Shikhar Motor Protection
Motor InsuranceRecommended
About this plan
Comprehensive motor insurance from Nepal's largest market share company. Fast claim settlement.
What's included
Key highlights
- Market leader
- Fast claims
- Wide network
Features
- Own damage cover
- Third party liability
- Personal accident cover
- Natural disaster cover
- Theft cover
Eligibility & term
- Policy term
- 1 year
Coverage breakdown
Own damageFull vehicle value
Third party liabilityAs per NIA tariff
Personal accidentRs 5 lakh
Natural disasterIncluded
TheftFull value
Zero depreciationNot available
Roadside assistanceNot available
Pros & cons
Pros
- Market leader - 13.29% market share
- 115 branches for easy claim filing anywhere
- Fast claim processing
- Established trust and brand recognition
- Strong financial stability
Cons
- No zero-depreciation option
- No engine protect rider
- No roadside assistance
- Mid-to-high premium range
What affects your premium
- Vehicle declared value
- Engine capacity based NIA tariff
- Vehicle age surcharge
- No-claim bonus (15-50%)
- 13% VAT
How to claim
- 1Report to nearest Shikhar branch (115 locations)
- 2File FIR and submit documents
- 3Vehicle survey arranged quickly
- 4Repair authorization
- 5Fast-track settlement
Network
- Network garages
- 60
- Coverage area
- All 7 provinces
Best for
Those who value wide networkBusiness vehicle ownersFleet operatorsEstablished vehicle owners
What's not covered
- Driving without valid license
- Driving under influence
- Mechanical breakdown
- Wear and tear
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Send it to an advisor and read the reply in your dashboard.
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