Rastriya Beema Company Limited (RBCL) (Words in Nepali: राष्ट्रिय बिमा कम्पनी लिमिटेड) was established in 2014 AD as a government-owned public limited company formed under the decision of the Government of Nepal, to separate the general insurance business of the Rastriya Beema Sansthan (RBS) by mobilizing internal resources of Nepal.
Consequently, as on this date, the company has been successfully providing returns as per the set goals and objectives of the Nepal Government in this tenure, and today's company is contributing revenue without inflicting any additional liability on the government. The company has expanded its workforce in the insurance sector & has established itself as a credible player in the insurance sector. The company is established with the following capital structure.
Rastriya Beema Sansthan (Pvt. Ltd.) was established on Poush 1, 2024 B.S., with investment from the Government of Nepal to initiate the insurance sector in the country, contribute to national capital formation, and reduce foreign currency expenditure. It started its non-life insurance business on Falgun 11 of the same year.
After the implementation of the Rastriya Beema Sansthan Act in 2025 B.S., it became Rastriya Beema Sansthan and continued operating. As per Section 12 of the Insurance Act, 2049 B.S., stating that insurers operating life and non-life insurance businesses must separate into different entities from the date specified by the Board, the company was registered under the Companies Act, 2063, on Jestha 28, 2071 B.S. at the Office of the Company Registrar.
It received a license for non-life insurance from the Insurance Board on Asar 27 and began its non-life insurance operations from Shrawan 18.
Rastriya Beema Company Limited is the only non-life insurance company in Nepal fully owned by the Government of Nepal. Intending to mobilize internal resources and manage financial risks through insurance services, the company has been providing various insurance services for the past 58 years to different ministries of the Government of Nepal and their subordinate agencies, constitutional bodies, public institutions, private businesses, and the general public.
As a result, the company has played a leading role in the development and expansion of Nepal’s insurance market. With trust and support from the government, private sector institutions, and the general public, the company has successfully grown its business despite intense market competition, thanks to its professional, customer-oriented practices and high-standard services tailored to changing market needs.
Following the policy set in the fiscal budget of 2052/53, the company has been contributing to national priorities such as:
Expanding the scope of property insurance to include losses from natural disasters, calamities, and accidents
Enhancing access to insurance at the rural level
Introducing cyber insurance services
The company has brought national pride projects, government and private assets, industries, and commercial businesses under the insurance framework.
RBCL also offers financial protection through insurance in areas prone to losses, such as:
Physical infrastructure development
Government and private property
Agriculture and livestock
Public health
The inception of Business: The company was registered with the Company register on 11th June 2014 (28th Jestha 2071) and has obtained a certificate of Commencing general insurance business from the name of the company on 3rd August 2014(18th Shrawan 2071).
- To mobilize internal resources and capital for national development and to check the burden of expenses of foreign currency.
- To Minimize the risk of property damage through the insurance business
To run the business of non-life insurance
To conduct reinsurance and arrange for the conduct of reinsurance
To invest within the state in areas deemed appropriate and to take necessary steps for the recovery and safety of such investment
If deemed appropriate, to control any property kept by it as mortgage and manage such property by itself for the required period of time
To provide a loan against the security of movable or immovable property
To raise a loan by mortgaging its property deemed appropriate for such purpose
To rent out any of its property, to sell it, or dispose of it in any other manner
To assist in the issuance of shares and debentures of other agencies, to provide a guarantee for such, to underwrite, and to run agency business
To invest abroad if deemed appropriate
To invest in the share capital of other corporate entities
To appoint agents and provide for their commission
To provide a guarantee
To purchase shares, bonds, debentures, letters of credit, and movable and immovable property; to give and take discounts and commissions; and to conduct brokerage services
To run any type of business beneficial to the corporation
To work for the direct and indirect benefit and welfare of any national charity, public welfare associations, or corporations, or to provide surety for such
To manage the fund for gratuity, provident fund, pension, and other benefits for its permanent personnel
To issue debentures and preference shares
The company has prioritized long-pending audits. As a result:
The audit up to FY 2076/77 has been completed
The third Annual General Meeting was held on 2072/03/29
The audit for FY 2077/78 is being completed, with a target to hold the AGM within the first quarter of the current fiscal year
Remaining audits are in progress
Rastriya Beema Company Ltd. (former non-life division): 47.50%
Founder Shares:
Government of Nepal
Employees Provident Fund: 22.00%
Rastriya Beema Company Ltd. (Proposed):
41.03%, 19.37%
Nepal Bank Ltd.: 10.96%, 9.60%
Total Promoter Group (A): 80.46%
Ordinary Shares (B): 19.54%
(A) + (B): 100%
Rastriya Beema Company Ltd. (Existing): 20,636,986 shares
Proposed RBCL: 22,967,796 shares
Employees Provident Fund: 3,717,340 shares
Nepal Bank Ltd.: 591,945 shares
Public: 299,537 shares
The company has been achieving high returns through short and long-term investments in shares and bonds. It holds equity in the following companies:
Nabil Bank Ltd.
