About Us

Alliance Insurance Company Limited is a non-life insurance company founded in 1996 by leading industrial and business houses of Nepal having share participation of Karmachari Sanchaya Kosh (Employees Provident Fund) an enterprise of Nepal Government and Peoples Finance Limited. It has paid up capital of approximately 14 crores which is the highest among non-life insurance companies of Nepal.

Mr. Govinda Das Shrestha, a prominent and leading dignitary in the field of Hotel & Tourism Sector leads the company as Chairman and Mr. B.K. Shrestha, FNCCI Executive Member, and Managing Director, Oriental Hotels Ltd, Hotel Radisson as Vice-Chairman since the
very inception of the company. This company has emerged as one of the leading and renowned general insurance company of the second generation in non-life insurance sector.

Vision & Mission

Our company has made a mark as a reputed and reliable insurer in the field of non-life insurance in Nepal in these ten years since its inception. In the context of globalization, we aim to make headway in the days to come by coming to the terms with changing times and the needs it brings in its wake in the areas of insurance. We have lived up to the expectations of our valued clients who have stood by us over the years and we hope to increase the number of satisfied customers in geometrical progression in the days to come by providing quality service and financial compensation in the event of unforeseen misfortune

Mr. Yugesh Bhakta Bade Shrestha, the Chief Executive Officer of the company has been involved with the organization since the very
inception in the year 1996. He is the first staff member from the organization to shoulder the responsibility. Prior to becoming a CEO, he was the chief of the Underwriting Department and Marketing Department. After having been involved with the company for the nearly one and half decade, he has acquired in-depth/diverse knowledge of different facets of non-life insurance. With his vision and strong knowledge of the insurance sector, he has successfully run the company for 2 years. He is one of the youngest among the executive chiefs in the non-life insurance companies in Nepal.

Mr. Sachendra Manandhar Assistant General Manager Mr. Sachendra Manandhar, the Assistant General Manager has been serving the company from the beginning of second year of its operations in 1997. He holds a Masters degree in Humanities and has been briefly involved in journalism. He is in charge of the Reinsurance Department and looks after international PR. Besides he also looks after the general administrative affairs and when necessary, other miscellaneous affairs of the company too.

Offices
Alliance Insurance Company Limited
P.O.Box: 10811, Tinkune, Kathmandu, Nepal Phone: 977-1-4499220, 4499226 Fax: 977-1-4499647 Email: info@allianceinsurance.com.np Web: www.allianceinsurance.com.np

Branch Offices:
Banepa
Phone: 011.663533

Biratnagar
Phone: 021.530519

Butwal
Phone: 071.543933

Birgunj
Phone: 051.527201

Dang
Phone: 082.522682

Hetauda
Phone: 057.525880

Itahari
Phone: 025.587031

Narayangadh
Phone: 056.523967

Nepalgunj
Phone: 081.525946

Pokhara
Phone: 061.528789

Introduction Vision & Mission Board of Directors Management Team Insurance Agents

Surveyor Offices

Fire Insurance

Fire insurance covers all kinds of mobile and immobile property having pecuniary value which includes buildings, plants, machinery, furniture, fixtures and fittings, household articles, stocks and merchandise etc.

Fire policy can be extended to cover:

earthquake

riot and strike damage, terrorism

malicious damage

storm, tempest, flood and inundation, landslide

aircraft damage or articles dropped there from

damage caused by vehicle or animal

Household Insurance

Under this insurance the company will indemnify the insured against loss of or damage to the private dwelling house and the household contents therein by any of the following perils without an extra premium. The main objective of this is to protect the fixed assets of the service holders. The sum not exceeding Rs. 5,000,000 can be insured against the risks mentioned below.

fire, lightning, explosion of domestic appliances and earthquake storm and flood & Inundation subsidence and landslide riot and strike, terrorism malicious damage burglary and housebreaking damage caused by vehicle or animal

Motor Insurance

There are two kinds of policies of this insurance:

Comprehensive
i. includes any loss or damage to the vehicle by

accidental external means

fire, external explosion, self-ignition, lightning, burglary, housebreaking and theft

malicious act

whilst in transit by road, rail, inland waterway, lift or elevator

ii. The insured liability to third parties both in respect of bodily injury and properties of the third party. The policy can be extended to cover the following risks on payment of the additional premium flood, earthquake, riot & strike damage, terrorism etc. Third Party Liability restricted to the liability described in 1(ii) above and not the insured

Marine Cargo Insurance

The company provides Marine Cargo Insurance of goods whilst in transit by sea, air, rail, or road. This insurance can also be extended to cover all risks of loss of or damage to the goods insured caused by war, strike or malicious act as per the institute cargo clauses.

Personal Accident Insurance

This policy covers financial loss that may arise as a result of accident caused by violent and visible external means causing death or disablement due to bodily injury. In the case of comprehensive personal accident insurance it covers temporary total disablement and medical expenses up to fixed limits. Besides, the policy can be extended to cover the risks that could arise during trekking, mountaineering expedition, rafting, commercial flights, etc. but the policy does not cover the chartered flights.

Travel Insurance

Keeping in mind growing need of medical insurance for Nepalese going overseas, Alliance has come up with Alliance Travel Insurance Policy This insurance is intended to cover the insured in the event of sudden and unexpected sickness or accident arising when he is abroad and also loss of checked baggage, passport and public liability by means of extension the policy.

Burglary & Housebreaking Insurance

This insurance is intended to cover contents of premises against loss or damage by burglary and/or by housebreaking. Here the burglary and housebreaking are defined as theft involving entry to or exit from the insured premises by forcible and violent means. It is a general condition of this policy that a watchman or a security guard is available in the premises on a 24 hour basis.

Cash in Transit Insurance

This policy provides an indemnity in respect of loss of money carried by authorized messenger while in transit from one place to another, specified in the policy due to robbery, loss caused by the accident of vehicle and aeroplane. This insurance is intended for banks, industrial, manufacturing and business concern who periodically draw from banks or other sources large sums of money for payments of salaries and for other day-to-day transactions.

Fidelity Guarantee Insurance

This insurance is intended to provide an indemnity to the employer for financial loss sustained as a result of forgery, embezzlement and larceny of fraudulent conversion of money of the employer committed by salaried employees in the course of performance of their duties. The maximum liability under the policy will be the amount of guarantee.

Students Safety Insurance Scheme

The policy is intended to be issued to the schools/campuses or any other educational institutions for the benefits of the students studying therein. The students will be covered against death, total loss of two limbs or one eye etc. and permanent total or partial disablement. In addition to the above, the policy will provide reimbursement of medical expenses, subject to certain limit any one student per any one year incurred by the students for treatment to him / her in a hospital or nursing home, as an in-patient for any injury sustained by an accident.

Our Products

fire insurance

household insurance

motor insurance

marine cargo insurance

personal accident insurance

travel insurance

burglary & housebreaking insurance

cash in transit insurance

fidelity guarantee insurance

students safety insurance scheme contractors all risk insurance

erection all risk insurance

marine cum erection insurance

machinery breakdown insurance

electronic equipment insurance

aviation insurance

other insurances