Mergers & Acquisitions Of Insurance Companies In Nepal

September 7, 2023 | Investopaper

With the directive of Nepal Insurance Authority to increase the minimum paid-up capital of life insurance companies to Rs 5 billion and non-life insurance companies to Rs 2.5 billion, several insurance companies have undergone merger/acquisition in order to meet the minimum capital requirement.

As of Ashad’s end 2080 BS, there are 14 non-life or general insurance companies and 14 life insurance companies operating in Nepal. So far, 10 non-life insurance companies have successfully completed merger to form 5 new insurance companies. Likewise, 9 life insurance companies have merged and commenced joint operation in the name of 4 new life insurance companies.

The table below presents the list of the companies which have successfully merged and started integrated transaction.


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Mergers/Acquisitions Of Non-Life Insurance Companies

S.N. Non-Life Insurance Companies Merger/Acquisition Name Of Company After Merger/Acquisition
1 Ajod Insurance Limited and United Insurance Company (Nepal) Limited. Merger United Ajod Insurance Limited
2 Sanima General Insurance Limited and General Insurance Company Nepal Limited Merger Sanima GIC Insurance Limited
3 Sagarmatha Insurance Company Limited and Lumbini General Insurance Limited Merger Sagarmatha Lumbini Insurance Company Limited
4 Siddhartha Insurance Limited and Premier Insurance Company (Nepal) Limited Merger Siddhartha Premier Insurance Limited
5 Everest Insurance Company Limited and Himalayan General Insurance Company Limited Merger Himalayan Everest Insurance Limited

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Mergers/Acquisitions Of Life Insurance Companies

S.N. Life Insurance Companies Merger/Acquisition Name Of Company After Merger/Acquisition
1 Prabhu Life Insurance Limited and Mahalaxmi Life Insurance Company Limited Merger Prabhu Mahalaxmi Life Insurance Company Limited
2 Sanima Life Insurance Company Limited and Reliance Life Insurance Limited Merger Sanima Reliance Life Insurance Limited
3 Surya Life Insurance Company Limited and Jyoti Life Insurance Company Limited Merger SuryaJyoti Life Insurance Company Limited
4 Gurans Life Insurance Company Limited, Union Life Insurance Company Limited and Prime Life Insurance Company Limited Merger Himalayan Life Insurance Limited

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