Himalayan Everest Insurance

What Himalayan Everest Insurance does

Himalayan Everest Insurance Limited (HEI) is a Nepal-domiciled non-life (general) insurance carrier incorporated in 1989 and licensed by the Nepal Insurance Authority under License Number 04/050. It issues its first motor policy in 1993 and, following the first-ever merger in Nepal's insurance industry (completed 2024), now operates a 12-product non-life portfolio covering motor (private two-wheeler, private four-wheeler, commercial vehicle), health, property, travel, marine, engineering, accidental, burglary, aviation, and agriculture/cattle insurance. The company serves three primary customer segments — individuals/personal consumers, corporate/business entities, and the agriculture sector — through a horizontal segmentation approach.

HEI's operating model combines a physical branch-led distribution network with digital channels. It maintains headquarters at Babarmahal, Kathmandu and dedicated Province Head Offices across all 7 provinces of Nepal (Biratnagar, Birgunj, Kathmandu, Pokhara, Butwal, Surkhet, Dhangadhi), each led by a Province Chief. Digital distribution includes a corporate website with online quote-request forms and a motor premium calculator, alongside Facebook, Instagram, and LinkedIn presences. Premium collection is embedded in Nepal's mainstream digital payment infrastructure through partnerships with eSewa, Khalti, Fonepay, CellPay, and ConnectIPS.

The revenue model is premium-based, subscription-recurring in nature: HEI collects annual, quarterly, or monthly premiums priced on risk, coverage, and sum insured across its product lines, with policy-based pricing disclosed privately rather than publicly. The firm is structured as a public limited company with shares trading on the Nepal Stock Exchange (NEPSE), governance led by Chairman Mahendra Krishna Shrestha and CEO Anju Shrestha (appointed October 2024), with promoter, public, and independent directors on the board. The company's stated differentiators are its three-decade operating history, post-merger scale advantages in risk capacity and distribution, comprehensive non-life product breadth, and regional industry recognition including Insurance Asia 'Domestic General Insurer of the Year 2024'.

Name

Himalayan Everest Insurance

Legal name

Himalayan Everest Insurance Limited

Website

https://hei.com.np

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Himalayan Everest Insurance is a Nepalese non-life (general) insurance carrier offering motor, health, property, travel, marine, engineering, agriculture, accidental, burglary, and aviation coverage to individuals, businesses, and farmers through a 7-province branch network and digital payment integrations.

Ownership category

akta.pro rank

Product category

Non-Life Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Travel & Accident (Non-Life) Insurance (FSAJAMAN)

Keywords

• Non-life insurance
• General insurance
• Motor insurance
• Property insurance
• Health insurance

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Non-Life Insurance Premiums: HEI generates revenue through collection of insurance premiums from policyholders across various non-life insurance product lines including motor, health, property, travel, marine, engineering, and agriculture insurance. Premiums can be paid annually, quarterly, or monthly.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Himalayan Everest Insurance Limited underwrites and distributes non-life (general) insurance products to individuals and businesses across Nepal. Its portfolio covers motor, marine, accidental, health, travel, engineering, property, agriculture, burglary, and aviation insurance, distributed through a nationwide branch network and digital channels. The company is licensed by the Nepal Insurance Authority (License No. 04/050) and operates a customer portal, mobile app, and integrations with major Nepali digital payment providers for premium collection.

