List of Non-life Insurance Companies in Nepal

There are two types of insurance services in the market; Life Insurance and Non-Life or General Insurance. The Non-Life or General Insurance covers for all the automobiles, showrooms, house, industry, warehouse etc and related insurance services. Personal Accidents, Personal Medical, Travel Trip are also covered in Non-Life Insurance. The nature of Non-Life insurance is normally short term, such as one year.

Recommended reading: Social Health Security (Health Insurance) Program in Nepal

Here are the registered Non Life Insurance Companies in Nepal.

Ajod Insurance Company Limited
Everest Insurance Company Limited
General Insurance Company Nepal Limited
IME General Insurance Company Limited
Himalayan General Insurance Company Limited
Lumbini General Insurance Company Limited
National Insurance Company Limited
Neco Insurance Company Limited
Nepal Insurance Company Limited
NLG Insurance Company Limited
Oriental Insurance Company Limited
Prabhu Insurance Company Limited
Premier Insurance Company (Nepal) Limited
Prudential Insurance Company Limited
Rastriya Beema Company Limited
Sagarmatha Insurance Company Limited
Sanima General Insurance Company Limited
Shikhar Insurance Company Limited
Siddhartha Insurance Company Limited
United Insurance Company (Nepal) Limited

Health Insurance Packages

AJOD Insurance Limited Health Care

AJOD Insurance Limited has recently introduced the Cashless Scheme in medical for which, it has tied-up with multiple hospitals for better customer service in medical insurance.

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In this scheme customer need not to deposit amount in hospital during admission time and also will not have to worry for the collection of bills from hospital for claim settlement. Claim settlement process is done through hospital in coordination with AJOD. This cashless scheme is only cover under Group Medical & Hospitalization Insurance.

Sumeru City Hospital
Sumeru Hospital Pvt. Ltd.
Vayodha Hospital Pvt. Ltd
Om Hospital & Research Center Pvt. Ltd.
Grande International Hospital
Chirayu National Hospital & Medical Institute
Nepal Mediciti Hospital
Blue Cross Hospital

Everest Insurance Company

Medical Expenses Insurance: This insurance covers the medical expenses of the insured persons arising from illness, accidental injury and illness as stated in the policy.

General Insurance Company Nepal Ltd

GIC-Health: GIC-Health services are available from Chirayu Hospital & Medical Institute Pvt. Ltd

Travel Medical Insurance: Overseas Travel Medical Insurance policy covers medical emergency, accidents and personal liability. Medical expenses in third country are very expensive. This Insurance Policy manages burden of these kind of huge expenses.

Recommended reading: Social Health Security (Health Insurance) Program in Nepal

Personal Accident: Personal Accident Insurance covers financial loss which may arise with a result of accident caused by external violent and visible means causing death or disablement by bodily injury. Comprehensive Personal Accident covers temporary disablement and medical expenses upto certain limits.

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IME General Insurance Limited

Personal Accident Insurance: This insurance provides cover against the death and / or bodily injury due to accident. This policy can be taken for individual or in group.

Medical Insurance: This insurance essentially covers medical expenses in case of hospitalization as a result of accident or illness and can be extended suitably to cover the treatment as out patients not requiring hospitalization. This is also a very suitable health insurance cover for any employee groups including dependent family members.

Travel Medical Insurance: Traveling has been more often now a day. People travel abroad with various reasons. It is not sure that your travel will be smooth and risk less. So Our travel medical insurance is here for medical expenses, personal liability, loss of passport, delay of checked baggage. We offer these wide ranges of coverage during Travel Trip Insurance policy having worldwide cover.

IGI Health Care

IGI has recently introduced the Cashless Scheme in medical for which, it has tied-up with multiple hospitals for better customer service in medical insurance. In this scheme customer need not to deposit amount in hospital during admission time and also will not have to worry for the collection of bill from hospital for claim settlement. Claim settlement process is done through hospital in coordination with IGI.

This cashless scheme is only cover under Group Medical & Hospitalization Insurance.

Norvic International Hospital
Dirghayu Guru Hospital & Research Center Pvt. Ltd.
Nepal Mediciti Hospital
Nidan Hospital Pvt. Ltd.
Star Hospital
B&B Hospital
Blue Cross Hospital
Om Hospital & Research Centre (P.) Ltd
Swacon International Hospital Pvt. Ltd.
Grande International Hospital, Kathmandu
Vayodha Hospitals,
Chure Hill Hospital Pvt. Ltd.
CP Hospital Pvt. Ltd
National Medical College Pvt. Ltd, Birgunj

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Himalayan General Insurance (HGI) Company Limited

Group Medical Insurance: If insured shall undergo medical treatment due to sickness or bodily injury resulting from accident, the company will reimburse the following expenses necessarily and reasonably incurred up to the limit of benefit in the policy schedule. Expenses incurred for domiciliary medical treatment due to sickness or accident.

