Insurance Company in Nepal – Life and Non life

The term insurance is defined as being Insureness that our wealth is secured. We need insurance for the betterment of our Future. There are various Insurance Company in Nepal. These companies provide insurance policies for us. Life is uncertain and unpredictable there are various unpleasant situation so, having insurance is a peace of mind. Insurance is having a shield that protects us from potential financial loss. It helps to secure our future.

There are various uncertain problems and risks. These risks and problems may come at any time. So, to protect from the potential damage caused by these problems we need insurance. There are various plan and policies offered by the insurance agencies. All we have to do is select a suitable plan. The insurance company will take care of all our problems because we have insurance.

Why insurance is important in Nepal?

Living in an under developing country like Nepal always comes with different problems. The GDP of Nepal is low and people are not financially able to deal with the problems because of low income. Financial problems always come with the financial loss eventually leading to the financial crisis. So to deal with these types of financial problems we need insurance because insurance helps to cover our problems. This is why insurance is important.

Why insurance is important?

  • Insurance help in the development of the Nation and people by providing life/non-insurance services.
  • To increase awareness for the people so that they can secure their assets and life.
  • Various plan and policies of insurance help to meet the needs of the people and the community.
  • To guaranteed about the secureness of the money/life/property and health of the people.

People living in Nepal only know very few about insurance. Most of the people don’t know about insurance and what does it so. Having insurance is a great way to protect you and your family. And things you love most like automobile, property and many other assets.

Get a suitable policy from the insurance company in Nepal and cover up the financial disaster. Despite depositing all of your money in the bank for few interests start investing in insurance in Nepal. Insurance is far better than the bank. In insurance, you can decide the time period of your policy. During this time period if you suffer financial loss or any other problems the insurance will cover all your expenses. If everything goes smooth your and your property are safe then the money you invested in insurance return back to you with interest%.

Be a smart person and do insurance to secure you and your loved one, things you love.

Type of insurance according to the policies they sell

There are various types of insurance available in market. Mostly we need two types of insurance.

  • Life insurance
  • Non-life insurance

Normally Life insurance deals with our health hazards. And non-life insurance deals with the hazards related to our property and business.

Insurance companies in Nepal

Let’s talk about the insurance companies in Nepal. People of nepal are learning the inportance if insurance in nepal and start investing in it. There are various companies established for providing the best insuranc for you and your property. Here are the list of life and non life insurance companies in Nepal.

Life Insurance Companies In Nepal

  • Rastriya Beema Sansthan
  • Asian Life Insurance Company Limited
  • Metlife-American Life Insurance Company Limited
  • Nepal Life Insurance Company Limited
  • Citizen Life Insurance Company limited
  • Gurans Life Insurance Company Limited
  • National Life Insurance Company Limited
  • IME Life Insurance Company Limited
  • Jyoti Life Insurance Company Limited
  • Reliance Life Insurance Company Limited
  • Prime Life Insurance Company Limited

Non Life Insurance Companies in Nepal

  • Shikar Insurance Company Limited
  • Neco Insurance Company Limited
  • Sagarmatha Insurance Company Limited
  • Premier Insurance Company Limited
  • Siddhartha Insurance Company Limited
  • Prabhu Insurance Company Limited
  • Nepal Insurance Company Limited
  • IME General Insurance Company Limited
  • Ajod Insurance Company Limited
  • Everest Insurance Company Limited

Why do we need insurance?

Earning money is an easy thing but protecting it is really tough so we need insurance. You work so hard to earn money so that you can have a secure future for you and your family. Insurance was invented to assure people about there assets are safe and secured.

Sometimes uncertain accidents can cause huge financial loss to you. Loosing all the hard earn money due to the uncertain disasters and accident can be quite heartbroken because they cause a huge amount of financial crisis. So to protect your wealth and be financially strong you need Insurance. Losing money does not take time all the years of hard work can go in just a few seconds if it is not secured. To secure your hard earn wealth so that you can have a better future you need insurance. In short, insurance is being ensured that your hard-earned money is safe.

In life, we all have difficulty the most common one is being not able to overcome financial difficulties. As these financial crises can cause huge amount to wealth loss. No one could imagine that years of hard earn money gone in just a few days giving us financial loss. So having insurance can help you to overcome different types of financial difficulty with securing your future.

Having insurance is just like having a protective covering that protects us from the problems specially financial crisis. Insurance is like a roof over your head “secure and protected”

Best Life Insurance companies in Nepal

The best Life Insurance Company in Nepal are distinguished on the basis of the number of policies they sell. The highest number of policies they sell determines that the company is best. Nepal Life Insurance Company is the best and the number one insurance company in Nepal. This company is able to sell more than 13 lakhs insurance policies. Similarly, Met-Life American insurance company is in second and the third best insurance company in Nepal is the National Life Insurance Company.

