Insurance companies in Nepal are regulated by Nepal Beema Pradhikaran (Nepal Insurance Authority), an arm of Nepal Government's Ministry of Finance.[1] As of November 2023, a total of 35 insurance companies are offering Life, Non-Life (General), Micro and Re-insurance services.
As of November 2023, 14 life insurance companies are in operation in Nepal:[2]
| S.N | Life Insurance Company | Operating Since | Website | |
|---|---|---|---|---|
| 1 | Rastriya Jiban Beema Company Limited | 2025 B.S (1969 A.D) | http://rbs.gov.np/ | |
| 2 | National Life Insurance Company Limited | 2044 B.S (1988 A.D.) | http://www.nationallife.com.np/ | |
| 3 | Nepal Life Insurance Company Limited | 2058 B.S (2001 A.D) | http://www.nepallife.com.np/en/home | |
| 4 | Life Insurance Corporation (Nepal) Limited | 2057 B.S (2000 A.D) | http://www.licnepal.com.np/ | |
| 5 | MetLife (ALICO) | 2058 B.S (2001 A.D) | https://www.metlife.com.np/en/ | |
| 6 | SuryaJyoti Life Insurance Company Limited | 2079 B.S (2023 A.D) | https://suryajyotilife.com/ | |
| 7 | Himalayan Life Insurance Limited | 2080 B.S (2023 A.D) | http://himalayanlife.com.np/ | |
| 8 | Asian Life Insurance Company Limited | 2064 B.S (2008 A.D) | http://www.asianlife.com.np/ | |
| 9 | IME Life Insurance Company Limited | 2074 B.S (2017 A.D) | https://imelifeinsurance.com/ | |
| 10 | Reliable Nepal Life Insurance Company Limited | 2074 B.S (2017 A.D) | http://www.reliablelife.com.np/ | |
| 11 | Sanima Reliance Life Insurance Limited | 2079 B.S (2023 A.D) | https://sanimareliancelife.com/ | |
| 12 | Citizen Life Insurance Limited | 2074 B.S (2017 A.D) | https://citizenlifenepal.com/ | |
| 13 | Sun Nepal Life Insurance Company Limited | 2074 B.S (2017 A.D) | https://sunlife.com.np/ | |
| 14 | Prabhu Mahalaxmi Life Insurance Limited | 2080 B.S (2023 A.D) | https://www.pmlil.com/ |
Additionally, Rastriya Beema Sansthan was converted into Rastriya Jiban Beema Company Limited on the 21st of Kartik, 2080 (7th November 2023) due to a regulatory requirement set out in Insurance Act 2079.
As of November 2023, 14 non-life insurance are operating in Nepal:
| 1 | Nepal Insurance Company Limited | 2004 B.S (1947 A.D) | http://www.nepalinsurance.com.np/ | |
| 2 | The Oriental Insurance Company Limited | 2012 B.S (1956 A.D) | http://www.orientalinsurance.com.np/ | |
| 3 | National Insurance Company Limited | 2030 B.S (1974 A.D) | http://www.nicnepal.com.np/ | |
| 4 | Himalayan Everest Insurance Company Limited | 2079 B.S (2022 A.D) | http://www.hei.com.np/ | |
| 5 | United Ajod Insurance Company Limited | 2080 B.S (2023 A.D) | http://unitedajodinsurance.com/ | |
| 6 | Neco Insurance Limited | 2051 B.S (1994 A.D) | http://www.neco.com.np/ | |
| 7 | Sagarmatha Lumbini Insurance Company Limited | 2079 B.S (2023 A.D) | https://salico.com.np/ | |
| 8 | Prabhu Insurance Limited | 2053 B.S (1996 A.D) | http://www.prabhuinsurance.com/ | |
| 9 | IGI Prudential Insurance Limited | 2080 B.S (2023 A.D) | http://www.igiprudential.com/ | |
| 10 | Shikhar Insurance Company Limited | 2061 B.S (2004 A.D) | http://www.shikharinsurance.com/ | |
| 11 | NLG Insurance Limited | 2054 B.S (1998 A.D) | http://www.nlg.com.np/ | |
| 12 | Siddhartha Premier Insurance Limited | 2079 B.S (2023 A.D) | http://siddharthapremier.com.np/ | |
| 13 | Rastriya Beema Company Limited | 2071 B.S (2015 A.D) | http://www.rbcl.gov.np/ | |
| 14 | Sanima GIC Insurance Limited | 2079 B.S (2022 A.D) | https://sgic.com.np/ |
As of November 2023, 2 reinsurance are operating in Nepal:
| 1 | Nepal Reinsurance Company Limited | 2071 B.S (2014 A.D) | http://www.nepalre.com.np/ | |
| 2 | Himalayan Reinsurance Company Limited | 2077 B.S (2020 A.D) | https://himalayanre.com/ |
There are 3 micro life insurance companies which are listed below.
| 1 | Crest Micro Life Insurance Limited | 2080 B.S (2023 A.D) | https://cmli.com.np/ | |
| 2 | Guardian Micro Life Insurance Limited | 2080 B.S (2023 A.D) | https://gmli.com.np/ | |
| 3 | Liberty Micro Life Insurance Limited | 2080 B.S (2023 A.D) | https://libertymlife.com.np/ |
| 1 | Nepal Micro Insurance Company Limited | 2080 B.S (2023 A.D) | https://nepalmicro.com/ | |
| 2 | Protective Insurance Company Limited | 2080 B.S (2023 A.D) | https://protectivemicro.com/ | |
| 3 | Star Micro Insurance Company Limited | 2080 B.S. (2023 A.D.) | https://starmicroinsure.com/ | |
| 4 | Trust Micro Insurance Company Limited | 2080 B.S. (2024 A.D.) | https://trustmicroinsure.com/ |