Contact Us

Shikhar Biz Centre
Fifth to Seventh Floor,
Thapathali, Kathmandu, Nepal
P.O. Box: 10692, Kathmandu Nepal
Phone No: +977-01-4246101, 4246102
Fax No: 977-1-4246103
  1. What is insurance?
    Insurance is a contract between two parties in which one party the insurer in return of certain and agreed amount of money called the premium, assure the other party, the insured to make good any financial loss, the insured may suffer as a result of occurrence of the specified, insured and unforeseen events (perils), that take place within the period described in the contract.
  2. How many types of insurance are there in the market?
    There are two types of insurance in the market, namely Life Insurance and Non-Life or General Insurance. Life Insurance provides cover for human and human related things. Sikhar Insurance Company issues Non-Life Insurance only.
  3. What is Non-Life Insurance?
    Non-Life or General Insurance provides insurance cover for things that are not covered by Life Insurance, for example, cover for house, warehouse, industry, vehicle etc. However, Personal Accident, Personal Medical, Third Party Liability, Production Liability, Travel/Trip are also covered in Non-Life Insurance. The nature of Non-Life insurance cover is normally short term, such as one year.
  4. How can a person or organization take insurance?
    To take insurance, a person or organization should decide, what is the product they want the cover for, what are the perils they want to cover against,what is the current monetary value of the product and for how long they want it covered. After that, they have to get a proposal form from Shikhar Insurance Company or its website, fill the appropriate fields and submit at any of the Shikhar Insurance offices. (Our marketing staffs are available to assist on filling proposal form in any of the branch or head office)
  5. What is the purpose of filling up the proposal form?
    The purpose of proposal form is to get information from the insured to issue insurance policy. The information is as followed: · Name & Address of proposer; · Details about the proposed properties, persons, liabilities etc; · Location, Transit route etc. of proposed; · Property, profession age etc. of proposed persons, nature of business for liabilities etc; · Proposed Value, Limit of liabilities, Sum Insured etc. for the insurance; · Risks required; · Period of insurance; · Past insurance and claim record…..etc
  6. What documents are required with proposal?
    For Motor Vehicle Insurance, photocopy of the vehicle registration book (Blue Book) and Renewal Notice from the previous Insurance Co. for “No Claim Discount”; for Marine Transit Insurance, Invoice / Performa Invoice, Packing list, Letter of Credit (L/C) etc.; for Contractors\' All Risk Insurance, Contract Document, Bill of Quantity (BOQ); for Travel Medical Insurance, Copy of Passport and for other insurance, as required by the Insurance Company
  7. What are the duties of insurance policy holder?
    The insurance policy holder should check the “Policy Schedule” for the confirmation of insured name, policy period, property/person/liability insured, risks covered, premium, special exclusions etc and “Policy” for terms, conditions, exclusions, warranties, limitations etc. The insurance policy holder should also check the premium calculation.