Himalayan Everest Insurance Building Opens in Kumaripati
11th February 2026, Kathmandu
Himalayan Everest Insurance Limited has officially inaugurated its own modern, state-of-the-art building in Kumaripati, Ward No. 19, Lalitpur Metropolitan City. Effective from Magh 28, 2082 (February 10, 2026), the company has relocated its existing Lagankhel branch to this newly constructed facility.
Himalayan Everest Insurance Building
This move represents a major milestone in the company’s post-merger integration strategy, aimed at consolidating physical infrastructure to improve operational efficiency and customer service delivery.
Strategic Significance of the New Building
The transition from a rented space in Lagankhel to a company-owned property in the heart of the Lalitpur business district (Kumaripati) signals several strategic advantages:
Institutional Stability: Owning its corporate and branch premises reduces long-term operational costs (rent) and strengthens the company’s balance sheet.
Service Modernization: The new facility is equipped with advanced insurance processing technology and a customer-friendly layout designed for rapid claim processing and policy issuance.
Brand Visibility: Kumaripati is a major commercial hub; the new building serves as a permanent landmark for the company, enhancing brand trust among Lalitpur-based clients.
Enhanced Service Capabilities
Himalayan Everest Insurance (HEI) has emphasized that all services previously handled at the Lagankhel branch will now be seamlessly available at the Kumaripati location. Customers can access:
Motor Insurance: Fast-track policy issuance and renewal for two-wheelers and four-wheelers.
Health and Accidental Insurance: Simplified claim filing procedures with a dedicated support desk.
Agriculture and Livestock Insurance: Advisory services for local farmers and cooperatives.
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Travel and Property Insurance: Quick-response coverage for individual and corporate assets.
Financial Profile and Shareholder Updates (2082/83)
The construction and relocation follow a period of steady corporate performance for Himalayan Everest Insurance Limited (NEPSE: HEI).
Recent Dividend (FY 2081/82)
The company’s 32nd Annual General Meeting (AGM), held on Magh 6, 2082, officially approved an 8% cash dividend (including tax) for the fiscal year 2081/82. This dividend, worth approximately NPR 20 crore, has been distributed to shareholders who held shares as of the book closure date on January 5, 2026.
Market Performance
Total Assets: Approximately NPR 12.11 billion (as of Q1 2082/83).
Solvency and Capacity: Following the landmark merger of Himalayan General Insurance and Everest Insurance, the company now boasts one of the highest risk-retention capacities in Nepal’s non-life sector.
Current Stock Price: NPR 517.10 (as of February 10, 2026).
Impact on Stakeholders and Future Growth
By investing in its own infrastructure, HEI is moving away from the “asset-light” model commonly seen in the Nepali insurance sector toward a more permanent institutional model. The management has expressed that this building is just the first step in a larger plan to modernize branch offices across Nepal’s major provinces.
Conclusion
The inauguration of the Himalayan Everest Insurance Building in Kumaripati marks a new chapter for the company. By moving the Lagankhel branch to this modern facility on Magh 28, HEI is reinforcing its commitment to providing a professional and efficient environment for both its employees and its customers. As the non-life insurance sector in Nepal becomes increasingly competitive, such investments in tangible assets and customer experience are critical for long-term sustainability.
For More: Himalayan Everest Insurance Building
