Est. 1956 (2014 BS · Sunrise Bizz Park, 1st Floor, Charkhal, Dillibazar, Kathmandu, Nepal (P.O. Box 165) ·
The Oriental Insurance Company Ltd. (Nepal) is the Nepal country-branch of India's state-owned public-sector general insurer, operating in Nepal since 1956 and offering a full range of non-life (general) insurance products.
8
Branches
—
ATMs
8
Products
Asar 2083
Effective
All policies & details (8)
Aviation Insurance (Aircraft Hull & Liability)
Aviation
Covers aircraft hull and spares, aviation liability, crew personal accident and loss of licence for operators.
Policy term
1 yrs
Annual premium
Rs 0.75 / 1,000
Premium term
Annual
Annual premium: Rs 10,00,000 sum insured, standard marine cargo. Rate ~Rs 0.75 per 1,000 x 10,00,000 = Rs 750 per consignment/voyage. Marine is rate-based; actual rate varies by cargo, route and packing.
Covers aircraft hull and spares, aviation liability, crew personal accident and loss of licence for operators.
Riders: Hull war and allied perilsIncreased liability limitsSpares / equipment extension
Plan details
Exclusions: Wear and tear and progressive deterioration, operations outside agreed geographical/usage limits, unlicensed crew, war/hijack unless specifically covered, nuclear risks.
Suite of engineering covers for construction and erection projects, machinery and electronic/industrial equipment, including Contractor All Risk, Erection All Risk, Machinery Breakdown, Boiler & Pressure Plant, Electronic Equipment, Contractor's Plant & Machinery and Civil Engineering Completed Risk.
Annual premium
Rs 1 / 1,000
Premium term
Single premium for project term (CAR/EAR) or annual (MB/EEI/CPM)
Annual premium: Rs 10,00,000 sum insured at representative engineering tariff ~1.0 per 1,000 (CAR/EAR/machinery breakdown). Project-rated; varies by project type and period.
Suite of engineering covers for construction and erection projects, machinery and electronic/industrial equipment, including Contractor All Risk, Erection All Risk, Machinery Breakdown, Boiler & Pressure Plant, Electronic Equipment, Contractor's Plant & Machinery and Civil Engineering Completed Risk.
Riders: Third-party liability extensionEarthquake / flood (storm) coverAdvance Loss of Profit (DSU/ALOP)Maintenance / defects liability period extensionSurrounding property cover
Plan details
Exclusions: Wear and tear, gradual deterioration, faulty design (in some sections), consequential loss unless ALOP added, war and nuclear risks, normal maintenance items, penalties for delay.
Property / Fire Insurance (Standard Fire & Special Perils)
Fire / Property
Covers buildings, plant, machinery, stock and household contents against fire, lightning, earthquake and a menu of allied/special perils, priced under the Nepal Property Insurance Tariff 2076 by construction class, commodity and occupancy.
Sum insured
Rs 5 lakh
Policy term
1 yrs
Annual premium
Rs 0.4 / 1,000
Premium term
Annual (single year policy)
Annual premium: Rs 50,00,000 residential building, standard occupancy. NIA residential fire rate 0.04% x 5,000,000 = Rs 2,000 (rate cut to 0.04% from 0.139% in Jan 2019).
Covers buildings, plant, machinery, stock and household contents against fire, lightning, earthquake and a menu of allied/special perils, priced under the Nepal Property Insurance Tariff 2076 by construction class, commodity and occupancy.
Riders: Earthquake (fire & shock)Flood / storm / cycloneRiot, strike and malicious damageTerrorismBurglary extensionLoss of rent / consequential loss
Plan details
Exclusions: War and nuclear perils, wear and tear and gradual deterioration, spontaneous combustion (unless extended), willful negligence, consequential loss, theft during/after fire, and perils not specifically added as allied covers.
Health / Mediclaim (Group Mediclaim, HOPE Senior Citizen, Personal Accident)
Medical / Health
Reimbursement of hospitalisation and domiciliary medical expenses; includes Group Mediclaim, the HOPE (Health of Privileged Elders) senior-citizen plan and Personal Accident cover.
Sum insured
Rs 1 lakh – Rs 5 lakh
Policy term
1 yrs
Entry age
60 yrs
Premium term
Annual
Annual premium: ESTIMATE - Rs 1,00,000 sum insured, adult ~age 30, individual. Oriental Nepal publishes no rate chart; low-band tariff mediclaim ~Rs 1,000-1,500 at 1-lakh cover. Treat as approximate.
Reimbursement of hospitalisation and domiciliary medical expenses; includes Group Mediclaim, the HOPE (Health of Privileged Elders) senior-citizen plan and Personal Accident cover.
Riders: Personal Accident add-onCritical illness extensionEnhanced sum insured / top-upMaternity (group plans)
Plan details
Exclusions: Pre-existing diseases during waiting period, cosmetic/dental (non-accidental) treatment, self-inflicted injury, war, congenital conditions, treatment outside policy period, 20% compulsory co-payment under HOPE.
