Provides financial protection against losses not related to life—such as property damage, motor accidents, fire, health, liability, travel, agriculture, and more.
• Property/Home Insurance
• Motor (private vehicle, commercial vehicle, motorcycle; comprehensive & third-party)
• Miscellaneous (Accidental Insurance GPA, Accidental Insurance PA, Burglary and House Breaking, NMIC Student Secure Plan, NMIC Corporate Secure Plan)
To secure business operations, safeguard against professional or accidental losses, protect pledged assets for bank loans, and receive travel or health support when needed.
Based on coverage type, sum insured, location, duration, risk factors, deductibles, and policy terms .
Choose the product and perils, determine the value and duration, fill in the proposal form (available at company branches), and submit it for processing (assistance usually available).
It collects essential information such as proposer’s details, property or liability specifics, location, sum insured, risks, insurance period, and claim history.
While specific procedures vary, generally you submit the claim form, policy documents, proof of loss and await inspection or survey.
Claims are handled through surveys or assessments, and settlements can take anywhere from a few days to weeks based on completeness of documentation and policy terms.
Yes, third-party liability insurance for motor vehicles is mandatory in Nepal.
The Nepal Insurance Authority accepts complaints; you must file within the stipulated time frame (often within 3 months), and NIA aims to resolve disputes—sometimes via arbitration committees—within months .