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Email info@nib.gov.np
Contact No. +977-1-5421079, 5428604
Location Lalitpur-10, Kupondole,Nepal

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.

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SURYA PRASAD SILWAL

Chairman

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RAJU RAMAN PAUDEL

Spokesperson (Executive Director)

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NIRMAL ADHIKARI

Information Officer (Deputy Director)

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Know About Our Facts

There are altogether 40 Insurance Companies licensed under Beema Samiti (Insurance Regulatory Authority of Nepal). Among them 19 are Life Insurance Companies, 20 are Non- Life Insurance Companies and 1 is Re-Insurance Company.

19

Life Insurance

20

Non Life Insurance

1

Re Insurance

40

Total Insurance

Intermediaries Information

Agency Distribution

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