top 10 insurance company in Nepal

According to the Oxford Dictionary, insurance is “an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for the payment of a specified premium.”


Thus, insurance is a way of safety for any predictable or unpredictable probable loss. Insurance is beneficial because it provides security, an old-age pension, an investment or saving mechanism, and tax benefits. Some of the major insurance companies are listed in brief below.

Types of Insurance in Nepal


Life insurance: Life Insurance is the insurance against the risk associated with a person’s life. It is a way to reduce or manage risk. It provides financial protection in the event of a disaster. Life insurance offers financial support to the family of the deceased.


Non-life insurance: Non-life insurance covers losses brought on by various circumstances, including accidents, illnesses, fires, and other natural or artificial disasters.

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Reinsurance: Reinsurance is stop-loss insurance. Reinsurance is the process through which insurers, through a specific arrangement, transfer sections of their risk portfolios to other parties to reduce the possibility that they may have to pay a significant liability due to an insurance claim.

best insurance company in nepal

 

List of 10 Insurance company in Nepal

 

American Life Insurance Company Limited (Met Life):

Phone: 01-5670166

 Email: service-nepal@metlife.com.np

Website: https://www.metlife.com.np/en/

 

Asian Life Insurance Company Limited

Phone: 01-4410115

 Email: asianlife@asianlife.com.np

Website: https://www.asianlife.com.np/

 

Gurans Life Insurance Company Limited

Phone: 1660-01-44400

Email: info@guranslife.com

Website: https://guranslife.com/

 

Jyoti Life Insurance Company Limited

Phone: 01-4445941/42

 Email: info@jyotilife.com

Website: https://jyotilife.com/?lang=np

 

IME Life Insurance Company Limited

Phone: 01-4024071

 Email: info@imelifeinsurance.com

Website: https://imelifeinsurance.com/Home.aspx

 

Life Insurance Corporation(Nepal) Limited

Phone: 01-4012613/14

 Email: liccorporate@licnepal.com.np

Website: http://www.licnepal.com.np/

 

Mahalaxmi Life Insurance Company Limited

Phone: 01-4445740/41/42

 Email: info@mahalaxmilife.com

Website: https://mahalaxmilife.com.np/

 

National Life Insurance Company Limited

Phone: 01-4414799

Email: nlgilife@mail.com.np

Website: https://nationallife.com.np/

 

Nepal Life Insurance Company Limited

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Phone: 01-4169082/83

Email: info@nepallife.com.np

Website: http://nepallife.com.np/en/home

 

Reliance Life Insurance Limited

Phone: 01-4787224/225

Email: contact.center@relifeinsurance.com

Website: https://relifeinsurance.com/en/home/

 

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