Cost of Doctor, Physician, Specialist’s fee
Cost of medicine, medical appliances, dressing
Cost of X-ray, ECG, USG, Pathological test, Physiotherapy, Acupuncture

Travel Insurance: Overseas Medical Travel Insurance: HGI’s Overseas Medical Travel Insurance provides you a reliable & exclusive cover whilst you are traveling around the world. HGI offers you best possible protection if you have a sudden, unexpected illness or injury while traveling overseas. The Specialty Assistance provide effective medical assistance round the clock anywhere in the world. This Insurance provides the benefits of :

Personal accident
Medical and emergency expenses
Hospital benefits

Bupa Global Travel Insurance: Bupa Global Travel Insurance gives you expert protection for medical and a range of non-medical emergencies while you’re traveling.

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Group Hospitalization: If insured shall require hospitalization due to sickness or bodily injury resulting from accident, the company will indemnify the amount per day of hospitalization and the surgical benefit as specified in the schedule.

Lumbini General Insurance Company Ltd.

Miscellaneous Accident Insurance is a contract of indemnity/compensation against loss/damage to the insured Property/ Subject-Matter/ Person/ Group/ Institution during the currency of the respective policy. Under this class of insurance, there are various types of insurance covers as follows:

Group/Personal Accident Insurance
Health [Medical & Hospitalization] Insurance
Overseas Travel & Medical Insurance

National Insurance Company

Health Insurance: Health insurance is an insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons. By estimating the overall risk of health care and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement.

Neco Insurance Ltd.

There are various types of general insurance policies for individuals, industries, trade and commerce.

Personal Accident Insurance
Travel Medical Insurance
Medical Insurance

Nepal Insurance Company Limited

Covid-19 Insurance: Nepal Insurance announces the launch of Covid-19 Insurance Policy to ensure financial security to fight against this global pandemic.
Travel Medical Insurance: Travel Medical Insurance is designed for individuals traveling outside their home country for a certain period of time. This offers medical expense and emergency medical evacuation coverage while away from home in a foreign country.
Personal Accident (PA): Personal Accident insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. It is different from life insurance and medical & health insurance.
Group Personal Accident (GPA): Group Personal Accident insurance policy offers benefits like accidental death cover, disability cover. This policy is beneficial to those organizations where a number of employees is more and it covers all the employees under one policy.
Group Medical Insurance: Group Medical Insurance Policy provides medical coverage which includes hospitalization expenses, medicine, consumables, and diagnostic expenses.
Health Insurance: Health insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses.

NLG Insurance Company Limited

NLG Insurance Company Limited is a part of National Life and General Insurance(NLGI) incorporated in 1988 to conduct Life as well as General business, as composite insurance company. NLG also provides the following products to protect your interest in various aspects such as Medical Insurance;

Personal Accident and Group Personal Accident Insurance
International Travel & Medicare Insurance
Medical Insurance
Covid-19 Insurance Policy

The Oriental Insurance Company Limited

Group Mediclaim Insurance: Mediclaim Insurance is a cover which takes care of medical expenses following Hospitalisation/Domiciliary Hospitalisation of the Insured in respect of the following situations: (A) In case of a sudden illness (B) In case of an accident (C) In case of any surgery which is required in respect of any disease which has arisen during the policy period. The major benefit for taking a Group Mediclaim policy is that the insured gets a Group discount, hence the premium per person is lower.

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Covered Risks: This cover is a hospitalisation cover and provide reimbursement of the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an in patient.The cover also extends to pre-hospitalization and post- hospitalisation for periods of 30 days and 60 days respectively.

Recommended reading: Social Health Security (Health Insurance) Program in Nepal

Personal Accident Policy: This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident caused by violence, visible and external means, resulting into death or disablement be it temporary or permanent.

Covered Risk: This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident.

