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Financial Service - Insurance

Financial Service - Insurance

Financial services in Nepal is slowly growing and over the past 25 years the financial sector has become deeper and the number and type of financial intermediaries have grown rapidly. Recent reforms have also made the banking sector, insurance and stock markets  more stable. Still, access to financial services remains limited for many people in Nepal. Given the scenario, Shanker has invested in the insurance sector to further grow the penetration of Insurance in Nepal 


Our investments are in two companies:


  • Union Life Insurance - The mission of the company is to provide its customers with the range of different life insurance services that best meets their needs with total security, competitive rate of premiums, compensation and one-to-one service that treats the customer as an individual, not a number. We operate on the core philosophy of customer-centricity. We offer long term savings and protection products to meet different life stage requirements of our customers. We have developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance and a hassle-free claim settlement experience to our customers. Life insurance is not just a business, it is a social service as well.The primary objective of the company is to carry on all life insurance business including the health insurance. The company is to provide qualitative life assurance services to its valued customer/policyholders by introduction of latest technology and new product. The Company would actively involve itself in mobilization of domestic savings. 


  • Himalayan Re-Insurance - Himalayan Re is Nepal’s first private reinsurance firm and will provider insurance and other forms of insurance-based risk transfer, working to make the world more resilient. The aim is to enable society to thrive and progress, creating new opportunities and solutions for its clients.