Nepal Micro Insurance Company (NMIC) established on Bhadra 8, 2079 under the Company Act 2063 and Insurance Act 2079/80 with a commitment to making insurance accessible to millions in Nepal’s remote & rural communities. This is the First non-life micro insurance Company to receive an operating license in Nepal. Recognizing the critical need among low-income households, our founders aimed to simplify complex & often unaffordable traditional insurance products.

NMIC developed a micro insurance platform that offers customized coverage at affordable prices. We achieved this by closely collaborating with local communities & organizations. This collaboration enabled us to understand their challenges, such as risks of natural disasters, health emergencies, & accidents.

At our core, we focus on delivering excellence customer service & reliable support during critical times. Additionally, NMIC actively forges partnerships with local entities to promote insurance awareness & community education, ensuring everyone accesses quality insurance equitably.

Furthermore, we gathered a team of experienced professionals who shared our vision. They worked tirelessly to develop innovative insurance products that meet the specific needs of our target market.

Our aspiration is to become Nepal's trusted insurance partner, serving from the remote Himalayan hills to the busy cities of Kathmandu. Ultimately, we are committed to providing accessible insurance solutions that reflect our values of integrity, compassion, & excellence. This commitment drives positive impact as we expand.

Nepal Micro Insurance Company (NMIC), a micro insurance company deeply dedicated to the people of Nepal. We envision overcoming every challenge to make insurance accessible, easy, & affordable.

VISION

To be the leading provider of microinsurance solutions that support communities to manage risk & achieve their financial goals, regardless of their income level.

Mission

To provide affordable & accessible insurance products that protect low-income households & small businesses & promote financial security.

Our Values: FAITH

At NMIC, we adhere to a core set of values that shape our operations, decisions, & interactions with stakeholders. These values are fundamental to our company culture & propel us toward achieving our mission & vision. Moreover, FAITH stands for:

F : Financial Inclusion

We make insurance accessible across Nepal by using new distribution channels & technologies. Our goal is to ensure our products are available everywhere. We simplify processes & remove barriers to include everyone, regardless of their income level or social status & make insurance easier for all.

A : Accessibility:

We focus on making insurance easily accessible in Nepal. We use innovative distribution channels & technologies to reach remote areas. This ensures that our insurance products are available to everyone who needs them. We simplify processes to remove barriers & promote inclusivity.

I : Integrity

Integrity is at the heart of everything we do. In our operations, we uphold the highest ethical standards & conduct our business with honesty, clarity, & responsibility. Additionally, we maintain the utmost respect for our customers, partners, employees, & regulatory bodies.

T : Trustworthiness

We recognize our responsibility as an insurance provider. Furthermore, we Focus on our policyholders' interests & strive to be a trusted partner in times of need. To achieve this, we build customer trust through quick & fair claims processing, clear communication, & dependable services.

H : Human Centric Approach

We Focus on people in our operations. We treat our customers with empathy to understand their unique needs. Additionally, our culture is customer-centric, ensuring our products meet their requirements effectively. We invest in continuous customer education, providing clear information to empower informed decisions.

We believe that by upholding the values of FAITH, we can positively impact our customers & communities. These values guide our actions, inspire our employees, & drive our commitment. Additionally, they highlight our dedication to financial access, accessibility, honesty, trustworthiness, & a human-centric approach.