SALICO is one of Nepal's leading non-life (general) insurers, formed from the merger of Sagarmatha Insurance and Lumbini General Insurance, offering property, motor, marine, engineering, aviation, agriculture and miscellaneous insurance.
120
Branches
—
ATMs
11
Products
Asar 2083
Effective
All policies & details (11)
Agriculture & Livestock Insurance
Agriculture
Crop and livestock cover (cattle, poultry, fish, paddy, vegetables, fruits) against fire, natural disaster, disease and malicious acts. Heavily government-subsidised in Nepal.
Sum insured
Rs 10,000 – Rs 50 lakh
Policy term
1 yrs
Annual premium
Rs 50 / 1,000
Premium term
Annual (1-year policy); ~80% subsidised by Government of Nepal
Annual premium: Nepal govt subsidises ~80% of agriculture/livestock insurance premium; standard tariff base rate ~5% of sum insured (e.g. animal value), so farmer effectively pays ~1% after subsidy. Sum insured based on animal/crop value.
Crop and livestock cover (cattle, poultry, fish, paddy, vegetables, fruits) against fire, natural disaster, disease and malicious acts. Heavily government-subsidised in Nepal.
Plan details
Exclusions: Pre-existing disease, willful neglect, epidemics outside cover, theft of crops, war and nuclear risk
Aviation Insurance
Aviation
Aviation hull and liability cover for aircraft against accidental damage, war & allied risks, and third-party/passenger/cargo liability.
Policy term
1 yrs
Annual premium
Rs 5 / 1,000
Premium term
Annual (1-year policy)
Annual premium: Rs 10,00,000 sum insured, standard marine cargo transit. Typical NIA-aligned marine rate ~Rs 5 per 1,000 => 10,00,000 x 0.005 = Rs 5,000. Rate-derived estimate.
Aviation hull and liability cover for aircraft against accidental damage, war & allied risks, and third-party/passenger/cargo liability.
Suite of engineering covers: Contractors All Risk (CAR), Erection All Risk (EAR), Contractors Plant & Machinery, Machinery Breakdown, Boiler Explosion and Electronic Equipment insurance for projects and plant.
Sum insured
Rs 5 lakh – Rs 100 crore
Policy term
1–5 yrs
Annual premium
Rs 3 / 1,000
Premium term
Single premium for project period
Annual premium: Rs 10,00,000 sum insured, standard CAR/engineering risk. Typical rate ~Rs 3 per 1,000 => Rs 3,000. Rate-derived estimate.
Suite of engineering covers: Contractors All Risk (CAR), Erection All Risk (EAR), Contractors Plant & Machinery, Machinery Breakdown, Boiler Explosion and Electronic Equipment insurance for projects and plant.
Riders: Third-party liability extensionSurrounding property coverMaintenance/defects liability periodAdvance loss of profit (ALOP)
Plan details
Exclusions: Faulty design, wear and tear, normal corrosion, war and nuclear risk, consequential loss unless add-on, penalties for delay
Property (Fire & Special Perils) Insurance
Fire / Property
Standard fire and special-perils property cover for dwellings, shops, offices, factories and stock against fire, lightning, explosion, natural disasters and allied perils. Rated per NIA property tariff by construction class, occupancy and commodity.
Sum insured
Rs 1 lakh – Rs 50 crore
Policy term
1 yrs
Annual premium
Rs 0.5 / 1,000
Premium term
Annual (1-year policy)
Annual premium: Rs 50,00,000 residential building, standard occupancy; NIA Property Tariff 2076 base residential rate Rs 0.50 per 1,000 SI = Rs 2,500 net (before add-on perils). Industry-wide tariff applied to SALICO.
Standard fire and special-perils property cover for dwellings, shops, offices, factories and stock against fire, lightning, explosion, natural disasters and allied perils. Rated per NIA property tariff by construction class, occupancy and commodity.
Exclusions: War and nuclear risks, wear and tear, consequential loss (unless add-on), spontaneous combustion, willful negligence, loss of cash/securities unless declared
Health / Medical Insurance
Medical / Health
Health/medical cover (offered under SALICO's miscellaneous & travel-medical lines) reimbursing hospitalisation and treatment costs up to the chosen sum insured.
Sum insured
Rs 1 lakh – Rs 25 lakh
Policy term
1 yrs
Annual premium
Rs 15 / 1,000
Premium term
Annual (1-year policy)
Annual premium: Rs 1,00,000 sum insured, individual adult; non-life health hospitalization rate ~1.5% of SI = Rs 1,500. Representative market/tariff rate, not a SALICO-published chart.
Health/medical cover (offered under SALICO's miscellaneous & travel-medical lines) reimbursing hospitalisation and treatment costs up to the chosen sum insured.
Riders: Personal accident coverCritical illness add-onGroup/family floater extension
Marine cargo / transit cover for import, export and inland goods movement by sea, air, rail and road for landlocked Nepal trade. Rated per NIA marine tariff on consignment value.
Sum insured
Rs 50,000 – Rs 50 crore
Policy term
1 yrs
Annual premium
Rs 5 / 1,000
Premium term
Per shipment or annual open policy
Annual premium: Rs 10,00,000 sum insured, standard marine cargo transit. Typical NIA-aligned marine rate ~Rs 5 per 1,000 => 10,00,000 x 0.005 = Rs 5,000. Rate-derived estimate.
Marine cargo / transit cover for import, export and inland goods movement by sea, air, rail and road for landlocked Nepal trade. Rated per NIA marine tariff on consignment value.
