Electronic Equipment Insurance and Contractor Plant & Machinery.
Riders: Third-party liability extensionSurrounding property coverMaintenance period extensionEarthquake/flood extension
Plan details
Exclusions: Wear and tear, normal maintenance, consequential loss, faulty design (in some sections), war and nuclear risks, gradual deterioration
Home / Householder Insurance
Fire / Property
Package property insurance for private residences combining building and contents cover plus householder liability, at lower premium rates than standard fire policies (residential use only).
Sum insured
Rs 5 lakh – Rs 5 crore
Policy term
1 yrs
Annual premium
Rs 0.75 / 1,000
Annual premium: Householder tariff lower than standard fire; broadly ~Rs 0.40-1.00 per 1,000 sum insured on building+contents
Package property insurance for private residences combining building and contents cover plus householder liability, at lower premium rates than standard fire policies (residential use only).
Riders: Burglary and theft of contentsEarthquake extensionPersonal accident for family members
Plan details
Exclusions: Properties used for any commercial purpose, contents in open, gradual deterioration, war and nuclear risks
Property (Fire) Insurance
Fire / Property
Standard fire and allied perils cover for office/residential/factory buildings, plant, machinery and equipment. Premium rate set by NIA tariff on construction class, commodity and occupancy type.
Sum insured
Rs 5 lakh – Rs 100 crore
Policy term
1 yrs
Annual premium
Rs 0.85 / 1,000
Annual premium: Rs 50,00,000 building, standard (non-hazardous) occupancy. Tariff rate ~Rs 0.85 per 1,000 sum insured (NIA fire tariff band Rs 0.5-2 per 1,000 by construction/occupancy class) -> ~Rs 4,250/yr. Derived from standard fire tariff.
Standard fire and allied perils cover for office/residential/factory buildings, plant, machinery and equipment. Premium rate set by NIA tariff on construction class, commodity and occupancy type.
Exclusions: Buildings under construction, goods stored in open, flood from internal water apparatus overflow or poor drainage, boiler/steam apparatus explosion, smoke from normal heating/cooling operations, war and nuclear risks
Health / Group Medical Insurance
Medical / Health
Hospitalisation and medical/surgical expense cover (individual and group). Offered under the Miscellaneous portfolio covering hospitalization, medicines, consumables and diagnostics.
Sum insured
Rs 25,000 – Rs 10 lakh
Policy term
1 yrs
Annual premium
Rs 15 / 1,000
Annual premium: 30-day worldwide adult trip, outbound travel medical cover. Representative ~Rs 1,500-2,500 based on Nepali non-life travel/overseas mediclaim pricing. Derived market benchmark, not a quoted Nepal Insurance rate.
Hospitalisation and medical/surgical expense cover (individual and group). Offered under the Miscellaneous portfolio covering hospitalization, medicines, consumables and diagnostics.
Covers loss or damage to cargo and goods in transit by sea, inland waterway, road, rail or air between origin and destination. Uses Institute Cargo Clauses (ICC) and Inland Transit Clauses (ITC).
Policy term
1 yrs
Annual premium: Cargo premium rated as a percentage of consignment value by route, commodity and ICC clause; typically a fraction of 1% per shipment
Covers loss or damage to cargo and goods in transit by sea, inland waterway, road, rail or air between origin and destination. Uses Institute Cargo Clauses (ICC) and Inland Transit Clauses (ITC).
Riders: War risk extensionStrikes, riots and civil commotion (SRCC)Theft, pilferage and non-deliveryRefrigeration/temperature cover
Plan details
Exclusions: Inherent vice, ordinary wear and tear, insufficient packing, willful misconduct of insured, delay, ordinary leakage, war/strikes unless extended
Cyber Insurance Policy
Micro
Claims-made policy helping organisations manage financial loss, legal liability and operational disruption from cyber incidents such as hacking, data breaches and system failures.
