Life Insurance
What is life Insurance?
Life Insurance is transfer of a risk to the insurer. The risk assumed by the insurer is the risk of death of the insured. It is contract between Insured and Insurer to compensate financial based on sum assured and premium paid there in.

History of life and general insurance in Nepal
History of general insurance in Nepal goes back to B.S.2005(1948 A.D.). Right from 1950 A.D.,a number of companies started their operation in General insurance. Presently 15 companies are transacting general insurance business. But start and growth of life insurance has been very slow.
Life Insurance Corporation of India started life insurance business in Nepal but its function was mostly confined to Kathmandu city.

LIC stopped its operation in 1972 A.D. Life insurance business was taken over by Rashtriya Beema Sansthan in B.S.2029 after its incorporation on B.S. 2024/09/01 (16-12-1967 A.D.) and by National life and General Insurance Company in B.S.2045(1989A.D.) after its incorporation on B.S.2043/02/19 (2-6-1986)A.D.

The insurance activities were regulated by Insurance Act 2026(1969). The Act and the regulations were modified and new Insurance Act and Regulations were enacted in 2049(1992). Beema Samiti observes and regulates the insurance activities in Nepal as per the provisions of Insurance Act 2049 and Insurance regulations 2049.

Even though the performance of RBS has been impressive, the reach and density of insurance has been very low even in comparison with the insurance density in developing nations.
Services – please Copy from www.nlic.com all services

Non Life Insurance:
What is non Life Insurance?
We offer Following Insurance Coverage from Nepalese Insurer:
- Fire & Allied
- Marine (Cargo & Goods in Transit)
- Aviation
- Engineering (CAR, EAR, Boiler, Machinery & Plants, Electronic Equipment, ALOP etc.)
- Motor
- Banker’s Indemnity
- Directors’ & Officers’ Liability
- House Hold
- Personal Accident
- Burglary & House Breaking
- Cash in Transit
- Fidelity Guarantee
- Third Party & Public Liability
- Medical
- Overseas Mediclaim & Travel
- Students Safety etc.

Travel and Holiday Insurance :
Adventure Specialist Trekking stress that you must take adequate insurance, to cover your trip for every eventuality. This should include the usual cover for baggage, personal possessions as well as sickness liability. You also need to cover yourself for the possibility of medical evacuation by helicopter. Don't Panic! This is not common, but you need to be covered for every eventuality, and cover for medical is required.

We can provide comprehensive insurance coverage from Nepalese Registered Insurance Companies. Full details of insurance if required from AST can be provided after a confirmed booking has been made.

For those of you who would prefer to make their own insurance arrangements, there are many reputable agencies that provide this complete insurance at a very reasonable cost, and are often much less than you would pay for travel and medical insurance, bought as part of a typical package holiday, from the high streets.

Don't forget to disclose, any expensive personal possessions that you may take with you (e.g. camera equipment). You should also disclose any significant past medical history, before you leave the country, as we are all too aware of horror stories concerning travelers who didn't.

Companies who provide this sort of complete insurance package, advertise in walking and adventure travel magazines, all readily available on the high street.