Products – Motor Vehicle Insurance – Siddhartha Premier Insurance Ltd.

MOTOR INSURANCE

Your Key to Stress-
Free Motor Insurance

Drive with confidence, knowing you're protected on the road.

Comprehensive Coverage

From accidents to theft and more, our policies provide complete protection for your peace of mind.

Customer-Centric Service

Our dedicated team ensures a seamless experience, from purchase to claim, always putting you first.

Competitive Premiums

We offer affordability without compromising quality, so you can enjoy the road worry-free.

Motor Vehicle Insurance

Understanding Your Insurance Options

Every vehicle on roads runs the risk of incurring legal liability to pay compensation to the third party for death, bodily injury, property damage arising out of the use of the vehicle, with further heavy loss of accidental damage to the vehicle itself. This policy indemnifies vehicle owners against such contingencies. Private car owners with car insurance in Nepal can avail of this insurance cover against comprehensive risks including third party personal injury and property damage and additionally riot & strike, earthquake, flood, personal accident to passengers, drivers, etc.

Types of Motor Policy:

Comprehensive insurance
Third-party insurance

Why Choose Siddhartha Premier Insurance
for Motor Vehicle Insurance Cover?

SPIL Comprehensive motor insurance covers the following risks to the vehicle:

Theft, Burglary
Fire, Lightning, Explosion
Accidental external means
Earthquake, Flood, Inundation, Landslide, Storm, Hailstorm, Snow, Frost
Damage to the vehicle due to mechanical breakdown
Whilst in transit
Terrorism Group Risks (Optional Risks that can be included for an extra premium)
Third Party Liability covers the liability of the vehicle to pay compensation to third party personal injury (including Death) and motor damage arising out of the use of Motor Vehicle.

Insurance Policy period:

For comprehensive = 12 months or short period
For third-party = only 12 months

Required documents for Car Insurance in Nepal:

Vehicle details (copy of bill book, purchase invoice, authorized email by insured, etc.)
Filled proposal form
Filled KYC form
Support documents (copy of citizenship, VAT, PAN Reg, etc.)
Insured contact details (phone/mobile number, email, etc.)