A merged, ISO 9001:2015-certified non-life insurer among Nepal's largest general insurance companies, offering property, motor, marine, engineering, aviation, agriculture, health and micro insurance.
128
Branches
—
ATMs
8
Products
Asar 2083
Effective
All policies & details (8)
Agriculture, Livestock & Herbs Insurance
Agriculture
Government-subsidised crop, livestock and herb insurance protecting farmers against death/loss of cattle and crop damage from natural perils, pests and disease, per the NIA agriculture tariff.
Sum insured
Rs 10,000 – Rs 50 lakh
Policy term
1 yrs
Annual premium
Rs 50 / 1,000
Annual premium: Tariff premium ~5% of sum insured (cost-of-production based) or ~7% (value based) per year; Government of Nepal subsidises ~75-80% of the premium, so farmer pays only ~20-25%. Sum insured set to animal/crop value.
Government-subsidised crop, livestock and herb insurance protecting farmers against death/loss of cattle and crop damage from natural perils, pests and disease, per the NIA agriculture tariff.
Riders: Epidemic/notifiable disease extensionTransit of livestockAdditional named-peril crop extensions
Plan details
Exclusions: Wilful slaughter/neglect; pre-existing disease; loss before risk inception/ear-tagging; epidemics excluded by tariff unless covered; war/nuclear; intentional loss.
Engineering Insurance (CAR / EAR / Machinery)
Engineering
Project and plant cover including Contractors' All Risks (civil works), Erection All Risks (machinery installation), Machinery Breakdown and Electronic Equipment insurance.
Sum insured
Rs 10 lakh – Rs 500 crore
Policy term
1–5 yrs
Annual premium
Rs 1.5 / 1,000
Annual premium: Rs 10,00,000 sum insured, standard CAR/erection cover. Rate ~Rs 1.5 per 1,000 (1,000,000 / 1000 x 1.5 = Rs 1,500). Engineering rates vary widely by project; representative rate-derived figure.
Project and plant cover including Contractors' All Risks (civil works), Erection All Risks (machinery installation), Machinery Breakdown and Electronic Equipment insurance.
Riders: Third-party liability extensionMaintenance / defects-liability period coverSurrounding property coverEarthquake / flood (Act-of-God) extensionRemoval of debris
Plan details
Exclusions: Faulty design/workmanship/material (loss to defective item); wear, tear, corrosion; consequential loss; war, nuclear; penalties/liquidated damages; loss discovered only at inventory.
Property / Fire Insurance
Fire / Property
Standard fire and allied perils cover for buildings, plant, machinery and stock, rated under the Nepal Property Insurance Tariff 2076 by class of construction, commodity and occupancy.
Sum insured
Rs 5 lakh – Rs 100 crore
Policy term
1 yrs
Annual premium
Rs 0.75 / 1,000
Annual premium: Rs 50,00,000 building, standard (non-hazardous) residential occupancy. Rate ~Rs 0.75 per 1,000 sum insured (5,000,000 / 1000 x 0.75 = Rs 3,750). Industry tariff-derived figure.
Standard fire and allied perils cover for buildings, plant, machinery and stock, rated under the Nepal Property Insurance Tariff 2076 by class of construction, commodity and occupancy.
Riders: Earthquake (fire & shock)Flood/storm/tempest/inundation (STFI)Riot, strike & malicious damage (RSMD)Burglary & housebreakingTerrorismLoss of rent / business interruption
Plan details
Exclusions: Boilers/pressure apparatus explosion; buildings under construction and open-storage goods (under typhoon extension); flood from leakage/overflow of water apparatus or poor drainage; war, nuclear, consequential loss; spontaneous combustion unless covered.
Medi Health Insurance (Hospitalization)
Medical / Health
Comprehensive hospitalization and mediclaim cover including in-patient treatment, critical illness and pre/post hospitalization; available as individual and family floater.
Sum insured
Rs 1 lakh – Rs 20 lakh
Policy term
1 yrs
Entry age
0–65 yrs
Annual premium: Rs 1,00,000 sum insured, ~30-year adult individual, indemnity hospitalisation cover. Representative non-life health rate (~Rs 3,000-4,000 band); SPIL does not publish a public rate card.
Comprehensive hospitalization and mediclaim cover including in-patient treatment, critical illness and pre/post hospitalization; available as individual and family floater.
Riders: Family floater extensionCritical illness top-upMaternity benefitPersonal accidentStudent/Group hospitalization add-on
Plan details
Exclusions: Pre-existing diseases during waiting period; cosmetic/dental (non-accidental); maternity unless opted; self-inflicted injury; war and nuclear; treatment outside policy network/limits; congenital conditions.
