All their personal advisors and customer service agents are trained by strength training. Accident Coverage – 200% of Insured Amoun will be given if the death due to accidents, hearing, speaking power is lost or the accident causes permanently disabled. Fax:- (977 1)4168538 Head Office:-Babarmahal If, as a result of the injury, the insured employee has been completely disabled and the duration of the withdrawal period – i.e. Nepal Insurance Company Limited; Nepal Insurance Company Limited is a leading and well-recognized first non-life insurance company of Nepal. Following is the list of insurance companies in Nepal which have been approved by Beema Samiti, which is a statutory body regulating and promoting the insurance and re-insurance industries in Nepal. Gurans life safety insurance scheme makes provision for the family of the insured in the event of early death, as also promised a lump sum amount at the desired age. It is pure protection and periodic renewable policy that can be renewed every year. IME has introduced many new schemes to the general public. The debtors should not be worried about the repayment of their loan due to some incident. Phone:- ( 977 1) 4231788/4213014 Out of which, Rs.1arab 25 crore 67 lakhs has been disbursed. Phone:- ( 977 1) 4425758/4445090 E … Prime Life Safe Housing Life Insurance makes your dream to own your house real. They have been working to Increase public awareness about life insurance, promote livelihoods of customers through life insurance and contribute to the development of the nation. Neco insurance limited. If the insured client is able to pay all the premium until the maturation of the policy. E-mail:- american.life@alicompanycom.np, 3. Due to the fact that you have been completely and permanently disabled because of a disease or accident, all other premiums will be excused. Today, their remote credit insurance has provided protection to debtors of more than 6 lakhs of cooperatives and small financial institutions of 77 districts of the country. The bonus will be paid on the full sum insured and are payable at the end of the selected term or at the life assured’s death. Asian Life Insurance Company is the first life insurance company to obtain a license to work as an insurance company from the insurance committee after 6 years of operation. The company has its extension in Latin America, the Middle East, Europe, and Asia insurance markets and is serving around 1 billion customers around the world. Nepal insurance company limited E-mail:- info@primelifenepal.com, 20. 10 Reasons Why Should You Make Investment in Nepal? Doty Branch at Dipayal Siligadhi N. P. Doti, Mahendranagar Branch at Bhimadutt N.P. Not always we would be able to earn our living. The flexibility that you can maintain the age of your child according to your will, according to the scheme, is the same as flexibility for this scheme. Pokhara and Branch at Chipledhunga Pokhara. E-mail:- dicgc@ntc.net.np, 5. The ten companies who received their licenses are Sun Nepal Life Insurance, Star Life Insurance, Sanima Life Insurance, Citizen Life Insurance, Reliance Life Insurance, IME Life Insurance, Reliable Life Insurance, Mahalaxmi Life Insurance, Union Life Insurance and Jyoti Life Insurance, respectively. Similarly, Nepal Life Insurance Company Limited has also been doing business by selling life insurance as other companies are working in the life insurance business. Fax:- (977 1) 4261289 Fax:- (977 1) 4499647 The scheme is called the good future insurance which provides you with five options for your relaxation. Phone:- ( 977 1) 44999220/4499226 However, the basic amount that is insured with bonuses is payable at the end of the term. There are 2 types of schemes under the Future Care DPS scheme. January 22, 2018 in insurance, insurance companies in Nepal, News & Info, Type of insurance companies Insurance Insurance is a term in law and economics . Prime Simple Life Insurance policy allows you to insure some amount of your earning for your future. That is why the company’s place has become extremely safer. If there is a sudden death of the client before the maturity of the policy. If there is an unusual demise of insured, the amount will be provided with the bonus specified to the beneficiary. 200% of insured money will be paid as an additional benefit if the life is lost due to the accident. Himalayan General Insurance Company Limited. Siddhartha insurance company limited. Insurance amount should be at least From 50,000 to 50 lakhs. Phone:- ( 977 1) 5555166 Everest insurance company limited. If the Insured Person is unable to gain profitable employment or employment throughout life, the insured amount is paid to him and his beneficiaries. You will be able to select the necessary premiums that are available to you for any of the premium payment periods 10 or 15 or 20 or 25 or 30 years. Insurance in Nepal is still in the growth stage despite being 65 years old. The benefits of this plan give you Maturity Value: Very attractive maturity unit that will generate reasonable returns to meet your financial needs. 200 crore. The characteristics of this policy are Your home loan will now change to 0% interest, Including insurance security in home loans, Life insurance will be insured throughout the loan period, Economic benefits according to the speciality of life insurance, Sometimes your loved ones will not be forced home and income Tax Profit. Prudential insurance company limited. United Insurance Company (Nepal) Limited. Nepal Insurance Company Limited, a pioneer non-life insurance company of Nepal was established on 1947 A.D. by Nepal Bank Limited (the first commercial Bank) and the general public with 51% and 49% shares respectively. 