Best Insurance Company in Nepal all time

There are life insurance and non-life insurance companies in Nepal. 50 percent of the companies are new, and a handful of international insurance companies have involved in the Nepal insurance market. Although the insurance market is very tough some best insurance company in Nepal are doing very well as we analyze their financial data their profit has been dramatically rising since the last 10years.

The first challenge for the top insurance company in Nepal is that many Nepalese people live below the poverty line and have no access to private insurance.

Another problem for insurance companies in Nepal is that people usually do not know about insurance benefits, even if they have the capacity to pay the premium not willing to insurer themselves.

On the other hand, non-life insurance companies also have a similar fate, people only insured their vehicles even though companies offer many options, including house insurance, business insurance, etc.

The Nepal Insurance Board is the regulatory body that proposes, tabulates, and enforces insurance policies for all insurance companies. Only the old company managed to hit the top insurance company in Nepal.

Best Insurance company in Nepal

  1. Nepal life insurance;

It was established as a public limited company by private investors in 2001. At the end of the fiscal year 2018/19, the company’s paid-up capital is Rs.549.61 Crore, which issued 11,10,688 conventional policies and 15,15,769 foreign expatriate policies. The company offers the highest premium rate to the insured, NPR 62–82 per 1,000 per year announced at the General Assembly in 2019.

Contract Information

Nepal Life Insurance Company Limited
Address: Heritage Plaza-1, 2nd Floor
Another Address: Kamaladi, Kathmandu
G.P.O.Box. No:11030
E-Mail: [email protected]
Telephone :01-4169082, 01-4169083, 01-4169085

2. National life;

It is one of the oldest and leading insurance companies in Nepal, established in A.D 1998 in accordance with the Nepal Company Act 1964 and the Insurance Act 1968.

As the old one is gold, the firm has made a reputation as a company with higher approval rates from the general public. According to the 2019 report, the company’s paid-up capital is Rs.3082 million, and the bonus rate for the insurer is 61-80 per thousand annually.

Contact information

P.O. Box: 4332, Lazimpat, Kathmandu, Nepal.
Tel: 977-1-4414799, 4416556, 4414803, 4435636;
Fax: 977-1-4435633
Email: [email protected];

3. Rashtriya Bima Sansthan

It was also the oldest insurance company in Nepal that was established in A.D in 1967. The company is close to meeting the Nepal government’s requirement for paid-up capital for a private insurance company in Nepal. According to their third-quarter audit of fiscal year Bs. 2076/77, the capital paid-up is Rs. 1,81,000,000. It’s a new bonus rate of 65 to 82 per thousand per year.

Contact Information;

Ramshahpath, Kathmandu
Phone: +977-01-4262520
Email: [email protected]

4. Prime life insurance;

It is one of the leading insurance companies in Nepal where the general public owns its 70 percent share and the promoter retains 30 percent share. Although the company was founded in 2007, it has a fast-growing history of 13 years. The main promoter of this company is Kumari Bank, Wich is an A-level bank in Nepal.

Fiscal year Bs. 2076/77 in the third quarter. Its paid-up capital is Rs. 1,784,835,000 and is still lower than the government requirement.

Contact Information; 

Hattisar, Kathmandu
P. Box 25979
[email protected]

5. Life Insurance corporation Nepal

Shortly knows as LIC which established in 2001 joined venture between the Vishal group of Nepal and Life Insurance Corporation of India. 55% share has hold by the L.I.C India, 25% Vishal Group and 20% from the General public.

The company bonus rate has remained between 66 to 80 per thousand annually in 2019. Although it is an international Indian company that has been presented in many countries, it comes No. 4 in terms of its risk-taking capacity in Nepal. Its paid-up capital ended in RS. 1,334,677,500 for fiscal year Bs. 2075/76 in Nepal.

Contact Information;

Po Box No: 21905, Kathmandu
Fax: 01-4012615
Email: [email protected]
Phone : 01-4012613, 01-4012614

6. Asian Life Insurance;

Asian Life Insurance Company has set up A.D. 27 February 2008 after obtaining Beema Samiti’s operating license in accordance with the Insurance Act A.D.1993 (Insurance Regulatory Authority of Nepal).

70 percent of the company’s share has been won by the promoters and 30 percent by the general public. According to the 3rd quarterly report of fiscal year 2076/77, its paid-up capital amounts to Rs. 1,256,725,740. The company has operated the 35 branches across the country.

Contact Infomation;

Kathmandu Ma.Na.Pa Ward No 30, Maitidevi
Phone +977-1-4410115 | +977-1-4430270
Email: [email protected]

7. American Life Insurance company (MetLife)

The company is the first international Life insurance company in Nepal, founded in 1868 under the name of MetLife inc. It is now the leader of all types of insurance, including life insurance, non-life insurance, and health insurance. It presents the business footprint of more than 50 countries around the world.

The company opened its subsidiary office in 2001 in Nepal after getting an operating license from the NIB (Nepal Insurance Board). Currently, it has been providing life and non-life insurance services to customers.

As the first foreign company in Nepal, coming from a mature insurance market, it has been gaining momentum since the start of business in Nepal. Currently, the MetLife Nepal Bonus Rate is 66 to 80 per 1,000 rupees.

Contact information

Metlife Alico,
Nepal Plaza, Tridevi Sadak, Kathmandu 44600
Phone: 01-6214743

8. Surya life insurance

The company was founded in A.D. 2000 under insurance act bs. 2049 and the company act bs. 2063 as a privates insurance company in Nepal. 70 percent of the share is held by promoters and 30 percent is owned by the general public.

The authorized capital of the company ended NRs 300 crore and paid-up capital Rs. 1,131,900,000 for the financial year bs. 2076/77. Its bonus rate for the insurer is 38 to 73 per thousand annually.

Contact Information;

Sano Gaucharan, Kathmandu, Nepal
Phone: 01-4423743
Fax: 01-4419565
Email: [email protected]

9. Guras Life Insurance;

Gurans Life Insurance Company was founded in A.D. 2008 as a privately-owned organization. Dugar Group and Sunrise Bank Ltd are the main promoters of this firm and only 30% of shares have provided to the general public. Total shareholders of this company are 26,000 and paid for capital in the financial year of Bs. 2075/76 is 594,000,000. The bonus rate for the insurer is 51 to 87 per thousand annually.

Contact Information;

Gurans Life Insurance Company Ltd.
Shree Raj Bhawan, Tinkune,
Kathmandu, Nepal
Hunting Line: 01-5199310
Fax: 01-5199061
Email.:[email protected]

10. Union life insurance company;

It is one of the new companies that has entered the insurance market in Nepal along with nine other new companies. Most of the new companies came into the market with Rs. 1,400,000,000 paid-up capital but In the third quarter of the fiscal year 2076/77, the paid-up capital is RS. 1,505,000,000 which is higher than other new insurance companies in the market.

The company share has subscribed by the very largest business group in Nepal including Jagadamba Group, Golchha Group, Gadiya Group, Naupane Group, Rajesh hardware & Tibrewala Group. 70% of the share is owned by the promoter and 30% by the general public.

Contact Information;

New Baneshwar, Kathmandu
Phone: 01-4784758,01-4786225,
Toll-Free: 1660-01-05555
Email: [email protected]


On the list of the best insurance company in Nepal has been chosen base on various factors such as company age, paid-up capital, bonus rate, total release policies, and profit of the organization. Although the new companies have higher paid-up capital then the older they have low reserved funds and bonuses.

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