Nepal Insurance Company Limited, a pioneer non-life insurance company of Nepal was established on 1947 A.D. by Nepal Bank Limited (the first commercial Bank) and the general public with 51% and 49% shares respectively.

In the beginning, the name of this company was "Nepal Malchalani Tatha Beema Company" and had changed its name as "Nepal Insurance & Transport Company Ltd." on 1959 A.D. Now its name is "Nepal Insurance Company Ltd." since 1991 A.D. The company was incorporated on 2051-09-06 under the Company Act 2021(Currently Company Act 2063) and operated as general insurance company after obtaining a license on 2053-02-17 under the insurance act 2049.

The registered office of the Company is located at Kamaladi, Kathmandu, Nepal. The Insurance Company is listed in Nepal Stock Exchange Limited (the sole stock exchange in Nepal) for public trading.