Covers goods and cargo in transit by sea, air and land, plus marine hull and marine-cum-erection risks; sum insured based on invoice/CIF value of consignment.
Policy term
1 yrs
Annual premium
Rs 0.5 / 1,000
Premium term
Per voyage or annual open policy
Annual premium: Rs 10,00,000 sum insured at representative marine cargo tariff ~0.5 per 1,000 (transit/import). Marine is tariff business in Nepal; rate varies by route/commodity.
Covers goods and cargo in transit by sea, air and land, plus marine hull and marine-cum-erection risks; sum insured based on invoice/CIF value of consignment.
Riders: War and SRCC (strikes, riots, civil commotion)Marine-cum-erection extensionDuty / increased value cover
Plan details
Exclusions: Ordinary wear and tear, inherent vice of goods, improper/insufficient packing, delay-related loss, war and strikes (unless added), willful misconduct of the insured.
Miscellaneous Insurance (Burglary, Fidelity Guarantee, Professional Indemnity, Personal Accident, Householder's)
Micro
General miscellaneous accident covers including burglary & housebreaking, fidelity guarantee, professional indemnity, personal accident and householder's/home package policies.
Policy term
1 yrs
Annual premium
Rs 0.75 / 1,000
Premium term
Annual
Annual premium: Rs 10,00,000 sum insured, standard marine cargo. Rate ~Rs 0.75 per 1,000 x 10,00,000 = Rs 750 per consignment/voyage. Marine is rate-based; actual rate varies by cargo, route and packing.
General miscellaneous accident covers including burglary & housebreaking, fidelity guarantee, professional indemnity, personal accident and householder's/home package policies.
Riders: Money in transitAll-risk for valuablesMedical expenses extension (PA)
Plan details
Exclusions: Wear and tear, dishonesty of the insured, war and nuclear risks, consequential loss, fines and penalties, losses outside policy territory/period.
Motor Insurance (Private Vehicle / Commercial / Two-Wheeler / Miscellaneous)
Motor
Comprehensive and third-party motor cover for private cars, commercial vehicles, motorcycles and miscellaneous/special vehicles, priced per the NIA Motor Insurance Tariff Guideline 2073 (2016).
Sum insured
Rs 1 lakh – Rs 2 crore
Policy term
1 yrs
Annual premium
Rs 8.7 / 1,000
Premium term
Annual (single year policy)
Annual premium: Private car comprehensive on Rs 15,00,000 declared value, 1000-1600cc band: 0.87% x 1,500,000 = Rs 13,050 + Rs 4,000 service charge. NIA Motor Tariff 2073 (common Nepal tariff).
Comprehensive and third-party motor cover for private cars, commercial vehicles, motorcycles and miscellaneous/special vehicles, priced per the NIA Motor Insurance Tariff Guideline 2073 (2016).
Riders: Driver and passenger personal accident coverTowing / removal charges enhancementAdditional named-driver / paid-driver liabilityEnhanced third-party property damage limit
Plan details
Exclusions: Wear and tear / mechanical-electrical breakdown, depreciation, driving without valid licence, driving under the influence of alcohol/drugs, consequential loss, use outside permitted geographical/usage limits, war and nuclear risks.
Overseas medical and travel cover for Nepalis travelling abroad for employment or study, with in-patient/out-patient medical assistance and contingency cover for sponsored students.
Sum insured
Rs 66.5 lakh – Rs 6.65 crore
Policy term
1 yrs
Premium term
Single premium per trip/term (in USD)
Annual premium: Rs 1,00,000 sum insured, 30-year adult individual retail mediclaim. Nepal private retail health premiums run roughly 1.5-4% of sum insured; ~Rs 4,000 is representative. Not an Oriental-specific published rate.
Overseas medical and travel cover for Nepalis travelling abroad for employment or study, with in-patient/out-patient medical assistance and contingency cover for sponsored students.
Riders: Personal accident extensionBaggage / passport lossTrip cancellation
Plan details
Exclusions: Pre-existing conditions, travel against medical advice, self-inflicted injury, war and terrorism, adventure/hazardous sports unless covered, claims after policy expiry.
About Oriental
The Oriental Insurance Company Limited has operated in Nepal since 1956 (2014 B.S.) as an extended arm / country branch of its Indian parent, a public-sector non-life general insurance company under the Ministry of Finance, Government of India. It has no Nepali joint-venture partner and is wholly an Indian-government-owned operation; it is not listed on NEPSE. The Nepal operation is headquartered in Kathmandu and runs a network of branch offices in Dharan, Biratnagar, Birgunj, Hetauda, Chitwan/Bharatpur, Butwal, Bhairahawa and Nepalgunj, plus inspectorate offices and third-party counters, with no presence in Karnali or Sudurpaschim provinces as of 2024. The Indian parent is headquartered in New Delhi with a large multi-country footprint including Nepal, Dubai and Kuwait.
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.