Prabhu Insurance

Personal Accident Insurance: This policy covers financial loss that may arise as a result of accident caused by violent and visible external means causing death or disablement due to bodily injury. In the case of comprehensive personal accident insurance it covers temporary total disablement and medical expenses up to fixed limits.
Travel Insurance: Prabhu Travel Insurance Policy is intended to cover the insured in the event of sudden and unexpected sickness or accident arising when he is abroad.
Medical Aid Scheme Insurance

Premier Insurance Company (Nepal) Limited

Travel Medical Insurance: This is a travel insurance policy that provides medical expenses for sudden and unexpected illness or accident whilst traveling outside the kingdom of Nepal. This insurance has policy limits and excesses. The policy limit is the maximum amount that insurers will pay for any loss and the excess is the first amount of each and every claim that the insured person is required to pay.
Domiciliary/Hospitalization Mediclaim: This cover is dedicated to take care of the insured’s expenses incurred during his treatment in hospital/nursing home due to some illness or accidental incurred during domiciliary treatment.

Prudential Insurance Co. Ltd.

COVID-19 Insurance
Medical and Health Insurance: This insurance essentially covers medical expenses in case of hospitalization as a result of accident or illness and can be extended suitably to cover the treatment as out patients not requiring hospitalization. This is also a very suitable health insurance cover for any employee groups including dependent family members.
Overseas Medical and Travel Insurance: This insurance is suitable for private individuals and business executives undertaking overseas trips to Europe, America and other countries. It covers medical expenses that are necessarily incurred abroad following an accident or a sudden illness. Loss of baggage and passport and certain other expenses incidental to the main claim are also payable.

Recommended reading: Social Health Security (Health Insurance) Program in Nepal

Rastriya Beema Company Ltd

Medical Aid Insurance: In this insurance, the expenses resulting from the medical treatment of the personnel employed in any institutions or offices and their families are covered for. Illness during travel is also embraced under this insurance policy.
Traveling Medical Insurance: Under this insurance policy, personal accidents, emergency medical expenses, emergency medical evaluation and other, hospital benefits outside of the country are covered. The burden of the expenses can be managed.
Personal Accident Insurance: This insurance works to relieve the economic burden that may arise from possible losses as a result of individual accidents of persons. This scheme bears the compensation as per the insurance sum to the loss of limbs or organs, incapacitation of whole body, disability or death.

Sagarmatha Insurance Company Limited

Travel Medical Insurance: Sagarmatha Travel Medical Insurance covers medical emergency, accidents or personal liability to the person leaving his/her home country or whilst travelling around the globe. SICL assures you to provide a reliable cover against any sudden illness, accident or injury to the insured when travelling. Travel Medical Insurance covers:
- Medical and emergency expenses.
- Personal accidents.
- Loss of checked baggage.
- Loss of passport.
- Hospital benefits.
- Personal Liability.
- Travel delay
- Delay of checked baggage.
- Delay of travel.
- Hijack.

Children Health Policy: Policy for School Children Policy for School children covering Personal Accident and Medical Hospitalization covering Personal Accident and Medical Hospitalization
Accidental Insurance: All accidents require treatment and that again requires money. In case of any accidents or death of a family member, the loss is not always emotional but at times financial as well. Sagarmatha Accident Insurance provides benefits to the insured against the following:

Accidental Death Only
Permanent Total / Partial Disability
Temporary Total Disability
Medical Expenses

Family Protection Insurance: Package Policy and its contents including personal Accident and Hospitalization for Family.

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Sanima General Insurance Company Limited

Travel Insurance: This insurance product provides coverage for medical and non-medical emergencies, for a trip of fixed duration and a single onward and return journey. Travel Insurance covers:

Medical and Emergency Expenses and other non-medical emergencies.

Accidental and Medical Insurance: In the current circumstances where the health and wellness services are inflating exponentially, health insurance has become a basic necessity for the well-being of every individual. The consistently growing healthcare sector calls for new innovations in the insurance industry to best fulfill the needs of customers. Sanima General Health Insurance offers innovative and reliable health insurance plans.

Medical Insurance (Except Individual): Medical Insurance is a type of insurance coverage that covers the cost of a protected individual’s medical and surgical expenses. This protects and saves the insured against the huge financial losses incurred by medical expenses.

The product have various features covering the

Hospitalization Expenses
Domiciliary Expenses including Dental / Eye Check-up & Optical expenses depending on the customer’s requirement

Accidental Insurance: Accidents can take place anytime and anywhere. All accidents require treatment and that again requires money. In case of any accidents or death of a family member, the loss is not always emotional but at times financial as well. This insurance policy covers both minor and major accidents along with temporary disabilities that restricts a person from earning for a while. Hence, it provides an ideal protection against death and disability.

Miscellaneous Insurance: It includes variety of risks such like personal accident insurance; travel medical insurance, group personal accident, medical insurance ( hospitalization), All risks, workmen compensation and personal accident for trekking(expedition).

