A non-life insurance company of Nepal that was established in 1947 AD as "Nepal Malchalani Tatha Beema Company" later changed it's name to "Nepal Insurance & Transport Company Ltd" in 1959 AD, and now known as "Nepal Insurance Company Limited" since 1991 AD.
The company was incorporated in 2051-09-06 under the Company Act 2021(Currently Company Act 2063) and operated as general insurance company after obtaining a license in 2053-02-17 under the insurance act 2049. The registered office of the Company is located at Kamaladi, Kathmandu, Nepal.
This is the First Insurance Company of Nepal which is promoted by Nepal Bank Ltd; The First Commercial Bank of Nepal, owned by Government of Nepal having a very strong backup from Nepal Bank Ltd & Asian Life Insurance Co. Ltd. along with other Promoters by holding 51% of the shares and 49% of the shares to General Public. The shares are listed in Nepal Stock Exchange and are easily and instantly tradable in the stock market with higher value than its net worth.
Operating with 58 Branches across the country through more than 275 trained dedicated manpower. Strong Reinsurance Backup. Associated with world’s leading Reinsurance Companies rated highly for their financial stability and claim payment capabilities by reputed agencies like Standard & Poor and A.M. Best. Hannover Ruck, Germany which is the world’s 3rd largest reinsurance company is the Consortium Lead.