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Licensed list · Asia-Pacific · South Asia · NP

Licensed insurance companies in Nepal (2026)

PartialPartially verified against the NIA register, checked 4 Sept 2026.

The 37 insurance companies licensed in Nepal in 2026, as recorded by the Nepal Insurance Authority (NIA), with the class of business and ownership each one is registered under.

37Licensed operators
14Life38% of entities14General (non-life)38% of entities4Cross-border groups33 domestically owned

By class of business

Each company is counted once, under the class its register row records. The supervisor’s own tally counts licences, so a company licensed for more than one class appears more than once there.

By ownership

  • Domestic private30 81%
  • Foreign multinational4 11%
  • State-owned / parastatal3 8%

“Cross-border groups” counts foreign multinationals and pan-regional groups; “domestically owned” counts domestic private, state-owned, mutual and captive entities. The register records the parent’s type, not its home market. How ownership is recorded

Licensed insurers in Nepal

Showing 25 of 37 entities. The full, filterable table is on the country page; every row is in the JSON below.

InsurerClassOwnershipGroupVerification
MetLife NepalLLifeForeign multinationalMetLifePartial
Asian LifeLLifeDomestic privateAsianPartial
Citizen LifeLLifeDomestic privateCitizenPartial
Crest Micro Life Insurance LimitedMMicroinsurerDomestic private—Partial
Guardian Micro Life Insurance LimitedMMicroinsurerDomestic private—Partial
Himalayan Everest InsuranceGGeneral (Non-life)Domestic private—Partial
Himalayan LifeLLifeDomestic private—Partial
Himalayan ReinsuranceRReinsurerDomestic privateIndependentPartial
IGI Prudential InsuranceGGeneral (Non-life)Domestic private—Partial
IME LifeLLifeDomestic privateIMEPartial
Liberty Micro Life Insurance LimitedMMicroinsurerDomestic private—Partial
Life Insurance Corp NepalLLifeForeign multinationalLIC of India JVPartial
National Insurance Co Nepal branchGGeneral (Non-life)Foreign multinationalNational (India)Partial
National LifeLLifeDomestic privateNationalPartial
Neco InsuranceGGeneral (Non-life)Domestic privateNecoPartial
Nepal InsuranceGGeneral (Non-life)Domestic privateNepal InsurancePartial
Nepal LifeLLifeDomestic privateNepal LifePartial
Nepal Micro Insurance Company LimitedMMicroinsurerDomestic private—Partial
Nepal Reinsurance CoRReinsurerState-owned / parastatal—Partial
NLG InsuranceGGeneral (Non-life)Domestic privateNLGPartial
Oriental Insurance Nepal branchGGeneral (Non-life)Foreign multinationalOriental (India)Partial
Prabhu InsuranceGGeneral (Non-life)Domestic privatePrabhuPartial
Prabhu Mahalaxmi LifeLLifeDomestic private—Partial
Protective Micro Insurance Company LimitedMMicroinsurerDomestic private—Partial
Rastriya Beema Company (non-life)GGeneral (Non-life)State-owned / parastatalGovernment of NepalPartial

Full table for Nepal ↗

Regulatory intelligence: Nepal

Read from the register, not written for this page: the supervisor’s regime, the source the list was checked against, and the market notes recorded alongside it.

Regime
Insurance Act 2079 (2022), which repealed the 1992 Act and created the Nepal Insurance Authority; post-2023 merger wave
Register source
Nepal Insurance Authority home page "Number of insurers" panel (14 life, 14 non-life, 2 reinsurance, 7 micro), served 22 Sep 2026, cross-checked against the NIA "List of Licensed Insurance Companies" PDF (Insurer Information, updated 5 May 2024), which lists the same 37: 37 entities
Verification
Partially verified against the regulator register · Nepal Insurance Authority home page "Number of insurers" panel (14 life, 14 non-life, 2 reinsurance, 7 micro), served 22 Sep 2026, cross-checked against the NIA "List of Licensed Insurance Companies" PDF (Insurer Information, updated 5 May 2024), which lists the same 37: 37 entities

No market event is recorded against this register for 2026. The regime and source above are the standing facts.

Governing legislation

  • Insurance Act 2079 (2022), as amended · Institutional and insurance framework

    The authority’s legal library provides the current Nepali act, including a second-amendment edition uploaded in August 2025. Older English acts are historical versions.

Verification log

All 30 rows matched the NIA list of licensed insurers (37: 14 life, 14 non-life, 2 reinsurers, 7 microinsurers), retrieved 22 Sep 2026; added the 7 microinsurers (3 life, 4 non-life). No removals or class changes.

For B2B teams and AI agents

The same rows as static JSON, no key, CORS open, CC BY 4.0. Paged files stay under 96 KB so an agent’s fetch tool never truncates them.

curl -s https://insurers.global/api/v1/countries/nepal.json
curl -s https://insurers.global/api/v1/countries/nepal/insurers/pages/1.json
  • MCP: connect https://insurers.global/mcp and call get_country_summary with { "country": "nepal" }, or list_insurers with country, limit and offset for paged rows.
  • OpenAPI 3.1: /api/v1/openapi.json · WebMCP: /.well-known/webmcp.json · Guide: /ai/ · llms.txt
  • Dataset version 2026-09-08+3f3925fad259; every response carries version, verified and licence.