Nepal Investment Mega Bank Ltd.
Nepal Reinsurance Company Ltd.
Global IME Bank Ltd.
Chairperson, Government of Nepal
Director, Ministry of Finance (MoF) Representative
Director, Employees Provident Fund Representative
Director, Nepal Bank Ltd. Representative
Director
Independent Director
Permanent Invitee, Company Secretary
Public Shareholders’ Representative
Chief Executive Officer: Rastriya Beema Company Ltd.
RBCL's financial base includes:
Net premium income from non-life insurance
Reinsurance commissions
Returns from long- and short-term investments
RBCL operates through 23 offices across Nepal:
Central Office: Kathmandu
Koshi Province: Birtamod, Itahari, Biratnagar
Madhesh Province: Birgunj, Lahan, Janakpur (+ Birgunj sub-branch)
Bagmati Province: Hetauda, Narayanghat, Nuwakot, Banepa (+ Bhaktapur sub-branch)
Gandaki Province: Pokhara
Lumbini Province: Bhairahawa, Dang, Nepalgunj (+ Palpa sub-branch)
Karnali Province: Surkhet (+ Jumla sub-branch)
Sudurpashchim Province: Dhangadhi (+ Bajhang, Doti sub-branches)
RBCL requires high-level technical and professional expertise in non-life insurance. The company is advancing workforce development accordingly.
Approved Staff Positions: 147
Current Staff:
Permanent: 114
Contract/Outsourced: Total 210
Vacancies are being filled as per the Public Service Commission schedule.
Active Agents Nationwide: 296
These agents play a crucial role in raising insurance awareness and reaching the general public.
RBCL aims to conduct agent training and produce skilled, dedicated agents to support business growth.
Surveyors: 191 are affiliated with RBCL to evaluate losses and support claims settlement.
RBCL’s investments comply with the regulations of:
Government of Nepal
Insurance Board of Nepal
Nepal Rastra Bank
Investments are held in:
Nepal Oil Corporation
Prabhu Bank
Civil Bank
Nepal Lube Oil Limited
Debentures and term deposits
As of the end of Ashadh 2082, NPR 6.77 billion is invested in fixed deposits with commercial and development banks.
RBCL partners with global reinsurers for risk management and business continuity:
Key Reinsurers:
Swiss Re
Hannover Re
Munich Re
PTA Re
GIC India
Oriental Insurance (India)
Sava Re
Ocean Re
Reinsurance Brokers:
J B Boda
Protection Re
UIB Re
Willis Towers Watson
Marsh Ltd.
AUIB
Domestic Partners:
Nepal Reinsurance Company Ltd.
Himalayan Reinsurance Ltd.
These efforts support foreign exchange retention.
RBCL maintains:
Strong governance
Customer-centric service
Financial discipline
High professional ethics
It has helped counter unhealthy market competition.
Key Performance Indicators: Profit, net worth, EPS—all surpass industry averages.
RBCL follows guidance from:
Government of Nepal
Insurance Board
Policyholders
Shareholders and stakeholders
Ongoing improvements aim to establish RBCL as a professional insurer.
Agricultural Coverage: In line with Insurance Board policy, RBCL offers agriculture, livestock, and herbal insurance to support sector expansion.
Company value is determined by liquidity, reliability, and fixed assets.
RBCL and National Life Insurance Co. Ltd. jointly manage a 15-ropani plot at Ramshah Path. Plans are in place to transfer ownership to RBCL and construct its headquarters.
Other Properties:
Birgunj: 6 Kattha
Dhangadhi: 6 Kattha 10 Dhur
Bhairahawa: 4 Kattha 10 Dhur
All have company-owned buildings.
Disclaimer: This information has been prepared based on the available information and official statistics. Before making insurance-related decisions, readers are requested to contact the company’s official website or office to obtain further information.
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