Product overview

Himalayan Everest Insurance is a non-life (general) insurance provider offering a comprehensive portfolio of insurance products designed to meet diverse risk protection needs of individuals, businesses, and institutions in Nepal. The company operates as a single unified insurance platform offering multiple core product lines: Motor Insurance (covering Private Motorcycle/Scooter, Private Car/4-Wheeler, and Commercial Vehicle), Property Insurance, Health Insurance, Travel Insurance, Agriculture Insurance, Accidental Insurance, Marine Insurance, Engineering Insurance, Burglary Insurance, and Aviation Insurance. The company completed the first-ever merger in Nepal's insurance industry, enhancing its competitive strength through expanded risk-taking capacity and distribution network.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Motorcycle/Scooter Insurance Non-life motor insurance coverage tailored for privately owned two-wheelers (motorcycles and scooters) for individual owners in Nepal.
• Commercial Vehicle Insurance Motor insurance coverage for commercial vehicles such as trucks, buses, and commercial fleets used by businesses.
• Private Car / 4-Wheeler Insurance Motor insurance coverage for privately owned passenger cars and four-wheelers for individual owners.
• Marine Insurance Coverage for marine cargo and transit-related risks for businesses shipping goods.
• Accidental Insurance Personal accident insurance providing financial protection against accidental injury or death for individuals.
• Health Insurance Non-life health insurance providing medical expense coverage for individuals and families.
• Travel Insurance Travel insurance covering risks associated with domestic and international travel for individual travelers.
• Engineering Insurance Coverage for engineering and construction projects, including contractor's all-risk and erection risks for businesses.
• Property Insurance Coverage for property risks such as fire and allied perils for homeowners and commercial property owners.
• Agriculture Insurance Coverage for agricultural risks including crops and livestock for farmers and agribusinesses.
• Burglary Insurance Insurance covering losses caused by burglary and theft for residential and commercial premises.
• Aviation Insurance Specialized insurance covering aviation hull, liability, and related aviation risks for airlines and operators.

Segments3 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• eSewacoreGTM or Marketing PartnerDigital payment partnership enabling customers to pay insurance premiums through the eSewa platform. Provides convenient payment options for policyholders.
• KhalticoreGTM or Marketing PartnerDigital wallet partnership for premium collection, allowing customers to make insurance payments via Khalti digital payment platform.
• FonepaycoreGTM or Marketing PartnerPayment partnership enabling QR code and digital payment services for insurance premium transactions.
• CellPaysupportingGTM or Marketing PartnerMobile payment partner for processing insurance premium payments through CellPay platform.
• ConnectIPScoreGTM or Marketing PartnerDigital banking payment partner enabling bank-based payment services for insurance premium collection and transactions.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Shikhar Insurance Company Limited: Nepalese non-life insurer offering motor, property, marine, engineering, and other general insurance lines. Directly comparable to HEI as a domestic multi-line general insurance carrier competing in the same market.
• Neco Insurance Limited: Nepalese non-life insurance company providing a broad portfolio of general insurance products. Comparable to HEI as a domestic competitor in motor, fire, marine, and miscellaneous non-life lines.
• Sagarmatha Insurance Company Limited: Nepalese general insurance carrier underwriting motor, fire, engineering, marine, and other non-life products. A direct domestic peer to HEI operating under the same Nepal Insurance Authority framework.
• Siddhartha Insurance Limited: Nepalese non-life insurer with motor, property, engineering, and miscellaneous lines. Comparable to HEI as a similarly-positioned domestic general insurance competitor.
• NLG Insurance Company Limited: Nepalese non-life insurance company underwriting motor, property, marine, and miscellaneous lines. Comparable to HEI as a domestic multi-line competitor with similar regulatory exposure.
• Citizens Insurance Company Nepal: Nepalese general insurance provider offering motor, fire, marine, and other non-life products. A direct domestic peer competing for the same individuals, corporates, and agriculture segments as HEI.
• IME General Insurance Limited: Nepalese non-life insurer offering motor, health, property, and travel insurance. Directly comparable to HEI's product mix and customer segments within Nepal's domestic general insurance market.

Broad incumbents

• Bajaj Allianz General Insurance Company: Large Indian private non-life insurer providing motor, health, property, travel, and commercial lines. Comparable to HEI in product structure and underwriting focus, but at significantly greater scale.
• ICICI Lombard General Insurance Company: One of India's largest private general insurers offering motor, health, property, marine, and travel insurance. Comparable to HEI in product breadth and target segments, but operating at much larger scale across a bigger geography.
• Tata AIG General Insurance Company: India-based private general insurer offering motor, health, travel, property, and liability coverage. Comparable to HEI's multi-line general insurance model, though at substantially larger scale across India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ariZHNDrbMn2vFse
• LinkedInlinkedin.com/company/himalayan-everest-insurance
• Instagraminstagram.com/hei.com.np/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Himalayan Everest Insurance