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Best Health Insurance in Nepal

6 insurers ranked and reviewed · Updated May 2026

Sources:Nepal Insurance Authority (NIA)

Healthcare System Overview

Nepal introduced a government Social Health Security Programme (SHSP) in 2016, administered by the Health Insurance Board (HIB), which provides basic coverage (NPR 100,000/family/year) to enrolled citizens. However, coverage remains limited geographically and in benefits. Private health insurance is offered by non-life insurance companies regulated by the Nepal Insurance Authority (NIA). The market is small, with 14 non-life insurers (as of February 2026), many of which recently formed through mergers.

#1

Shikhar Insurance Company Limited

शिखर इन्स्योरेन्स कम्पनी लिमिटेड

private
82Score
NIA: Licensed Insurer (Cross-Border Network)(2026)
3.7satisfaction

Nepal Hospitals

28 cashless hospitals

India Hospitals

5,800+ cashless hospitals

Cross Border

Nepal + India coverage

  • Cashless treatment at 28 hospitals in Nepal
  • Cross-border access to 5,800+ hospitals in India
  • Comprehensive health insurance covering wide range of medical expenses
  • Listed on Nepal Stock Exchange (NEPSE)
#2

Siddhartha Premier Insurance Limited

सिद्धार्थ प्रिमियर इन्स्योरेन्स लिमिटेड

private
78Score
NIA: Licensed Insurer (6,000+ Hospital Network)(2026)
3.5satisfaction

Hospital Network

6,000+ hospitals (Nepal + India)

Health Product

Medi Health Insurance

Formed By

Merger of Siddhartha + Premier Insurance (2023)

  • Medi Health Insurance covering unexpected high medical costs
  • Network of 6,000+ hospitals in Nepal and India
  • Combined market presence from merger of two established companies
#3

IGI Prudential Insurance Limited

आईजीआई प्रुडेन्सियल इन्स्योरेन्स लिमिटेड

private
75Score
NIA: Licensed Insurer (Merged Entity)(2026)
3.5satisfaction

Formed By

Merger of IME General + Prudential Insurance (2023)

Listed

NEPSE listed

Health Product

IGI Health

  • IGI Health insurance product
  • Combined strengths of two established non-life insurers
  • Listed on Nepal Stock Exchange (NEPSE)
#4

Prabhu Insurance Limited

प्रभु इन्स्योरेन्स लिमिटेड

private
72Score
NIA: Licensed Insurer (Prabhu Group)(2026)
3.4satisfaction

Parent Group

Prabhu Group

Operating History

30 years

Listed

NEPSE listed

  • Travel and health insurance products
  • Backed by Prabhu Group (diversified conglomerate)
  • 30 years of operating history in Nepal
#5

Nepal Insurance Company Limited

नेपाल इन्स्योरेन्स कम्पनी लिमिटेड

private
70Score
NIA: Oldest Insurance Company in Nepal(2026)
3.4satisfaction

Founded

1947 (oldest in Nepal)

Branch Network

Widest in Nepal

Listed

NEPSE listed

  • General insurance including health coverage
  • Oldest insurance company in Nepal (since 1947)
  • Widest branch network across Nepal
  • English website available
#6

NLG Insurance Limited

एनएलजी इन्स्योरेन्स लिमिटेड

private
65Score
NIA: Licensed Non-Life Insurer(2026)
3.3satisfaction

Listed

NEPSE listed

Product Type

General non-life insurer

Operating History

28 years

  • General non-life insurance including health products
  • Established presence since 1998
  • Listed on Nepal Stock Exchange (NEPSE)

About Health Insurance in Nepal

Nepal introduced a government Social Health Security Programme (SHSP) in 2016, administered by the Health Insurance Board (HIB), which provides basic coverage (NPR 100,000/family/year) to enrolled citizens. However, coverage remains limited geographically and in benefits. Private health insurance is offered by non-life insurance companies regulated by the Nepal Insurance Authority (NIA). The market is small, with 14 non-life insurers (as of February 2026), many of which recently formed through mergers.

Our editorial team has evaluated and ranked the top 6 health insurers in Nepal based on editorial ratings from trusted sources, customer satisfaction, financial strength, and coverage quality. Rankings are updated regularly to reflect the latest market changes.

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