Health Insurance in Nepal 2021: Top Companies of Nepal

Health Insurance in Nepal is a different story from many places in the world. While many countries like Thailand and Sri Lanka will do the basics such as checkups and immunizations, most don’t have any type of coverage for the most common medical issues such as heart attacks and strokes.

Nepal is one of the few countries that doesn’t offer such coverage because of the high level of debt that it has acquired over the years.

Health Insurance in Nepal Policy

When it comes to health insurance in Nepal, there are a number of different options available. Therefore, Some plans can be quite affordable, while others may cost considerably more.

The general health insurance price depends on your health, but there are also a number of other fees – such as the upfront cost of the plan – that can add a significant amount to your bill.

Health Insurance is a popular topic among travellers and expatriates. To some, it is an integral necessity to protect health.

To others, it is a necessity but not something that should be taken for granted. This article will look at a very simple concept of insurance in Nepal.

Do you still need health insurance in Nepal?

This article is intended to help facilitate discussion in the ongoing discussion about insurance in Nepal, and to provide some guidance for those wanting to purchase insurance locally.

In a country of 9 million people, the population is constantly growing.

The reason for this is that people are moving to villages and towns, and even cities, which sometimes means they must take out their own health insurance.

Before you can get health insurance, you’ll probably need to discuss your needs with your doctor or dentist. They will be able to tell you what kind of insurance (private or public) might suit your needs.

Best Health Insurance Company in Nepal

Health insurance policy is a complicated topic. You need to understand how it works in a number of different ways in order to be able to evaluate the various options that are available to you. There are many different types of health insurance, and each of them come with different benefits on top of that.

In the US health insurance is a very common topic, but what about in Nepal? Even though the country is very poor and has very difficult living standards, it also has its own insurance industry with a lot of doctors and hospitals. There are many reasons why you may want to get health insurance in Nepal, whether you are a tourist, travelling, or a resident.

Health Insurance in Kathmandu

The basics of health insurance in Nepal are relatively simple. You need to find a policy that suits your needs best. There are many factors to consider, and each person is unique.

Health insurance coverage is very important in our country at present. Nepal has a population of over 9 million people.

This number is expected to increase rapidly because of the changing demographics. Since the health care system of Nepal is not well developed, many are moving out of the urban areas towards the urban centres in search of medical services and facilities.

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Major Types of Insurance

Health insurance is considered one of the major pillars of financial planning. Health insurance policy not only provides financial protection to the family.

In case of an eventuality but also works as a long-term investment option to achieve the financial objectives of life. 

However, with an extensive range of Health insurance policies available in the market, choosing the best health insurance policy which fulfils all your requirements is always a tricky task to do.

Thus, it is imperative to compare various plans online and make sure that the plan you choose offers all the benefits.

  • Life/Health Insurance or Personal Insurance.
  • Property Insurance.
  • Marine Insurance.
  • Fire Insurance.
  • Liability Insurance.
  • Guarantee Insurance.
  • Social Insurance.

Life insurance companies in Nepal 2021

Life insurance or personal insurance also lies under general insurance for all. We must always buy insurance that gives us the following facilities.

  • Higher coverage at affordable premiums
  • Get life cover worth Crores by paying a minimal price
  • Protection from loans, debts & liabilities
  • In case of your untimely demise, term insurance helps your family pay off your debts & liabilities
  • Buy Early, Save more!
  • Premiums are cheaper while you’re young. Buy early & pay the fixed amount throughout the policy term
  • All-round Protection
  • Add-ons benefits like income on disability, critical illness & waiver of premium protect you from risks like income loss, life.

As you can see, there’s no doubt that the population is growing. It’s also important to note that this population is moving towards the urban areas.

Health insurance must be taken out not for the sake of seeking medical services, but for the sake of safeguarding life. People in Nepal need to understand that they are not just doing this for themselves.

One of the most effective ways of getting insurance in Nepal is by way of a private health insurance policy. The best way to get private health insurance is to contact a company and go through their sales representative.

Top 20 Companies of Health Insurance in Nepal:

These are the total number of authorized life insurance companies of Nepal providing facilities of Health Insurance as well as other types of vehicle insurances.

These companies are registered under Nepal Government and are working to provide the best facilities to the customers.

S.N Life Insurance Company
1 MetLife-American Life Insurance Company Limited
2 Asian Life Insurance Company Limited
3 Citizen Life Insurance Company Limited
4 Gurans Life Insurance Company Limited
5 IME Life Insurance Company Limited
6 Jyoti Life Insurance Company Limited
7 Life Insurance Corporation Nepal Limited
8 Mahalaxmi Life Insurance Company Limited
9 National Life Insurance Company Limited
10 Nepal Life Insurance Company Limited
11 Prabhu Life Insurance Company Limited
12 Prime Life Insurance Company Limited
13 Rastriya Beema Sansthan
14 Reliable Nepal Life Insurance Company Limited
15 Reliance Life Insurance Limited
16 Sanima Life Insurance Company Limited
17 Sun Nepal Life Insurance Company Limited
18 Surya Life Insurance Company Limited
19 Union Life Insurance Company Limited

In many countries around the world, people are forced to pay a massive amount of money for health insurance. While this may seem like a good idea, there’s a major problem with this approach to health insurance.

It isn’t simply that people with health insurance have a much easier time getting sick and in need of medical care when they do. This is because people without health insurance tend to be sick much less than those who have health insurance.

Top 10 Life insurance companies in Nepal:

Among total life Insurance companies in Nepal, below is the list of life insurance companies with good facilities and features. Since This is not a list with the best cost or best premium they provide but among other companies, these are highlighted in the market.

S.N Life Insurance Company
1 Nepal Life Insurance Company Limited
2 Life Insurance Corporation Nepal Limited
3 National Life Insurance Company Limited
4 Rastriya Beema Sansthan
5 MetLife-American Life Insurance Company Limited
6 Asian Life Insurance Company Limited
7 Prime Life Insurance Company Limited
8 Gurans Life Insurance Company Limited
9 Surya Life Insurance Company Limited
10 Union Life Insurance Company Limited

Having health insurance is of course a must for a lot of people who want to stay safe and healthy. However, it’s important to keep in mind that not all health insurance plans include medical insurance.

If you’re looking for a good deal on health insurance, it can be tempting to go shopping and see if you can find the best deal. So, Do be careful, though, as customer reviews are not always the best indicator of what is really going on with an insurance policy.

Frequently Asked Questions:

The below are some frequently asked questions by readers. We have tried to cover them in this post.

  1. What is life insurance?

Life Insurance can be defined as a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.

2. What is a Life Insurance company?

A life insurance company is a firm or an insurer that pays out a sum of money upon your death to those you designate as beneficiaries.

3. What do life insurance companies do?

  1. Insurance provides certainty,
  2. Insurance provides protection,
  3. Risk-Sharing,
  4. Prevention of loss,
  5. Provides Capital,
  6. Improves Efficiency,
  7. helps Economic Progress.

4. How many life insurance companies are approved in Nepal?

There are almost 19 insurance companies in Nepal providing different features and facilities to the people.

5. What is a life insurance premium?

The premium is the amount charged by the insurance company for the policy you have chosen. It is usually paid on a yearly basis but can be paid in a number of ways.

6. Which type of life insurance should we apply for?

  1. Life Insurance
  2. Health Insurance
  3. Long-Term Disability Coverage
  4. Vehicle Insurance

7. Which Life Insurance to Buy?

There are various types of insurance available in the market. Among them, many of them are specific purposes and some are general purpose. 

Read Also: Do You Want to learn more about Life Insurance companies in Nepal?

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