Sunday. December 03. 2023 
NP 
Siddhartha Insurance Limited & Premier Insurance Co. (Nepal) Limited have merged together and formed new insurance company with name Siddhartha Premier Insurance Limited. Siddhartha Premier Insurance Limited have started joint operation from 1st of March 2023.
The MOU was signed between Sipradi Trading Pvt Ltd and Siddhartha insurance Ltd for the cashless insurance scheme. The MOU was signed in the presence of vice president Mr.Saurav Raj Thapaliya of Sipradi Trading Pvt Ltd and Mr.Birendra Baidawar Chhetry Chief Executive Officer of Siddhartha Insurance Ltd.
The cover applies to any machinery or plant subject to mechanical or electrical stresses/breakdown, defect in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short-circuit, strom etc.
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Latest News
Introducing Client Portal by Siddhartha Premier Insurance. The web portal is introduced to track claim status in today's fast-paced world, convenience and efficiency are essential in every aspect of our lives, including insurance claims. Siddhartha Premier Insurance Ltd is proud to introduce its Client Portal, a user-friendly platform designed to empower our valued customers. With this innovative solution, policyholders can effortlessly track their claim status, submit necessary documents, and enjoy a hassle-free claim process.
Accessible Anytime, Anywhere:
With the Client Portal, Siddhartha Premier Insurance Ltd ensures that policyholders have 24/7 access to their claim information. Customers can conveniently log in to the portal using their provided username and login PIN, which is sent to their registered mobile number. This accessibility empowers clients to stay informed about their claim status at their convenience, eliminating the need for frequent phone calls or visits to insurance offices.
Real-Time Claim Tracking:
Gone are the days of uncertainty and waiting for claim updates. The Client Portal enables policyholders to track their claims in real-time. From the moment a claim is submitted, clients can monitor its progress every step of the way. Whether it's an update on claim processing, document verification, or payment status, the portal provides transparency and Trust.
Effortless Document Submission:
Submitting claim-related documents has never been easier. The Client Portal allows policyholders to upload the necessary documents directly through the platform. This eliminates the hassle of physical document submission, reducing paperwork and expediting the claim processing timeline. Customers can simply scan or take photos of the required documents and submit them securely via the portal.
Enhanced Security and Privacy:
Siddhartha Premier Insurance Ltd understands the importance of protecting customer data. The Client Claim Web Portal ensures the highest level of security and privacy for policyholders' information. Robust encryption protocols and advanced security measures are implemented to safeguard sensitive data. Clients can confidently utilize the portal, knowing that their personal and claim-related details are protected.
The Siddhartha Premier Insurance Ltd's Client Portal revolutionizes the way policyholders engage with their claims. By providing 24/7 accessibility, real-time tracking, effortless document submission, enhanced security, and personalized notifications, the Client Portal ensures a seamless and efficient claims experience. Siddhartha Premier Insurance Ltd continues to prioritize customer satisfaction by leveraging technology to simplify insurance processes and empower its valued clients.
Investing in the Client Portal is a testament to Siddhartha Premier Insurance Ltd.'s commitment to delivering exceptional customer service. By streamlining the claims process, the web portal enhances the overall customer experience, fostering Trust and Security among policy holders. To experience the convenience and efficiency of the Siddhartha Premier Insurance Ltd Client Claim Web Portal, visit our website or contact (Tel: +977-01-5705766, 5707190, 5705447) our customer support team for further assistance. Remember, at Siddhartha Premier Insurance Ltd, we are dedicated to your Trust and Security and providing comprehensive insurance solutions that prioritize your needs.
services & policies
Machinery Breakdown Insurance
The cover applies to any machinery or plant subject to mechanical or electrical stresses/breakdown, defect in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short-circuit, strom etc.
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Introduced "International Mediclaim Policy" with wide coverage of personal accidents at moderate premium rate for medical emergecy expenses, hospital expenses, loss of checked baggage, passport and third party liability.
General Claim Procedures:
a. Report to the Insurance Company immediately through intimation letter with the following details
i. Policy No and details.
ii. Date/Time/Place/cause of accident,
iii. Carrier/Properties involved in accident,
iv. Estimated loss Amount
v. Location
vi. Contact Person and address (with Tel No)
Mediclaim:
The following supporting documents are required for the purpose for scrutiny.
