Rastriya Beema Company Enters 12th Year with Renewed Commitment to Strengthen Insurance Services

Kathmandu – The government-owned Rastriya Beema Company Limited has officially entered its 12th year of operation, marking over a decade of dedicated service in Nepal’s non-life insurance sector. On this occasion, the company has reaffirmed its commitment to enhancing the quality and effectiveness of insurance services and delivering greater value to its insured clients.

Originally established as Rastriya Beema Company Pvt. Ltd. in 2024 BS, the institution evolved from the Non-Life Department of the National Insurance Corporation, which had been created under the Rastriya Beema Sansthan Act, 2025 BS. Following a landmark decision by the Government of Nepal on 23rd Baisakh 2071 BS, the company began operating under a separate corporate structure, fully commencing its independent operations in the same year.

Rastriya Beema Company stands as Nepal’s only government-owned non-life insurance provider. With a rich legacy of over five decades in the insurance sector, the company has played a crucial role in safeguarding the assets and economic interests of citizens, public institutions, and private businesses. Over the years, it has provided a wide range of insurance services to ministries, government agencies, public entities, private firms, and the general public—contributing significantly to national development and risk management.

As the company steps into its 12th year, it extends sincere gratitude to the Government of Nepal, the Nepal Insurance Authority, and its policyholders for their continued support, trust, and cooperation. This milestone is not just a reflection of time passed, but also of the company’s enduring mission to mobilize internal resources, manage economic risks, and reduce the outflow of foreign exchange through domestic insurance solutions.

The Board of Directors is chaired by Dinesh Upadhyay, with directors Bolraj Acharya, Sagar Kumar Singh, Prakash Kumar Adhikari, Rabi Kumar Thiruvela, Laxmi Prasad Shrestha, and Dr. Sirjana Panta. The executive team is led by Chief Executive Officer Dr. Shivahari Shrestha, Deputy CEO Subash Koirala, and includes key department heads such as Rajani Poudel (HOD Chief), Dr. Sirjana Panta (Head of Administration), and CA Abdus Samad Ansari (Head of Accounts and Finance), supported by a team of experienced and dedicated professionals.

Despite increasing competition in Nepal’s insurance industry, the company has continued to expand its reach, guided by a professional, customer-centric approach. Its high-level service standards and focus on meeting the evolving needs of policyholders have earned it sustained confidence from both government entities and the private sector.