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Beema Samiti (Insurance Board) is the Insurance Regulatory Authority of Nepal which is under Ministry of Finance, Government of Nepal. The word ‘Beema’ means ‘Insurance’ and ‘Samiti’ connotes ‘Board’. Hence, the Word ‘Beema Samiti’ is synonymous to Insurance Board which is constituted to systematize, regularize, develop and regulate the insurance business within the country under Insurance Act, 1992. This Samiti (Board) looks after all the insurance related activities in the Federal Democratic Republic of Nepal. As a regulatory body, the Board’s main concern is to create a professional, healthy and developed insurance market in Nepal.
Further more, after the restoration of democracy in 1990 AD, insurance environment began to change simultaneously along with other factors. Thus to meet the requirements of the changing situation, Insurance Act, 1968 was repelled by new Insurance Act, 1992 (Beema Ain, 2049). The preamble of the Act clearly states the purpose of the Act, thus “to establish an Insurance Board to systematize, regularize, develop and regulate the insurance business”. To achieve the goal of the preamble, Beema Samiti (Insurance Board) is formed as an autonomous body as per the Insurance Act of 1992.Learn More
शुभकामना आदान प्रदान कार्यक्रम : बीमा समितिका अध्यक्ष सूर्यप्रसाद सिलवालले बीमा क्षेत्रको समग्र विकास एंवम विस्तारका लागि राष्ट्रिय बीमा नीति आवश्यक भएको बताउनुभएको छ । विजय दशमी, शुभ दीपावली र छठ पर्वको उपलक्ष्यमा बीमा समितिले आज ललितपुरको कुपण्डोलस्थित समितिको कार्यालय परिसरमा आयोजना गरेको शुभकामना आदान प्रदान कार्यक्रमलाई सम्बोधन गर्नुहुँदै अध्यक्ष सिलवालले..Read More
Know About Our Facts
There are altogether 41 Insurance Companies licensed by Beema Samiti (Insurance Regulatory Authority of Nepal). Among them 19 Life Insurance Companies, 20 Non- Life Insurance Companies and 2 Re-Insurance Companies.
Non Life Insurance