Personal Accident: This type of policy provides insurance for individuals against any personal accident or illness where body is injured solely or and directly from accident caused by violent, external and visible means.
Travel Medical Insurance: This type of policy covers the insured in the event of a sudden and unexpected sickness or accident arising during travelling outside the country.
Medical Insurance: This type of policy covers the insured for any sudden and unexpected illness and sickness (non-pre-existing).

COVID-19 insurance

Shikhar Insurance Company Ltd. (SICL)

Health Insurance covers a whole range of expenses and offers Cashless Treatments in 28 listed hospitals in Nepal and over 4,000 hospitals all over India. In case the hospital is a part of the provider network, cashless facility will be granted otherwise, reimbursement facilities will be applicable. It can be taken by individuals, couples, family and corporate employees. The benefits of this insurance are:

In-Patient Treatment (Hospitalization): Covers hospitalization expenses incurred as an in-patient in a Hospital which will include:

Room, Boarding and Operation Theatre charges
Fees of Surgeon, Anesthetist, Nurses, Specialists
The cost of diagnostic tests, medicines, blood, oxygen, appliances like pacemaker, artificial limbs and organs etc.
In-Patient Treatment requires a hospitalization for a minimum period of 24 hours.

2. Day Care Procedures/Treatments (Hospitalization less than 24 hrs.): Due to advancement of technology, hospitalization expenses for certain treatments / diseases (150 daycare surgeries ) are also covered, even though the hospitalization is for less than 24 hours.

3. Pre-Hospitalization and Post-Hospitalization Expenses

Pre-hospitalization Medical Expenses incurred by Insured for a 30-day period immediately prior to Hospitalization
Post-hospitalization Medical Expenses incurred by Insured for a 60-day period immediately post Hospitalization.

Travel Medical Insurance: All Nepalese Citizen travelling foreign countries for business and entertainment can take this insurance. People of foreign countries and living in Nepal for long term can also take this insurance provided their travel begins from and terminates in Nepal. This insurance can be taken under two Plan.

Plan A: Medical Expenses + Personal Accident Cover (A-C). The benefits under this insurance is as follows:
A: Personal Accident
B: Medical and Emergency Expenses
C: Hospital Ancillary Benefit
Plan B other non-medical plans.

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Personal Accident Insurance: Personal Accidental Insurance provides coverage in case of accidental injury and death. This insurance can also be taken by groups named as Group Personal Accidental Insurance. This policy provides benefits against bodily injury (incl. Death) resulting solely and directly from accident caused by external, violent and visible means. Terrorism Group Risk (Riot, Strike, Malicious Damage, Sabotage & Terrorism) is covered in this policy. Benefits available under this insurance are as follows:

Death
PTD (Permanent Total Disablement) is the situation, where after accidental injury the insured person becomes so disable that he/she is not able to carry his/her normal profession completely and permanently e.g. loss of both hands (above wrist), loss of both legs (above ankle), loss of both eye sight, complete the irrecoverable paralysis etc.
PPD (Permanent Partial Disablement) is the situation, where after accidental injury the insured person becomes disabled and not able to carry his/her normal profession partially e.g. loss of one hand, one leg, loss of hearing capacity.
TTD (Temporary Total Disablement) is the situation, where after accidental injury the insured person become totally disable to carry out his/her normal profession but for the temporary period.
Medical expenses are payable in case of bodily injury by insured perils only.

The benefits covered and amount payable for various benefits are as below:

Death – 100% of Sum Insured
PTD – 100% of Sum Insured
PPD – Various % of Sum Insured depending on the type of disablements
TTD – Loss of Income [Actual loss of income or 1% of Sum Insured per week, whichever is less.
Med. Exp. – Actual and incurred medical expenses up to 10% of Sum Insured. Maximum limit Rs. 100,000/-

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Siddartha Insurance Company Limited

Student Medical Insurance
Medi Health Insurance: Medical Insurance at Siddhartha insurance is something that provides you sense of security with protection from unexpected high medical cost.
Key features

Network with more than 6000 hospitals in Nepal & India
24*7 call center service
Unique ID card for insured member
Pioneer insurer Providing Cashless Facility
Toll free number : 16600150050 for any assistance

List of network hospitals within our panel for cashless facility till date:

