Compare 10 licensed non-life insurers in Nepal for motor, property and business cover. See official sites, claims questions and a fair selection method.

Non-life insurance in Nepal: What does it cover?

Non-life insurance is often called general insurance. Depending on the contract, it may cover motor vehicles, buildings, fire, theft, marine cargo, travel medical emergencies, personal accidents, agriculture, engineering projects or business risks. These are different products. A company offering motor insurance is not automatically the right provider for an engineering or cargo risk.

Life insurance is a separate category. For that subject, see the Ratings Nepal life insurance comparison.

The Nepal Insurance Authority identifies 14 non-life insurers. The Authority's mid-July 2026 statistics reported non-life gross premium of NPR 51.92 billion for the reporting period shown on its dashboard. This measures premiums, not claim satisfaction or policy quality. Check the latest reporting period before quoting the number elsewhere.

Quick comparison: Ten licensed insurers worth checking

The table is alphabetical, not a ranking by quality. Product references reflect the insurers' published information, not independently tested service performance.

How Ratings Nepal selected these ten

Eligible field: All 14 non-life insurers on the NIA list were considered: Nepal Insurance, Oriental, Rastriya Beema, National Insurance, United Ajod, Neco, Sagarmatha Lumbini, Prabhu, IGI Prudential, Shikhar, NLG, Siddhartha Premier, Himalayan Everest and Sanima GIC.

Editorial screen: We checked regulator-listed identity, whether an official site could be identified, availability of product information, a public contact or claim route, and usefulness for comparing common retail or business covers. The ten above had accessible information sufficient to explain a practical starting point during this review. We did not independently audit solvency, complaints, policyholder satisfaction, claim turnaround, or every branch. There is no numerical scoring and no payment or advertising influence. The alphabetical order does not indicate relative performance.

A company omitted from this article may be just as suitable, or more suitable, for your specific risk.

The ten companies in more detail

1. IGI Prudential Insurance

IGI Prudential publishes product categories including property, motor, marine, engineering, aviation, agriculture and a health-related insurance product. Its official site also identifies a grievance contact. This makes it a useful comparison for customers who want both personal and business risk quotations. Ask whether the specific product is currently offered in your district, what documentation is required for a claim and whether any special exclusions apply.

2. Neco Insurance

Neco Insurance provides publicly accessible proposal forms for products including travel medical, motor and engineering insurance. Proposal forms help buyers see what information underwriters request, but they are not substitutes for the final policy. Compare the sum insured, depreciation clauses, deductibles, repair arrangements and claim notification requirements before signing.

3. Nepal Insurance Company

Nepal Insurance provides a dedicated claim-intimation contact and downloadable claim-intimation guidance on its site. That is useful when evaluating how you would report an incident. Ask for the exact policy schedule, insured risks, exclusions, excess, claim evidence and service point that will handle your case. Do not infer a settlement-speed guarantee from the availability of a contact number.

4. NLG Insurance

NLG Insurance publishes agriculture insurance information covering activities such as livestock and crops, alongside its wider general-insurance business. For farmers, cooperatives and agri-enterprises, compare covered events, inspection rules, required records, waiting periods and any applicable subsidy arrangements. Confirm current eligibility and product availability directly with NLG and the relevant authorities.

5. Prabhu Insurance

Prabhu Insurance publishes house and other general insurance information and offers proposal and claim-related documents through its website. A homeowner should ask whether the quote covers the building only or also contents, what risks are named, how replacement value is assessed and how an earthquake or flood-related loss would be treated under the specific policy.

6. Sagarmatha Lumbini Insurance (SALICO)

SALICO identifies motor, property, marine, engineering, aviation and agriculture among its product categories. It also provides an online claim-start option and customer-service contact. For importers or contractors, request a policy wording tailored to the actual shipment, project or equipment. Marine cargo, transit and engineering policies should not be treated as interchangeable.

7. Sanima GIC Insurance

Sanima GIC provides a quotation pathway and guidance on claims and grievances. Use the quote to ask for an itemised breakdown: base premium, applicable taxes or charges, deductibles and optional add-ons. Compare what the insurer promises in writing, rather than marketing descriptions of how easy claims will be.

8. Shikhar Insurance

Shikhar Insurance lists vehicle, health, travel medical, agriculture, home, property and marine-transit products. It also publishes claim-tracking and premium-calculation facilities. These digital tools may make administration easier, but the decision still depends on coverage. Ask about authorised repair arrangements, claim documents, surveyor involvement and exclusions relevant to your vehicle or property.

9. Siddhartha Premier Insurance

Siddhartha Premier Insurance is on the NIA non-life list and provides a client claim-information portal. For business owners, compare liability limits, fire and property cover, machinery or engineering extensions, and whether business interruption is included or excluded. Confirm the current product schedule and claims contact with the insurer.