Hospitalization Claims:
a. Duly completed claim form.
b. Bills, receipt and discharge certificate/card from the hospital.
c. Cash memo from the hospital.
d. Bills from chemist supported by proper prescription
e. Receipt and Pathological test reports from a Pathologist supported by the note from attending medical practitioner/surgeon prescribing such pathological tests.
f. Nature of operation performed and surgeon's bill and receipt.
Siddhartha Insurance Company Ltd. started this policy from 11th Aug, 2006.
The policy is intended to cover accidental loss or damage to civil engineering works, e.g. erection of building, road or railway construction, irrigation, bridge construction and other infrastructural designs including third party liability.
There are two types of policies in this Insurance
1. Comprehensive-
i) Covers any loss or damage to&/or by the vehicle from
- Accidental external means
- Fire, external explosion, self-ignition, lightning, burglary, house-breaking or theft.
- Malicious act, RSD, Sabotage
damaged to third party properties
2. Third party liability restricted to the liability described in (ii) above and not the
insured's vehicle.
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This policy covers financial loss that may arise as a result of accident caused by external violent and visible means causing death or disablement by 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 is extended to cover the risk of Trekking, Mountaineering, Expeditions, Rafting, Commercial Flights, etc. But this policy does not cover the chartered flights.
General Claim Procedures
a. Report to the Insurance Company immediately through intimation letter with the following details
i. Policy No and details.
ii. Date/Time/Place/cause of accident,
iii. Carrier/Properties involved in accident,
iv. Estimated loss Amount
v. Location
vi. Contact Person and address (with Tel No)
Personal Accident Claim
In case of any unfortunate claim, you need to:
Provide us written notice with full particulars immediately.
Collect the claim form and submit us giving full details along will all the required documents.
The documents generally required for processing Personal Accident claims are:
a. Claim Form duly completed.
b. Report of the attending doctor.
c. Investigation report like laboratory test, x-ray & reports for confirmation
of injury
d. Medical bill corresponding to doctor prescription where medical extension
is granted.
e. Police Report/Muchulka.
f. Record of Admit and Discharge from the hospital.
g. Salary Statement
h. Attendance Record.
i. Post-Mortem Report. (In case of death due to accident)
In case of Death insured under G.P.A for the overseas worker following documents are required:
a. Death Certificate
b. Post-Mortem report.
c. Citizenship of the deceased.
d. Marriage Certificate (if wife/husband is the legal heir)
e. Relationship Certificate with the legal heir.
f. Police Report.
g. Citizenship of the legal Heir.
h. Copy of the Passport and Visa.
i. Documents related to his/her work at overseas.
j. Report from the concerned Office where the person is employed.
k. Permit issued from the Shrambivag.
l. Airway Bill.
In case of Claim under Personal Accident (Trekkers/Expedition/Raft)
a. Claim Form duly completed.
b. Medical report duly completed by the attending Doctors/Hospital.
c. Attending Doctors/Hospital's prescriptions in original.
d. Original Bills/Cash Memos etc, incurred for medical expenses.
e. Joint Report of Sardar and group leader and/or Expedition team Leader.
f. Death Certificate. (In case of death).
g. Post-Mortem Report.(in case the body is recovered)
h. Certificate from the Ministry of Tourism (Expedition Permission).
i. Liaisons Officers Report.
Siddhartha Insurance Company Ltd. started this policy from 16th April, 2006.
Earthquake claim detail
- No. of Claim Intimated 1690
- Amt. of Estimated Claim 917,894,000.00
- No. of Paid Claim 1690
- Amt. of Paid Claim 737,724,000.00
- No. of Adv. Paid 0
- Amt. of Adv. Paid 0
- Update on 2019-03-27
Getting ready to fly ?
Please take International Traveller's Mediclaim Insurance Policy before travelling.
SIDDHARTHA PREMIER INSURANCE LTD. will provide for anywhere in the world with wide coverage of personal accidents, emergency medical expenses and air ambulance, hospital benefit, loss of checked baggage, delay of checked baggage, loss of passport and personal liability, travel delay & hijacking with moderate premium rate.
