Shikhar Insurance Company Ltd. (SICL) is a leading Nepali non-life (general) insurer holding the highest market share among general insurers, offering motor, health, property, marine, agriculture and engineering insurance products.
115
Branches
—
ATMs
16
Products
Asar 2083
Effective
All policies & details (16)
Agri Insurance (Crop & Livestock)
Agriculture
Subsidised crop, livestock, poultry and fishery cover under Nepal's agriculture insurance scheme with heavy government premium subsidy.
Policy term
1 yrs
Annual premium
Rs 1.25 / 1,000
Annual premium: Tariff-derived: marine cargo rate ~Rs 1.25 per 1,000 on Rs 10,00,000 sum insured = ~Rs 1,250 (per-shipment/voyage basis, pre-VAT).
Subsidised crop, livestock, poultry and fishery cover under Nepal's agriculture insurance scheme with heavy government premium subsidy.
Plan details
Exclusions: Losses from neglect/mismanagement, pre-existing disease, intentional loss, war, nuclear risks; conditions per NIA agriculture directive
Aviation Insurance
Aviation
Aircraft hull and liability cover including passenger, cargo and third-party liability plus crew and operator extensions.
Annual premium
Rs 1.25 / 1,000
Annual premium: Tariff-derived: marine cargo rate ~Rs 1.25 per 1,000 on Rs 10,00,000 sum insured = ~Rs 1,250 (per-shipment/voyage basis, pre-VAT).
Aircraft hull and liability cover including passenger, cargo and third-party liability plus crew and operator extensions.
Riders: War and allied perilsHull deductible buy-backLoss of licence
Plan details
Exclusions: War (unless specifically covered), wear and tear, unlicensed operation, use outside permitted scope, nuclear risks
Contractors' All Risk (CAR) Insurance
Engineering
All-risk cover for civil engineering/construction projects — works, materials and third-party liability — sum insured on full completed contract value.
Annual premium: Premium a rate on the contract value, varying by project type, duration and risk; quoted per project. Separate excess for normal losses and for collapse/Acts of God.
All-risk cover for civil engineering/construction projects — works, materials and third-party liability — sum insured on full completed contract value.
Exclusions: War, wilful negligence, nuclear hazards, wear and tear, defective design, cessation of work, consequential loss, penalties, equipment breakdown without external damage
Erection All Risk (EAR) Insurance
Engineering
All-risk cover for installation/erection of plant, machinery and equipment projects, sum insured on completed erection value.
Annual premium: Rate on total erection/contract value by project risk and duration; quoted per project.
All-risk cover for installation/erection of plant, machinery and equipment projects, sum insured on completed erection value.
Riders: Third-party liabilityMaintenance/guarantee period extension
Plan details
Exclusions: War, nuclear risks, wear and tear, defective design/material, consequential loss, penalties, faults in items being tested beyond cover period
Home Insurance
Fire / Property
Householder package covering the residential building and contents against fire and allied perils plus add-ons.
Policy term
1 yrs
Annual premium
Rs 0.5 / 1,000
Annual premium: Tariff-derived estimate: Rs 1,00,000 sum insured, 30-year adult individual. Nepal individual health band ~Rs 3,000-5,000.
Householder package covering the residential building and contents against fire and allied perils plus add-ons.
Exclusions: Consequential loss, wear and tear, war, nuclear risks; valuables may need declaration
Property Insurance (Standard Fire & Special Perils)
Fire / Property
Fire and special-perils cover for residential, commercial and industrial property, priced on the NIA Nepal Property Insurance Tariff 2076 by occupancy, construction class and commodity.
Policy term
1 yrs
Annual premium
Rs 1 / 1,000
Annual premium: Tariff-derived: Rs 50,00,000 standard residential building occupancy at ~Rs 1.0 per 1,000 sum insured = ~Rs 5,000/yr (pre-VAT).
Fire and special-perils cover for residential, commercial and industrial property, priced on the NIA Nepal Property Insurance Tariff 2076 by occupancy, construction class and commodity.
Exclusions: Consequential loss / loss of income, machinery breakdown (secondary damage covered), electrical appliance damage from high voltage, war, nuclear/chemical/biological weapons
Group Medical Insurance
Medical / Health
Employer/group hospitalisation cover with negotiated group sum insured and cashless network access.
Sum insured
Rs 1 lakh – Rs 20 lakh
Policy term
1 yrs
Annual premium: Estimate: 30-day worldwide adult single trip, standard Nepal travel-medical band ~Rs 1,500-2,500.
Employer/group hospitalisation cover with negotiated group sum insured and cashless network access.
Riders: Maternity extensionOPD extension
Plan details
Exclusions: Standard mediclaim exclusions; waiting periods may be waived for groups
Health Insurance (Mediclaim)
Medical / Health
Hospitalisation mediclaim plan with cross-border network access in Nepal and India.
Sum insured
Rs 1 lakh – Rs 20 lakh
Policy term
1 yrs
Annual premium: Tariff-derived estimate: Rs 1,00,000 sum insured, 30-year adult individual. Nepal individual health band ~Rs 3,000-5,000.
Hospitalisation mediclaim plan with cross-border network access in Nepal and India.
Plan details
Exclusions: Pre-existing conditions (4-year waiting), certain treatments (2-year waiting), first 30 days of inception, non-medical items, ambulance charges, premium room categories above standard AC
Secure Mind Insurance
Medical / Health
Critical-illness / fixed-benefit health protection plan paying a lump sum on diagnosis of covered conditions.
Policy term
1 yrs
Annual premium: Premium based on sum insured and age; quoted via calculator.
Critical-illness / fixed-benefit health protection plan paying a lump sum on diagnosis of covered conditions.
