List of insurance companies in Nepal

Insurance companies in Nepal are regulated by Nepal Beema Pradhikaran (Nepal Insurance Authority), an arm of Nepal Government's Ministry of Finance. As of November 2023, a total of 35 insurance companies are offering Life, Non-Life (General), Micro and Re-insurance services.

Life Insurance Companies
As of November 2023, 14 life insurance companies are in operation in Nepal: 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:


 * 1) Surya Life Insurance Company Limited and Jyoti Life Insurance Company Limited merged to form SuryaJyoti Life Insurance Company Limited.
 * 2) Sanima Life Insurance Limited and Reliance Life Insurance Limited merged to form Sanima Reliance Life Insurance Limited.
 * 3) Union, Prime and Gurans Life Insurance Company Limited merged to form Himalayan Life Insurance Limited.
 * 4) 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 (7th November 2023) due to a regulatory requirement set out in Insurance Act 2079.

Non-life (General) Insurance Companies
As of November 2023, 14 non-life insurance are operating in Nepal: 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:


 * 1) Himalayan Insurance Company Limited and Everest Insurance Company Limited, to form Himalayan Everest Insurance Company Limited.
 * 2) Sanima Insurance Company Limited and General Insurance Company Limited, to form Sanima GIC Insurance Company.
 * 3) Siddhartha Insurance Limited and Premier Insurance Company Limited (Nepal), to form Siddhartha Premier Insurance Limited.
 * 4) Sagarmatha and Lumbini Insurance Company Limited, to form Sagarmatha Lumbini Insurance Company Limited.
 * 5) IME General Insurance Limited and Prudential Insurance Company Limited, to form IGI Prudential Insurance Limited.
 * 6) United Insurance Company (Nepal) Limited and Ajod Insurance Company Limited, to form United Ajod Insurance Company Limited.

Reinsurance Companies
As of November 2023, 2 reinsurance are operating in Nepal:

Microinsurance Companies
There are 3 micro life insurance companies which are listed below. There are 4 micro non-life insurance companies which are listed below.