What is Beema Samiti?

Beema Samiti is also known as the Insurance Board organization in the market. Nepal’s autonomous regulatory body has been established with the vision of developing, systemizing, regularising and regulating the known autonomous insurance business. Autonomous Beema Samiti was established under the Insurance Act held in 1992.

what is Beema Samiti

Beema Samiti has a vision of long-term systemize development of the nation’s economy through organised systematic, regularised Bima authority. The organization intends to develop healthy competition and reliability in the Nepalese Bima authority.

Beema Samiti of Nepal

The Samiti is dedicated to the formulation and amendment of Beema policies. Moreover, it works to preserve the microinsurance rights of the public. The Samiti office aims to make Bima protected, transparent, reliable, and competitive. Beema Samiti is continuously promoting the insurance authority with news and notices.

Rashtriya Beema Samiti office circulates various updates, news, and information through circulars, paper media as well as the site to aware the public about the trends in practice in the Bima company. The organization Samiti regularly trains its workers to make sure the public gets reliable and easy service.

Beema Samiti Board Information

Beema Samiti latest home address is at Kupandol, Lalitpur with a Phone number of +977-1-5428604, +977-1-5521079.

beema samiti board

Beema Samiti has a regulatory authority board of members handling their roles and responsibilities.

The latest formation of Beema Samiti Nepal is known as follows.

  1. Chairman is nominated by Nepal Government.
  2. Member is a representative from the Law, Justice, and parliamentary affairs.
  3. Member is a representative of Finance.
  4. Member is a person who has a strong knowledge of Beema (nominated by the Nepal Government).
  5. Member is a person who the Government selects from people among the insured.

Recent Board Members

The latest new Head of Beema Samiti office are as follows.

  • Mr. Surya Prasad Silwa
  • Mr. Raju Raman Paudel
    Executive Director

The officers responsible for the directives function of Beema Samiti are published as follows:

  • Mr. Kamal Raj Regmi
  • Mr. Susil Dev Subedi
  • Pujan Dhungel Adhikari
  • Dinesh Kumar Lal
  • Kundan Sapkota
  • Dhruba Timilsina
  •  Shamba Raj Lamichchhane
  • Nirmal Adhikari
  • Keshav Prasad Dahal
  • Birodh Bhatta
  •  Nisha Ghimire
  • Punam Gyawali Shrestha
  • Santosh Karki
  • Kusum Sharma
  • Om Bahadur Adhikari
  • Laxmi Dhakal
  • Punam Gyawali (Shrestha)
  • Pradip Gautam
  • Nisha Ghimire
  • Birodh Bhatta
  • Rajendra Maharjan
  • Manju Thapa
  • Padam Prasad Sodari
  • Dhurba Gnawali
  • Hreedayaswor Pandit
  • Gopal Pangeni
  • Birod Wagle
  • Devendra Dhital
  • Milan Sigdel
  •  Pradip Gautam
  • Rajendra Maharjan
  • Binod Kumar Pokharel
  • Jamuna Aryal Acharya
  •  Gita Acharya
  • Pushpa Kunwar
  • Shambhu Prasad Mishra
  • Sunita Kumari Karki
  • Purna Bahadur Thapa

Beema Samiti Contact Details

Beema Samiti (Insurance Samiti)
Lalitpur district
Phone: +977-1-5421079, 5428604
Beema Samiti online: nib.gov.np
Beema Samiti Email: info@nib.gov.np

Insurance Board of Nepal

The Insurance Regulatory Authority of Nepal is Beema Samiti Insurance Authority Board, located in Lalitpur. The Parliament has done this Act on the regime of HIS MAJESTY KING BIRENDRA BIR BIKRAM SHAH DEVA in the 21st year. According to the Beema Act, 1992, the Samiti helps to systematize, organize, and regulate the Beema authority in the country. It also provides licenses to insurance bodies

The Federal Democratic Republic of Nepal looks after all the insurance-related activities. Creating a professional, healthy, and organized insurance market is the main concern of Samiti as a regulatory body. The insurance environment began to fluctuate after the restoration of Democracy in 1990.

Insurance Act, 1968 was repulsed by the new Insurance Act, 1992, i.e., Beema Ain, 2049, to meet the changing environment. The introductory part clearly defines the purpose of the Act. The different meanings of Act are to establish an Insurance Samiti to systematize, regularize, and organize the insurance authority. Beema Samiti acts as an autonomous body of the Insurance Act of 1992 to achieve the initial goal.