Best Life Insurance Company In NepalNumber of Policies they sell
Nepal Life Insurance Company Limited (NLIC)More than 13.5 lakhs policies
Met-Life American Insurance Company Limited (ALICO)More than 11.5 lakhs policies
National Life Insurance Company Limited (NLICL)More than 8.5 lakhs policies
Best life Insurance companies in Nepal

list of insurance companies in Nepal

Hera are the list of life and non life insurance companies available in Nepal.

  • Rastriya Beema Sansthan.
  • Asian Life Insurance Company Limited.
  • Metlife-American Life Insurance Company Limited.
  • Citizen Life Insurance Company limited.
  • Gurans Life Insurance Company Limited.
  • National Life Insurance Company Limited.
  • IME Life Insurance Company Limited.
  • Jyoti Life Insurance Company Limited..
  • Reliance Life Insurance Company Limited
  • Prime Life Insurance Company Limited
  • Shikar Insurance Company Limited
  • Neco Insurance Company Limited
  • Sagarmatha Insurance Company Limited
  • Premier Insurance Company Limited
  • Siddhartha Insurance Company Limited
  • Prabhu Insurance Company Limited
  • IME General Insurance Company Limited
  • Ajod Insurance Company Limited
  • Everest Insurance Company Limited
  • Surya Life Insurance Company Limited
  • National Life Insurance Company Limited
  • Prime Life Insurance Company Limited.

Oldest Life Insurance Companies In Nepal

Here are the list of some of the oldest insurance companies in Nepal.

  • Rastriya Beema Sansthan
  • Asian Life Insurance Company Limited
  • Metlife-American Life Insurance Company Limited
  • Gurans Life Insurance Company Limited
  • Surya Life Insurance Company Limited
  • Nepal Life Insurance Company Limited
  • National Life Insurance Company Limited
  • Prime Life Insurance Company Limited.

National life insurance company

National Life Insurance Company is one of the oldest and the best companies in Nepal. The company was formally established in 1988AD to provide the best policy in Nepal.

This company is more than two decades old and one of the number one among many insurance companies in Nepal. The company also has the highest number of policies sold and customers all over Nepal. You can visit their website Here.

How much does an insurance agent earns in Nepal?

The earning of a insurance agent is not fixed. It depends on the number of policies you sell. It depends upon your skill, how good you are at convencing people to byu policies. The commision rate is different policies. If you able to sell high value policy you get high comission. The amount of money you earn can be from 10,000 more then 1,00,000. There are no limitations about earning. The more you sell the more you earns.

How many insurance companies are there in Nepal?

All together there are more than 30 Life and non life insurance companies in Nepal Including 1 ReInsurance company in Nepal. The number of insurance companies are increasing day by day. In past there were very few companies. But today there are almost more then 30 companies are in Nepal. It is because of the growing need of insurance. People wanted to secure their goods result they need insurance.

Fix deposit or Insurance?

Fix deposit and Insurance are completely different things. In fix deposit, you get fixed interest whereas in insurance you get a bonus. The bank does not give bonus if it gets profit but you get bonus in insurance. In fix deposit, you put your money for certain time interval. And if something happens to you or your family you cannot use your own money at that time. But in Insurance, you get your money back and with some benefits in case of loss or damage.

For example you bought a bike and you have some money in the fix deposit of bank. unfortunately you had a accident and your bike gets completely damaged. The bank will not retuen your money. But if you have insurance the insurance company will completely fix your bike. Even provide new depending upon the damege. You dont have to spend single rupees on the bike. So be smart and invest in insurance. Buying insurance policies comes with great benifir. Rather then investing in fix deposit in bank.

How to become an insurance agent in Nepal?

Becoming an agent in insurance companies is easy. You need certain education background like SEE pass. If you are a student and a house wife beconing an agent at insurance companies will help you to genetate passive income. Go to the nearest insurance office and apply to become a insurance agent. You will get a call from the office and they will provide you with some tranning. You have to enroll in the tranning givien by the insurance companies. After that you will become one of there agent. Become agent and sell policies in retuen you will get certain amount of money from the company as a Commission. The amount of Commission depends on the number of policies you sell. no ned to go the office you can work from your home or anywhere. There are people in nepal who gets high comission and you can be one of them.

hurry up if you are searching for a partime job then being an agent can be the best option for you.

life Insurance Corporation Nepal.

Life Insulation Corporation Nepal is also known as the LICN is one of the largest and biggest Insurance company. The headquarter of the company lied in India. Currently, this company is working in Nepal under the rules of the Nepal government. It is also one of the best company in Nepal. This company came to Nepal to ensure and enhance the quality of life of people. People living and working in Nepal can by there policy.

Health Insurance in Nepal

Health insurance comes under the life Insurance policy. There are different insurance companies that provide various health insurance. You can call at the office and ask about the policies or you can directly visit the office. Every company who is running insurance has there own agents. If you are interested you can call one of their agents they will come to you.Some of the health insurance companies in Nepal are:

  • Gurans Life Insurance Company Limited.
  • National Life Insurance Company Limited.
  • IME Life Insurance Company Limited.
  • Jyoti Life Insurance Company Limited.
  • Reliance Life Insurance Company Limited.
  • Prime Life Insurance Company Limited.