Insurance companies in Nepal are regulated by Nepal Beema Pradhikaran (Nepal Insurance Authority), an arm of Nepal Government's Ministry of Finance. As of May 2026, a total of 37 insurance companies are offering Life, Non-Life (General), Micro and Reinsurance services.
Life Insurance Companies As of February 2026, 14 life insurance companies are in operation in Nepal: S.NLife Insurance CompanyOperating SinceWebsite1Rastriya Jeevan Beema Company Limited2025 B.S (1969 A.D)link2National Life Insurance Company Limited2044 B.S (1988 A.D.)link3Nepal Life Insurance Company Limited2058 B.S (2001 A.D)link4 Prabhu Mahalaxmi Life Insurance Limited2080 B.S (2023 A.D)link5Life Insurance Corporation (Nepal) Limited2057 B.S (2000 A.D)link6MetLife (ALICO)2058 B.S (2001 A.D)link7SuryaJyoti Life Insurance Company Limited2079 B.S (2023 A.D)link8Himalayan Life Insurance Limited2080 B.S (2023 A.D)link9Asian Life Insurance Company Limited2064 B.S (2008 A.D)link10IME Life Insurance Company Limited2074 B.S (2017 A.D)link11Reliable Nepal Life Insurance Company Limited2074 B.S (2017 A.D)link12Sanima Reliance Life Insurance Limited2079 B.S (2023 A.D)link13Citizen Life Insurance Limited2074 B.S (2017 A.D)link14Sun Nepal Life Insurance Company Limited2074 B.S (2017 A.D)link At one time, there were 19 life insurance companies in Nepal. To reduce the number of companies, Nepal Beema Pradhikaran introduced a new minimum capital requirement. Due to the new requirement of NRs.5 Arba (NRs. 5 Billion), the following companies underwent mergers:
Surya Life Insurance Company Limited and Jyoti Life Insurance Company Limited merged to form SuryaJyoti Life Insurance Company Limited. Sanima Life Insurance Limited and Reliance Life Insurance Limited merged to form Sanima Reliance Life Insurance Limited. Union, Prime and Gurans Life Insurance Company Limited merged to form Himalayan Life Insurance Limited. Prabhu and Mahalaxmi Life Insurance Company Limited merged to form Prabhu Mahalaxmi Life Insurance Limited.
Additionally, Rastriya Beema Sansthan was converted into Rastriya Jiban Beema Company Limited on the 21st of Kartik, 2080 (7 November 2023) due to a regulatory requirement set out in Insurance Act 2079.
Non-life (General) Insurance Companies As of May 2026, 14 non-life insurance are operating in Nepal: +S.NNon-Life Insurance CompanyOperating SinceWebsite1Nepal Insurance Company Limited2004 B.S (1947 A.D)link2The Oriental Insurance Company Limited2012 B.S (1956 A.D)link3National Insurance Company Limited2030 B.S (1974 A.D)link4Himalayan Everest Insurance Company Limited2079 B.S (2022 A.D)link5United Ajod Insurance Company Limited2080 B.S (2023 A.D)link6Neco Insurance Limited2051 B.S (1994 A.D)link7Sagarmatha Lumbini Insurance Company Limited2079 B.S (2023 A.D)link8Prabhu Insurance Limited2053 B.S (1996 A.D)link9IGI Prudential Insurance Limited2080 B.S (2023 A.D)link10Shikhar Insurance Company Limited2061 B.S (2004 A.D)link11NLG Insurance Limited2054 B.S (1998 A.D)link12Siddhartha Premier Insurance Limited2050 B.S (1994 A.D)link13Rastriya Beema Company Limited2071 B.S (2015 A.D)link14Sanima GIC Insurance Limited2079 B.S (2022 A.D)link At one time, there were 20 non-life insurance companies in Nepal. To reduce the number of companies, Nepal Beema Pradhikaran introduced a new minimum capital requirement. Due to the new requirement of NRs.2.5 Arba (NRs. 2.5 Billion), the following companies underwent mergers:
Himalayan Insurance Company Limited and Everest Insurance Company Limited, to form Himalayan Everest Insurance Company Limited. Sanima Insurance Company Limited and General Insurance Company Limited, to form Sanima GIC Insurance Company. Siddhartha Insurance Limited and Premier Insurance Company Limited (Nepal), to form Siddhartha Premier Insurance Limited. Sagarmatha and Lumbini Insurance Company Limited, to form Sagarmatha Lumbini Insurance Company Limited. IME General Insurance Limited and Prudential Insurance Company Limited, to form IGI Prudential Insurance Limited. United Insurance Company (Nepal) Limited and Ajod Insurance Company Limited, to form United Ajod Insurance Company Limited.
Reinsurance Companies As of May 2026, 2 reinsurance are operating in Nepal: +S.NReinsurance CompanyOperating SinceWebsite1Nepal Reinsurance Company Limited2071 B.S (2014 A.D)link2Himalayan Reinsurance Limited2077 B.S (2020 A.D)link
Microinsurance Companies There are 3 micro life insurance companies which are listed below. +S.NMicro Life Insurance CompaniesOperating SinceWebsite1Crest Micro Life Insurance Limited2080 B.S (2023 A.D)link2Guardian Micro Life Insurance Limited2080 B.S (2023 A.D)link3Liberty Micro Life Insurance Limited2080 B.S (2023 A.D)link There are 4 micro non-life insurance companies which are listed below. +S.NMicro Non-Life (General) Insurance CompaniesOperating SinceWebsite1Nepal Micro Insurance Company Limited2080 B.S (2023 A.D)link2Protective Insurance Company Limited2080 B.S (2023 A.D)link3Star Micro Insurance Company Limited2080 B.S. (2023 A.D.)link4Trust Micro Insurance Company Limited2080 B.S. (2024 A.D.)link
References
External links Insurance Regulatory Authority of Nepal