10. United Ajod Insurance

United Ajod Insurance publishes personal insurance categories including motor, home, accident and travel, plus business-related covers. Its website also offers a grievance channel. Buyers should ask about renewal terms, the effect of previous claims, no-claim discounts where applicable, and whether any advertised online figure applies to their exact vehicle or risk.

Other good options worth considering

The four other insurers on the same NIA list are Himalayan Everest Insurance, National Insurance, The Oriental Insurance and Rastriya Beema Company. Their absence is not a negative assessment. They may offer suitable policies, service relationships or sector expertise. Request quotations from them too, particularly if an existing broker or business partner recommends a relevant product. Check their current contacts through the NIA insurer list.

Motor insurance: Third-party versus comprehensive

A common mistake is assuming every motor policy covers damage to your own vehicle. Third-party liability cover and own-damage or comprehensive-style cover address different risks. The exact cover, mandatory requirements and extensions depend on current rules and policy wording. Before buying, ask the insurer to show you:

1. What happens if you damage another person's property or injure someone.
2. Whether your own vehicle is covered for accidental damage, theft, fire, flood or other named risks.
3. The excess or deductible you must pay for each claim.
4. Depreciation, parts replacement and authorised workshop conditions.
5. What is excluded when the driver is unlicensed, intoxicated or using the vehicle outside permitted conditions.
6. How quickly you must notify the insurer after an incident.

Do not assume a policy called “comprehensive” covers every possible event.

Property and business insurance: Questions that save trouble later

For a house, shop, restaurant or factory, the sum insured is crucial. Underinsurance may reduce a claim depending on the contract. Ask whether cover is based on rebuilding cost, replacement value or another valuation method. For a business, check stock, machinery, public liability, goods in transit, cash and business interruption separately.

If your risk is seasonal, such as a warehouse storing festival goods, explain that clearly. If your business has changed location or activity, ask whether the policy must be amended. Keep purchase invoices, stock records, photographs and other evidence safely.

How to compare quotes fairly

Use this practical comparison worksheet. Ask every insurer to quote the same assumptions.

Never sign a blank proposal form. Answer underwriting questions truthfully, retain payment proof and ask for the full policy wording before or immediately upon issue.

What to do if a claim is delayed or disputed

1. Notify the insurer through its published channel and keep the reference number.
2. Submit the documents requested in the policy, keeping copies.
3. Ask for a written explanation of any missing document, reduction or rejection.
4. Use the insurer's grievance process if the answer is unclear.
5. If unresolved, consult the Nepal Insurance Authority for the current complaint process and applicable rules.

A claim may require investigation. Neither a quick acknowledgement nor a marketing promise proves that the final amount will be paid.

Frequently asked questions

How many non-life insurance companies are there in Nepal in 2026?

The Nepal Insurance Authority's list checked on 12 October 2026 shows 14 non-life insurers. Verify the latest list before buying because licensing and mergers can change.

Which non-life insurance company is best in Nepal?

There is no single verified best insurer for every customer. Compare the specific policy, claim conditions, service accessibility and written price. This article is an editorial shortlist, not a consumer-voted ranking.

Is non-life insurance the same as life insurance?

No. Non-life policies cover specified risks such as vehicles, property, travel or business liabilities. Life insurance addresses risks associated with human life under a different type of contract.

Does motor insurance cover flood damage?

Only if the relevant policy wording includes that risk and its conditions are met. Ask the insurer to identify the flood-related clause in writing.

Is the lowest premium the best choice?

Not necessarily. A cheaper policy may have a higher deductible, lower limit or narrower cover. Compare like for like.

Can I buy insurance online in Nepal?

Some insurers offer online quotes, payment or policy facilities. Confirm that the website belongs to the licensed insurer and that the final issued document matches what you requested.

What if my insurer refuses a claim?

Request the reason in writing, check the policy clause, use the insurer's grievance procedure and consult the regulator where appropriate.

Final thoughts

The best starting point is not a company logo or an advertisement. It is a written comparison of coverage, exclusions, excess, claim support and total premium. Check licensing first, obtain several comparable quotes and choose the policy that matches the actual risk you want to protect.

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Sources and accuracy notes

• Nepal Insurance Authority: licensed insurers
• Nepal Insurance Authority: sector statistics
• Official company websites linked individually in the comparison and profiles above
• Related Ratings Nepal life insurance guide

Information likely to change: insurer licences, product names, premiums, claim processes, policy wording, branches, online services and regulator statistics. Last checked: 12 October 2026. This is general consumer education, not personal insurance or legal advice. Editorial positions cannot be purchased, and the companies have not been independently scored for claim satisfaction.