1) Norvic International Hospital, Thapathali
2) Vayodha Hospital, Balkhu
3) Alka Hospital, Jawlakhel
4) B & B Hospital, Gwarkhu
5) Janamaitri Hospital, Balaju
6) Chirayu Hospital, Maharajguhj
7) Green City Hospital, Dhapasi
8) Madhyapur Hospital, Thimi
9) Nobel Hospital, Sinamangal
10) Neelam Hospital, Satungal
11) Dhirgayu Guru Hospital, Mitrapark
12) Chure Hill Hospital, Hetauda
13) Alive Hospital & Trauma Centre, Chitwan
14) Samyak Diagnostic Pvt. Ltd, Jawalakhel
15) Shankarapur Hospital, Jorpati
16) Nidhan Hospital, Pulchowk
17) Biratnagar Aspatal, Biratnagar
18) Himal Hospital Pvt. Ltd
19) Sarvanga Swasthya Sadan, Kupondole
20) Swacon International Hospital Ltd, Battisputali
21) Suvekchya International Hospital & Research Center, Sitapaila
22) Blue Cross Hospital, Tripureshwor
23) Kantipur Dental & General Hospital, Dhapasi
24) Grande International Hospital, Dhapasi
25) Bharatpur Hospital, Chitwan
26) Manakamana Hospital, Chitwan
27) Devdaha Hospital and Medical College, Butwal
28) Star Hospital, Kathmandu
29) Metro Kathmandu Hospital, Naryangopal Chowk, Kathmandu
30) Ashwins Medical College & Hospital Pvt. Ltd. (Nepal Mediciti), Bhaisepati
31) Nepal National Hospital, Kalanki
32) Golden Hospital Pvt. Ltd., Biratnagar
33) Kaski Model Hospital, Pokhara
34) Chitwan Model Hospital, Narayangarh
35) Om Hospital and Research Centre(p.) Ltd, Chabahil
36)KaliGandaki Hospital, Kawasoti
37)Hospital for Advanced Medicine and Surgery (HAMS)

Group cum Family Hospitalization Insurance: This insurance is intended to provide benefit by way of reimbursement of expenses incurred by the insured towards hospitalization including accommodation and nursing attendance, fees for surgeons and other special service. Domiciliary Hospitalization Le, treatment normally requiring hospitalization but where proper treatment received at home is also covered by this policy. This policy is designed for requirement of hospitalization insurance for both corporate & general public. This policy covers hospitalization benefit for Rs. 25,000.00 to Rs. 1, 00, 000.00 with very nominal premium rate @1.5% of sum insured.

International Travellers Medical Insurance: Introduced “International Mediclaim Policy” with wide coverage of personal accidents at moderate premium rate for medical emergency expenses, hospital expenses, loss of checked baggage, passport and third party liability.

Personal Accident Insurance: This policy covers financial loss that may arise as a result of accident caused by external violent and visible means causing death or disablement by bodily injury. In the case of Comprehensive Personal Accident Insurance, it covers Temporary Total Disablement and Medical Expenses up to fixed limits. Besides, the policy is extended to cover the risk of Trekking, Mountaineering, Expeditions, Rafting, Commercial Flights, etc. But this policy does not cover the chartered flights.

United Insurance Company (Nepal) Limited

Personal Accident Insurance: This Policy covers financial loss that may arise as a result of accident caused by external violent and visible means causing death or disablement by bodily injury. In the case of Comprehensive Personal Accident Insurance it covers Temporary Total Disablement and Medical Expenses up to fixed limits. Besides, the Policy is extended to cover the risk of Trekking, Mountaineering, Expeditions, Rafting, Commercial Flights, etc. However, this policy does not cover the chartered flights.
International Travelers Mediclaim Insurance: International Mediclaim Policy covers personal accidents at moderate premium rate for medical emergency expenses, hospital expenses, loss of checked baggage, passport and third party liability. The Policy could also be procured by the students going abroad for further education.
Group cum Family Hospitalization Insurance This insurance is intended to provide benefit by way of reimbursement of expenses incurred by the insured towards hospitalization including accommodation and nursing attendance, fees for surgeons and other special service. Domiciliary/ Hospitalization. I.e. treatment normally requiring hospitalization but where proper treatment is received at home, the same is also covered by this policy. This policy is designed for requirement of hospitalization insurance for both corporate & general public.

Information was collected from website of insurance companies, Please visit official website for more details and updates.

Recommended Citation: Public Health Update. Health Insurance Packages of Non-life Insurance Companies in Nepal [Internet]. [cited 2020 Nov 16]. Pokhara. Nepal. Available from: https://publichealthupdate.com/health-insurance-packages-of-non-life-insurance-companies-in-nepal/

Health Insurance Packages of Non-life Insurance Companies in Nepal

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