Life insurance, Non-Life insurance as well as Re-Insurance company lies under the insurance Samiti as there is a massive insurance policy found in Nepal.

There are different Beema companies for providing both types of insurance in Nepal. There are different schemas or yojana for both types of the insurance policy. According to the insurance company’s scheme, you can do the insurance on your vehicles, building, and many others as every company would have a better record of claim resolutions.

They may provide different distinctive yojana which satisfy their customer’s needs. An insurer can’t be judged by the amount of premium, i.e., high or low premium, or comparison to the premium rate on the ratio of the sum assured amount offered.

The individual should look after the insurance yojana, which will be helpful for them in an emergency as it may help them in the financial process. It helps in times of need and may help your family when you are not with them in an emergency. Before you get involved in a Beema policy, you should have mind make up for the lifestyle changes, rate of inflation, and economic standards.

Writing about Beema Samiti Insurance Nepal background, Beema Samiti (Insurance Board) is regulated by the Ministry of Finance (Mantri), Nepal. Beema stands for Insurance, and Samiti stands for Board which combined forms Insurance Board. The Beema Samiti Authority Board Nepal aims to create a professional, healthy and developed Beema market in Nepal.

beema samiti
beema samiti constitution

Insurance Board is established under the Beema act in 2049 and is an independent institution. The official journal (Beema News and views) is published a year thrice. Journals can be downloaded from the official website of Beema Samiti Board Nepal is nib.gov.np.

Beema Samiti Board Nepal has been the supreme authority and regulatory institute in Nepal for managing Beema Samiti.

The different primary function duties and power performed by the Beema Authority board are published as follows,

  • The Beema board helps the insurers to set the procedures to invest their funds and advise the priority sector for their investment.
  • They also help insurers, Beema agents, brokers so on to get Renewed and registered, well as they can cancel the registration and the cause for cancellation.
  • As there may arise, the complaint will be handled by the board and decided according to the complaint done by the insurer in accordance with the settlement of liability of Beema.
  • For the protection of interest of the insured, they help to formulate the necessity of basis. The different important functions of Beema Samiti are performed.
beema samiti functions

Rastriya Beema Samiti vacancy

Rashtriya been Samiti announces the latest vacancy for two IT officers (assistant manager) and one Health Assistant. The IT will be of the 6 grade, and he/she must have a recognized degree of BE computer or BSC computer Engineering or graduation in Electronics and Communication.

There might be new vacancies in Beema Samiti. We will let you know about it.

List of Beema companies in Nepal

Here are some of the insurance companies of Nepal that are members of Beema Samiti as per the approval and provide Beema service and news to the public under the board’s governance.

Beema companies in Nepal
  1. National Life Insurance ltd
    P.O. Box: 4332, Lazimpat, Nepal.
    Tel: 977-1-4414799, 4416556, 4414803, 4435636; Fax: 977-1-4435633
  2. Nepal Life Insurance ltd
    Heritage Plaza-1, 2nd Floor, Kamaladi, Nepal.
    Tel no: 01-5970971
  3. Life Insurance Corporation (Nepal) Limited
     Bhagwati Marg Naxal Bhagawatibahal, Nepal.
    Nepal Po Box No: 21905, Kathmandu, Nepal
    Ph No: 01-4012613, 01-4012614
  4. MetLife
    Kathmandu, Nepal.
    Phone: 977-1-5970166
  5. Asian Life Insurance
    Kathmandu Ma.Na.Pa Ward No 33, Maitidevi, Nepal.
    Phone: 977-1-4410115, +977-1-4530270
    Email: asianlife@asianlife.com.np
  6. Gurans Life Insurance
    Shree Raj Bhawan, Tinkune
    Toll: 1660-01-44400 
  7. Surya Life Insurance
    Sano Gaucharan, Kathmandu, Nepal
    Toll Free Number: 16600160000
    Phone: +01-4523743
    Email: Info@Suryalife.Com
  8. Prime Life Insurance
    Hattisar, Kathmandu
    Tel: 00977-1-4441414
    Toll: 16600144455
  9. Rastriya Beema Sansthan
    Ramshahpath, Singa Durbar (rbs.gov.np)
    Phone: 977-1-4262520