Riders: War risk clauseStrikes, riots & civil commotion (SRCC)Open / declaration policy for regular shippers
Plan details
Exclusions: Inherent vice and natural deterioration, insufficient/unsuitable packing, delay, war and strikes (unless add-on), willful misconduct of insured
Burglary, Cash & Property Crime Insurance
Micro
Crime/casualty covers under miscellaneous line: burglary & housebreaking, cash-in-transit, cash-in-vault/safe, bankers blanket, fidelity guarantee and householder package.
Sum insured
Rs 50,000 – Rs 10 crore
Policy term
1 yrs
Annual premium
Rs 1 / 1,000
Premium term
Annual (1-year policy)
Annual premium: Rs 50,00,000 building, standard (Class A / RCC) occupancy. NIA fire tariff ~Rs 1.0 per 1,000 for standard construction => 50,00,000 x 0.001 = Rs 5,000/year. Tariff-derived.
Crime/casualty covers under miscellaneous line: burglary & housebreaking, cash-in-transit, cash-in-vault/safe, bankers blanket, fidelity guarantee and householder package.
Riders: Money insurance extensionPlate glass coverAll-risk personal effects
Plan details
Exclusions: Theft by family/employees (unless fidelity), unexplained shortage, war and nuclear risk, money left unattended, willful default
Personal Accident & Group Accident Insurance
Micro
Personal accident and group accident cover paying lump-sum benefits for accidental death and permanent/partial disability; offered individually, as group cover and as low-ticket micro cover.
Sum insured
Rs 1 lakh – Rs 1 crore
Policy term
1 yrs
Annual premium
Rs 1 / 1,000
Premium term
Annual (1-year policy)
Annual premium: Benefit-based; premium typically ~Rs 0.50-1.50 per 1,000 of capital sum insured per year (e.g. Rs ~500-1,500/year for Rs 10 lakh accidental cover). Micro/affordable variants for low-income groups.
Personal accident and group accident cover paying lump-sum benefits for accidental death and permanent/partial disability; offered individually, as group cover and as low-ticket micro cover.
Riders: Medical expenses extensionHospital cash benefitGroup/employee floater
Plan details
Exclusions: Suicide/self-inflicted injury, intoxication, hazardous sports unless declared, pre-existing disability, war and nuclear risk
Comprehensive Motor Insurance
Motor
Comprehensive (own-damage + third-party) cover for private cars, commercial vehicles and motorcycles against accident, theft, fire, malicious damage and natural calamity. Rated per NIA Motor Tariff Directive 2073.
Sum insured
Rs 2 lakh – Rs 1 crore
Policy term
1 yrs
Annual premium
Rs 8.4 / 1,000
Premium term
Annual (1-year policy)
Annual premium: Private car comprehensive on Rs 15,00,000 declared value; NIA Motor Tariff 2073 base rate 0.84% (=Rs 12,600) + Rs 3,000 service charge. Derived from industry-wide NIA tariff; SALICO uses online calculator.
Comprehensive (own-damage + third-party) cover for private cars, commercial vehicles and motorcycles against accident, theft, fire, malicious damage and natural calamity. Rated per NIA Motor Tariff Directive 2073.
Riders: Compulsory third-party liability (RSMDST)Passenger personal accident coverDriver/owner personal accident coverRiot, strike, malicious damage & terrorism (RSMDST)Earthquake add-onTowing/extra accessories cover
Plan details
Exclusions: Wear and tear, mechanical/electrical breakdown, depreciation, driving without valid licence, under influence of alcohol/drugs, use outside permitted geographical area, consequential loss
Third-Party Motor Liability Insurance
Motor
Mandatory third-party-only motor liability cover per NIA tariff; protects against legal liability for third-party property damage, bodily injury and death.
Sum insured
Rs 25 lakh – Rs 80 lakh
Policy term
1 yrs
Premium term
Annual (1-year policy)
Annual premium: Fixed NIA third-party tariff for private car 1,001-1,600cc = Rs 8,487 (up to 1,000cc = Rs 7,356; 1,601cc+ = Rs 10,747).
Mandatory third-party-only motor liability cover per NIA tariff; protects against legal liability for third-party property damage, bodily injury and death.
Travel insurance for outbound/inbound travellers covering medical emergencies, hospitalisation, trip disruption and personal accident abroad; Schengen/visa-compliant plans available.
Travel insurance for outbound/inbound travellers covering medical emergencies, hospitalisation, trip disruption and personal accident abroad; Schengen/visa-compliant plans available.
Riders: Adventure/trekking sports extensionHigher medical sum insuredAnnual multi-trip upgrade
Plan details
Exclusions: Pre-existing conditions, self-inflicted injury, high-risk adventure sports unless add-on, travel against medical advice, war/terrorism in some plans
About Sagarmatha Lumbini
Sagarmatha Lumbini Insurance Company Ltd. (SALICO) was registered on 2079/11/29 BS (29 November 2022) under the Nepal Insurance Authority as a public limited company, formed through the merger of Sagarmatha Insurance Company Ltd. and Lumbini General Insurance Company Ltd. (swap ratio 100:80), with merged operations commencing 13 March 2023. It is notable as a non-life insurer that attracted foreign investment from Ceylinco Insurance of Sri Lanka. The company operates a nationwide network of 120+ branches across Nepal and is listed on the Nepal Stock Exchange (symbol SALICO). Its head office is at "Surakshan" Bhawan, Bhagwati Marg, Naxal, Kathmandu.
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.
