Overview


What is Insurance?

Insurance is a form of risk management in which the insured transfers the cost of potential loss to another entity in exchange for monetary compensation known as premium. Insurance allows individuals, businesses, and other entities to protect themselves against significant potential losses and financial hardship at a reasonably affordable rate.

Everyone that wants to protect themselves or someone against financial hardship should consider insurance. They may include:

  • Protecting family after one's death from loss of income
  • Ensuring debt repayment after death
  • Covering contingent liabilities
  • Protecting against the death of a key employee or person in your business
  • Protecting your business from business interruption and loss of income
  • Protecting yourself against unforeseeable health expenses
  • Protecting your home against theft, fire, flood and other hazards
  • Protecting yourself in the event of disability
  • Protecting your car against theft or losses incurred because of accidents
  • And many more…

As per Insurance Regulation 2049 (1993), the Nepal Government has categorized insurance business to be operated by an Insurer shall be divided into the following categories:


Under Life Insurance the following are listed:

  • Whole Life Insurance.
  • Endowment Life Insurance.
  • Term Life Insurance.

Under Non-life insurance, the following are listed:

  • Fire Insurance.
  • Motor Insurance.
  • Marine Insurance.
  • Engineer’s and Contractor’s Risk Insurance.
  • Aviation Insurance.
  • Miscellaneous Insurance.

What are the Benefits of Taking Insurance through Civil Bank?

1. Comprehensive Advice
Bancassurance dovetails perfectly with range of retail banking services by not only offering products related to savings (such as pension and life insurance plans) but also loan protection plans (for home loans, auto loans, etc.) and personal protection products. Our customers are therefore able to buy a range of financial products from a single point of contact capable of covering all their needs. In the event of claim, they enjoy the further benefit of being looked after as part of the wider customer care relationship.

2. Ease of Access
Customers have a natural and frequent level of contact with the Bank. It is equally natural that when they visit the Bank, they should find straightforward over-the-counter responses to all their financial needs, including savings, deposits, loans, loan protection and protection against unforeseen life events.

3. Time Save
With insurance services directly offered through the Banks, the customer saves time by not having to travel to insurance companies. A dedicated Bancassurance desk has been set up to service our clients.

4. Security
The customer can live with a peace of mind knowing that a rapidly growing ‘A’ class commercial bank will always be at their service to help should any issues arise with regards to their insurance policies.

5. Expanding network
Civil Bank has an expanding network of branches in different regions of Nepal. The figure as of now stands at 13 but is expected to grow in the future. The customer is able to approach any one of these branches for insurance.

6. Money Save
A 5% rebate can be received on the renewal premiums (second year premium) for life insurance plans taken directly through Civil Bank thus enabling to save some amount of money for miscellaneous expenses.

At Civil Bank we offer our valued customers both:


Please fill out the Form below for us to contact you and serve you better:
  • Life
  • Non-Life
 

life


* Name
  Gender Male Female
* Marital Status
* Date of Birth
* Insurance Need
* Stage in Life Student/Young Professional/Thinking about Marriage
Newly Married, Married (no child)
Married (with child/children)
Married (children in teens)
Nearing Retirement, Retired
* Mobile Number
  Office Number
  Residence Number
* E-mail
 

Non-life

* Name
* Insurance Need
* Mobile Number
  Office Number
  Residence Number
* E-mail
 

Alternatively, to know more about life or non-life insurance, please contact any of our branches or call the Main Branch at 416 9030/40. Or email us at: insurance@civilbank.com.np