NECO Insurance
Non-life insurer · Established 1994 · Licensed by the Nepal Insurance Authority
Established in 1994, operating general insurance business since 1996.
- neco.com.np
- 01-4542263
- info@neco.com.np
- Beema Bhawan, Gyaneshwor, Kathmandu
SajiloBima is not affiliated with NECO Insurance and takes no commission. Buy directly from the insurer.
The same price at every insurer
Motor premiums are set by the Nepal Insurance Authority’s tariff, so NECO Insurance charges the tariff rate.
NECO Insurance's motor insurance by year
| Fiscal year | Policies issued | Premium | Claims paid | Amount paid |
|---|---|---|---|---|
| 2082/83 | 1,76,156 | Rs 127.6 crore | 7,208 | Rs 99.6 crore |
| 2081/82 | 1,67,007 | Rs 122.7 crore | 6,343 | Rs 80.0 crore |
| 2080/81 | 1,74,408 | Rs 118.3 crore | 4,946 | Rs 59.8 crore |
From the Nepal Insurance Authority's year-end figures; each year links to its source. Policies issued are new policies, so renewals are likely not counted. The latest year is unaudited.
Who sells the most
The price is the same at every insurer, so size is one of the real differences between them.
NECO Insurance
4thof 14
3,05,982 policies in FY 2082/83 · Rs 3.66 bn premium · +5% on FY 2081/82
| Rank | Insurer | Policies, FY 2082/83 | vs FY 2081/82 | Premium |
|---|---|---|---|---|
| 1 | United Ajod Insurance | 4,19,526 | +40% | Rs 3.12 bn |
| 2 | Himalayan Everest Insurance | 3,55,508 | +27% | Rs 5.37 bn |
| 3 | Shikhar Insurance | 3,36,002 | +8% | Rs 6.51 bn |
| 4 | NECO InsuranceThis insurer | 3,05,982 | +5% | Rs 3.66 bn |
| 5 | Siddhartha Premier Insurance | 2,70,679 | −9% | Rs 4.32 bn |
| 6 | Sagarmatha Lumbini Insurance | 2,69,998 | −3% | Rs 5.42 bn |
| 7 | IGI Prudential Insurance | 2,37,708 | +7% | Rs 4.55 bn |
| 8 | NLG Insurance | 2,23,911 | +13% | Rs 4.21 bn |
| 9 | Nepal Insurance Company | 1,96,490 | +1% | Rs 2.22 bn |
| 10 | Sanima GIC Insurance | 1,28,203 | −3% | Rs 3.08 bn |
| 11 | Prabhu Insurance | 1,14,613 | −7% | Rs 2.02 bn |
| 12 | The Oriental Insurance Company | 48,946 | +9% | Rs 3.25 bn |
| 13 | Rastriya Beema Company | 31,687 | −80% | Rs 1.58 bn |
| 14 | National Insurance Company | 26,942 | −5% | Rs 1.29 bn |
Policies and premium across each insurer’s whole non-life business — motor, property, travel and more; no insurer publishes a motor-only count. Source: Nepal Insurance Authority, non-life business data for FY 2082/83.
Plans we list
Motor, health, property and travel cover from NECO Insurance are compared on their own pages: motor prices, health, property and travel.