Plan details
Exclusions: Pre-existing conditions and waiting periods apply; standard CI exclusions
Shikhar Swasthya Surakshya (Health Security)
Medical / Health
Flagship individual/family hospitalisation plan with cashless network, daycare and optional OPD; relaunched 2025 as Shikhar Health Security with SI up to Rs 2 million.
Sum insured
Rs 1.5 lakh – Rs 20 lakh
Policy term
1 yrs
Entry age
5–75 yrs
Flagship individual/family hospitalisation plan with cashless network, daycare and optional OPD; relaunched 2025 as Shikhar Health Security with SI up to Rs 2 million.
Maturity benefit: No-claim bonus at renewal for claim-free policyholders
Exclusions: Pre-existing & chronic conditions in first 2 years, expenses in first 30 days of inception, non-medical/consumable items, premium room categories above standard AC
Marine Transit Insurance
Marine
Cargo-in-transit cover for goods moved by sea, air, rail or road, for imports and exports, on Institute Cargo Clauses basis.
Policy term
1 yrs
Annual premium
Rs 1.25 / 1,000
Annual premium: Tariff-derived: marine cargo rate ~Rs 1.25 per 1,000 on Rs 10,00,000 sum insured = ~Rs 1,250 (per-shipment/voyage basis, pre-VAT).
Cargo-in-transit cover for goods moved by sea, air, rail or road, for imports and exports, on Institute Cargo Clauses basis.
Riders: War risk extensionStrikes/riots/terrorism extension
Add-on to an existing motor comprehensive policy that waives depreciation, provides rental/transport allowance and new-vehicle replacement.
Sum insured
Rs 1 lakh – Rs 2 crore
Policy term
1 yrs
Annual premium: Add-on premium loaded onto base comprehensive motor premium; requires an active comprehensive policy. Rate set via quote. Not available for commercial vehicles or cars over 10 years old.
Add-on to an existing motor comprehensive policy that waives depreciation, provides rental/transport allowance and new-vehicle replacement.
Plan details
Exclusions: Deductible/excess access and salvage value compensation excluded; not for commercial vehicles or vehicles over 10 years old
Vehicle Insurance (Motor Comprehensive)
Motor
Comprehensive private/commercial motor cover combining own-damage and compulsory third-party liability, priced under the NIA Motor Insurance Tariff Directive 2073.
Sum insured
Rs 1 lakh – Rs 2 crore
Policy term
1 yrs
Annual premium
Rs 8.7 / 1,000
Annual premium: Private car comprehensive on a Rs 15,00,000 vehicle, 1000-1600cc: own-damage 0.87% (Rs 13,050) + Rs 4,000 service charge + third-party (Rs 8,487) + riot/strike loading + 13% VAT; all-in ~Rs 22,000-26,000 per NIA Motor Tariff Directive 2073.
Comprehensive private/commercial motor cover combining own-damage and compulsory third-party liability, priced under the NIA Motor Insurance Tariff Directive 2073.
Riders: Terrorism / group risks (optional extra premium)Riot, strike, malicious damage (RSMD)
Plan details
Exclusions: Consequential loss, depreciation, mechanical/electrical breakdown, racing, atomic/radiation, war, driving without licence, driving under alcohol/drugs, loss while vehicle in govt possession, claims outside geographical area
Travel Medical Insurance
Travel
Overseas travel medical and comprehensive trip cover for Nepalis travelling abroad (and foreigners residing in Nepal), zoned by destination area.
Sum insured
Rs 65 lakh – Rs 1.3 crore
Policy term
1 yrs
Entry age
70 yrs
Annual premium
Rs 8.7 / 1,000
Annual premium: Private car comprehensive on a Rs 15,00,000 vehicle, 1000-1600cc: own-damage 0.87% (Rs 13,050) + Rs 4,000 service charge + third-party (Rs 8,487) + riot/strike loading + 13% VAT; all-in ~Rs 22,000-26,000 per NIA Motor Tariff Directive 2073.
Overseas travel medical and comprehensive trip cover for Nepalis travelling abroad (and foreigners residing in Nepal), zoned by destination area.
Riders: Plan B comprehensive package (14 benefit categories)Adventure sports extension
Plan details
Exclusions: Pre-existing conditions, war/civil unrest, self-inflicted injury, high-risk sports unless extended; trip must begin and end in Nepal
Trekker's Assistance Insurance
Travel
Personal accident and rescue cover for trekkers in Nepal covering high-altitude perils 24 hours during the trek.
Sum insured
Rs 5 lakh – Rs 50 lakh
Policy term
1 yrs
Entry age
16–60 yrs
Annual premium: Premium by sum insured and trek duration; quoted via calculator. Search & rescue / evacuation is an optional extension.
Personal accident and rescue cover for trekkers in Nepal covering high-altitude perils 24 hours during the trek.
Exclusions: Persons under 16 or over 60, medical expenses beyond 12 months, alcohol/drug influence, high-risk activities (racing, polo, hunting), pregnancy-related injury, war/civil unrest
About Shikhar
Established on 7 June 2004 and commencing operations on 17 November 2004, Shikhar Insurance Company Ltd. (SICL) was the 13th private-sector general insurer in Nepal, promoted by a young team of reputed industrial and business houses involved in aviation, banking and manufacturing. The company is headquartered at Shikhar Biz Centre, Thapathali, Kathmandu and operates a nationwide network of 115+ branches with 650+ employees serving over 200,000 customers. It holds the highest general-insurance market share in Nepal at about 13.29% and carries an ICRA Nepal credit rating of ICRANP-IR "AA-". SICL maintains reinsurance protection of about NRs. 700 crores for catastrophic risks and advertises claim settlement within 15 days (terms apply).
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.