3. PrimeLife women like an insurance policy is another unique feature introduced by the company in the market. E-mail:- premier@picl.com.np, 19. The answer to the question is the Prime Pension Plan. 4, Palpa, Dang branch at Ghorahi-15, Dang, Jumla branch at Chandan Nath NP 5, Jumla, Illam branch at Illam, Baglung Branch at Baglung NP-2, Baglung, Kohalpur Branch at New road, Kohalpur 11 Banke. E-mail:-info@nationalinsurancenepal.com, 11. Birtamod Region at Anarmani – 4, Jhapa, Birgunj Region at Ghantaghar, Birgunj, Nepalgunj region at Nepalgunj, Dhangadhi Region, Dhangadhi. Premiums are to be paid for a limited period of the chosen term or until death if it occurs within this period. Conducted from a group of well-known business and family groups of Nepal, this company has succeeded in maintaining a record of the best business within the seventeen years of its establishment. American life insurance company limited (Alico) Or, because people economic status doesn’t permit them to insure their life or their properties. Email:-sagarmatha@insurance.wlink.com.np, 23. Birgunj Branch at Adarshanagar Birgunj. Palpa Branch at Tansen N.P. Accident coverage – 200 per cent of insured money: Due to death by accidents or if the client has been disabled forever, two times the insured amount will be paid. Fax:- (977 1) 4441436 Fax:- (977 1) 4411692 It can insure from Minimum 5-year period to 35 years. So, Life insurance company also provides insurance for the natural calamities. It is important for them to achieve market share and to expand the trusted moral business network. NB insurance company limited. Lumbini general insurance company limited. Fax:- (977 1)4412378 Under intensive disease, an insured amount will be paid when the insured employee is certified with the chronic illness defined and listed in the policy. Himalyan general insurance company limited. Insurance Companies in Nepal AJOD Insurance Limited Asian life Insurance Company Limited (ALICL) Citizen Life Insurance Company Ltd General Insurance Company Nepal Himalayan general insurance (HGI) IME Life Insurance Jyoti Life Insurance Company Limited Life Insurance Corporation … There are 27 Insurance Companies of Nepal. Here Is The Best Online Tool, These are the 15 most prestigious technology companies in the world. In the prime life insurance company, after intensive study of all these things, they recommend suggesting the relevant insurance service as per the customer, which is appropriate and economically sustainable. Neco Insurance Ltd. is a limited liability company registered under the Companies Act, 2021 BS. The company has its branches in all parts of the country. Rashtriya Bima Sansthan was established as the Private... 3. Replace the income that you produce in case of your death. Head Office:- Hattisar It is an insurance company which has also made its own remarks in insurance sector in Nepal and has reached to almost every Nepalese. The product is formed to cover the high net worth people who are out of the ring of life insurance. Phone:- ( 977 1) 4416556/4435636 Phone:- ( 977 1) 4442047/4430270 If the injured person is physically injured due to accident or illness, if he is permanently disabled, and when he is less than 60 years of age and after 6 months of insurance under the scheme, this benefit plan will be payable. The Insurance Board is governing all the existing 27 companies at the moment. Janakpur Branch at Janakpur Sub Metropolis- Murarka Bhawan, Bhanu Chok. It has been providing accessible services to attractive insurance conservation plans and benefits. E-mail:-info@nlgi.com.np, 18. Fax:- (977 1) 4240143 Head Office:- Lazimpat Banepa Branch at Banepa N.P. For this, you can contact the Gurans Life Insurance Company. There are other schemes of the company such as the advance payment insurance policy and many others which the customer can choose according to their preference. By the unusual circumstances that can come from this general employment, they have presented Primary Foreign Employment (Madi) Life Insurance Scheme. They are focused and dedicated to bringing the difference between their customers. 20. Pepsi: Pepsi is one of the competitor of Coca-Cola as it also has a different taste as a beverage. General Insurance Company Nepal Limited. The company jas the agreement with worlds renowned insurance companies like Hanover Life Re Germany and Score and Global Life Se France. Insurance company collects funds as premium method in accordance to their nature and corporate objectives. Gurans advance payment term life insurance plan is of special interest to persons who, besides desiring to provide for their own old age and family, feel the need for benefits at periodical intervals. Rastriya Beema Sansthan Sagarmatha insurance company limited. Pay inheritance taxes (inheritance/estate taxes). If you want to discuss your financial situation with personal interest, say one of their personal advisers will be glad to meet you in a favourable place to discuss your needs. It was established on 1 st Poush, 2051(16 th December, 1994). E-mail:- lic@mos.com.np, 9. phone no. Fax:- (977 1) 4425398 At the completion of the maturation of the policy, an attractive bonus is also given to the clients. In order to insure a large amount, minimize the risk disaster and obtain a lot of insurance business, every life insurance company needs the reinsurance company. The Metlife will pay the remaining loan amount and also provide financial support to your family. Before restoration of multiparty democracy in 1990, there were only five insurance companies existed whereas, during 17 years period (1991 to 2008), additional 20 insurance companies have been established. By insuring, you can satisfy all the financial needs of your leisure life. Life Care scheme is beneficial at the sudden demise due to unexpected events and 24 listed which provide the financial security to the family. The company’s capital is 1,73,40,00,000 and the authorized capital is 5 billion. Life insurance corporation (Nepal) limited. The institute has got skilled manpower in Nepali insurance market. For this, if a parent plans a plan for a while, these activities will change in the festival. Required fields are marked *. There are branches of this company throughout Nepal. Such savings and conservation plans that provide attractive maturity and substantial benefits. has been established and registered under the Company Act 2063 B.S. These are Alliance company limited, American life insurance company limited (Alico), Asian life insurance company, Deposit insurance and credit guarantee corporation, Everest insurance company limited., Gurans life insurance company limited., Himalyan general insurance company limited. Likewise, there are IME Annual Cash Back Plan(6%) and IME Annual Cash Back Plan(7%). Hannover company is the third largest reinsuring company in the world. The first one is the Gold Plan in which in case of death, future care DPS and benefits will be paid. Documents required by the one who wants to insure are Health tested documents, Copy of certificate or passport of Nepali citizenship, Passport number and Details of the beneficiary (copy of citizenship). If payment of premiums is discontinued after at least two years of the premiums have been paid. Asoj 15 but came into full function only in the year 2074 B. S. Bhadra 1. Since the first foreign company to obtain insurance allowance in Nepal, Metlife is a leading organization of the country to insure life insurance, accident and health insurance, and employee benefits.