Policy term
1 yrs
Annual premium: Premium rated on revenue, data volume and selected indemnity limit; individually quoted
Claims-made policy helping organisations manage financial loss, legal liability and operational disruption from cyber incidents such as hacking, data breaches and system failures.
Riders: Business interruption extensionCyber extortion / ransomwareRegulatory fines and penalties
Plan details
Exclusions: Prior known incidents, war/cyber-terrorism (unless extended), bodily injury/property damage, fraudulent acts by insured, infrastructure failure outside insured's control
Portfolio of accident and liability covers: Personal Accident (PA/GPA), Burglary, Cash-in-Transit, Fidelity Guarantee, Bankers Indemnity, Public/Product/Professional Liability.
Policy term
1 yrs
Annual premium: Rs 1,00,000 sum insured, 30-year adult individual. Representative/derived from Nepali market mediclaim rates (govt NHIP benchmark ~Rs 3,500 per Rs 1,00,000 for a family; private individual adult ~Rs 4,000-6,000). Not a quoted Nepal Insuranc
Portfolio of accident and liability covers: Personal Accident (PA/GPA), Burglary, Cash-in-Transit, Fidelity Guarantee, Bankers Indemnity, Public/Product/Professional Liability.
Exclusions: Willful acts of insured, pre-existing conditions (PA), war/nuclear, consequential loss, dishonesty discovered after policy expiry beyond limit
Motor Insurance (Private Car / Two-Wheeler / Commercial)
Motor
Comprehensive and third-party motor cover for private cars, two-wheelers and commercial vehicles. Premium is tariff-based on declared value, engine capacity (CC) and vehicle age per the NIA Motor Insurance Tariff Directive 2073.
Sum insured
Rs 2 lakh – Rs 2 crore
Policy term
1 yrs
Annual premium
Rs 8.4 / 1,000
Annual premium: Comprehensive ~0.84-1.12% of declared vehicle value (0.84% up to Rs 20 lakh, 1.12% above) + flat service charge Rs 3,000-6,000 by CC band; EV 0.63-0.84%; +10% loading for vehicles older than 10 years; minimum own-damage premium Rs 2,000
Comprehensive and third-party motor cover for private cars, two-wheelers and commercial vehicles. Premium is tariff-based on declared value, engine capacity (CC) and vehicle age per the NIA Motor Insurance Tariff Directive 2073.
Riders: Personal accident cover for owner-driverPassenger/occupant PA coverTowing/extra accessories coverEnhanced third-party liability
Plan details
Exclusions: Wear and tear, mechanical/electrical breakdown, depreciation, driving without valid licence, drunk driving, use outside permitted geographical area, consequential loss, war/nuclear risks
Travel Medical Insurance (Overseas Mediclaim)
Travel
Covers medical expenses and emergency evacuation for individuals travelling abroad, offered under the Miscellaneous portfolio.
Sum insured
Rs 65 lakh – Rs 1 crore
Policy term
1 yrs
Annual premium: 30-day worldwide adult trip, outbound travel medical cover. Representative ~Rs 1,500-2,500 based on Nepali non-life travel/overseas mediclaim pricing. Derived market benchmark, not a quoted Nepal Insurance rate.
Covers medical expenses and emergency evacuation for individuals travelling abroad, offered under the Miscellaneous portfolio.
Exclusions: Pre-existing conditions, travel against medical advice, hazardous sports unless covered, claims within home country, self-inflicted injury, war/terrorism in excluded zones
About Nepal Insurance
Nepal Insurance Company Limited was founded in 1947 AD, originally as "Nepal Malchalani Tatha Beema Company," renamed "Nepal Insurance & Transport Company Ltd." in 1959 and adopting its present name in 1991. It is promoted by Nepal Bank Limited (Nepal's first commercial bank) along with the general public, with backing associated with Asian Life Insurance Co. Ltd. The company operates through 55 branches across Nepal with more than 300 trained staff. It is associated with leading global reinsurers, with Hannover Ruck (Germany) as consortium lead.
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.