Marine Hull and Cargo Insurance
Marine
Transit cover for goods moving by sea, air or land and hull cover for vessels, using Institute Cargo Clauses (A/B/C) per the marine tariff.
Sum insured
Rs 1 lakh – Rs 50 crore
Policy term
1 yrs
Annual premium
Rs 0.75 / 1,000
Annual premium: Per-shipment cover on Rs 10,00,000 sum insured. Rate ~Rs 0.75 per 1,000 (1,000,000 / 1000 x 0.75 = Rs 750) for standard cargo. Marine is per-voyage, not strictly annual; figure is per Rs 10 lakh consignment, rate-derived.
Transit cover for goods moving by sea, air or land and hull cover for vessels, using Institute Cargo Clauses (A/B/C) per the marine tariff.
Riders: War & strikes (SRCC) clausesInstitute Cargo Clauses A all-risks upgradeOpen / annual marine declaration policyInland transit extension
Plan details
Exclusions: Inherent vice, ordinary leakage/wear, insufficient packing; wilful misconduct of insured; delay; war/strikes unless extended; loss not arising during the insured transit.
Motor Third-Party Liability Insurance (Compulsory)
Motor
Mandatory third-party liability cover for all vehicles in Nepal; flat statutory premium per NIA, covering death/injury and property damage to third parties.
Sum insured
Rs 5 lakh
Policy term
1 yrs
Annual premium: Statutory third-party tariff component for a private car 1000-1600cc: fixed service charge ~Rs 4,000 (below 1000cc ~Rs 3,000; above 1600cc ~Rs 6,000) per NIA Motor Tariff 2073; +10% if vehicle >10 years.
Mandatory third-party liability cover for all vehicles in Nepal; flat statutory premium per NIA, covering death/injury and property damage to third parties.
Plan details
Exclusions: Own-damage to insured vehicle (not covered under TP); damage outside legal liability; contractual liability; war/nuclear; use without valid licence or permit.
Motor Vehicle Insurance (Comprehensive)
Motor
Comprehensive private/commercial vehicle cover combining own-damage and third-party liability, priced on the NIA Motor Insurance Tariff Directive 2073. Available for two-wheelers, private cars and commercial vehicles via SPIL DIGI.
Sum insured
Rs 1 lakh – Rs 2 crore
Policy term
1 yrs
Annual premium
Rs 8.4 / 1,000
Annual premium: Statutory third-party tariff component for a private car 1000-1600cc: fixed service charge ~Rs 4,000 (below 1000cc ~Rs 3,000; above 1600cc ~Rs 6,000) per NIA Motor Tariff 2073; +10% if vehicle >10 years.
Comprehensive private/commercial vehicle cover combining own-damage and third-party liability, priced on the NIA Motor Insurance Tariff Directive 2073. Available for two-wheelers, private cars and commercial vehicles via SPIL DIGI.
Exclusions: Consequential loss, depreciation, wear and tear, mechanical/electrical breakdown; driving without valid licence; under influence of alcohol/drugs; use outside permitted geographical/usage limits; war and nuclear risks.
International Travelers Medical Insurance
Travel
Overseas travel medical cover for Nepali citizens travelling abroad and foreigners whose trip begins/ends in Nepal, covering medical emergencies, baggage and liabilities.
Sum insured
Rs 66.5 lakh – Rs 1.33 crore
Policy term
1 yrs
Annual premium: Single 30-day worldwide trip, adult, standard medical+accident cover. Representative non-life travel premium (~Rs 1,500-2,500 band) for a 30-day worldwide policy.
Overseas travel medical cover for Nepali citizens travelling abroad and foreigners whose trip begins/ends in Nepal, covering medical emergencies, baggage and liabilities.
Exclusions: Pre-existing conditions; self-inflicted injury; travel against medical advice; adventure/professional sports unless opted; war, nuclear, civil unrest; claims outside the chosen geographical zone.
About Siddhartha Premier
Siddhartha Premier Insurance Limited (SPIL) is one of Nepal's largest non-life (general) insurers, formed in March 2023 through the merger of Premier Insurance Company (Nepal) Limited (operating since 1994) and Siddhartha Insurance Limited (operating since April 2006). The merger enhanced its capitalisation, net-worth and asset base, placing it among the largest players in Nepal's general insurance industry with adequate solvency (solvency ratio of 3.19x against a 1.3x regulatory minimum as per ICRA Nepal, April 2025). The ISO 9001:2015-certified company underwrites Property, Motor, Marine, Engineering, Aviation, Livestock & Crops, Micro and Miscellaneous lines and employs 600+ staff. It is headquartered at Siddhartha Premier Bhawan, Hanumansthan, Babarmahal, Kathmandu and operates a nationwide branch network across all seven provinces.
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.
