# Practical Insurance > Licensed general insurance carrier in Mongolia offering online quote\-to\-bind for auto, travel, and property coverage\. ## At a glance | Field | Value | | --- | --- | | Category | Distribution & Sales | | Type | Carrier | | Region | APAC | | Headquarters | Ulaanbaatar, Mongolia | | Founded | 2003 | | Stage | Established | | Employees | 51-200 | ## Overview Practical Insurance LLC (Практикал Даатгал ХХК) is a direct-to-consumer and commercial general insurance carrier licensed in Mongolia, selling auto, travel, property, and health coverage nationwide through a branch network and online channels. The company operates a self-service website with per-product price calculators and a phone-number-verified online purchase flow that connects to a live backend API at online.practical.mn, rather than routing quotes through a contact form. It also publishes a companion iOS app, Practical mn, for buying heavy-machinery coverage and managing family members' policies and claims. Practical Insurance introduced Mongolia's first online insurance services in 2008 and holds ISO 9001:2008 certification for quality management, which the company states was a first among Mongolian financial institutions. It advertises a 13-day claims-reimbursement timeline. Practical Insurance was established in 2003 with 100% domestic Mongolian investment and remains privately held; no external funding rounds have been identified. The carrier operates branches in 20-21 of Mongolia's provinces, employs about 99 staff supported by roughly 555 field representatives, and reports serving more than 285,000 customers, with commercial clients concentrated in mining, heavy production, energy, and construction. ## Products & services ### Auto & Driver Liability Insurance Comprehensive and driver-liability motor coverage with an online price calculator and a phone-verified digital purchase flow. ### Heavy Machinery Insurance Coverage for construction and mining equipment, purchasable directly through the Practical mn mobile app. ### Travel Insurance Domestic and international travel accident coverage, including reimbursement for medical expenses incurred while traveling abroad. ### Personal & Child Accident Insurance Individual and child-focused accident coverage, including a bundled family-package option. ### Health Insurance \(Enkh\-Iredui\) Medical expense coverage for sudden accidents, illness, and chronic disease, sold to both individuals and corporate groups. ### Property Insurance Coverage for fire, natural disaster, and water damage to residential and commercial property, with restoration, replacement, or cash-settlement options. ### Commercial & Corporate Risk Products Coverage tailored to mining, heavy production, energy, and construction clients, along with credit-risk, electronics, personal-liability, financial, combined health-and-life, and journalist insurance. ## Category & focus - Insurance verticals: P&C Personal, P&C Commercial, Health - Target customers: Consumers, Employers ## Notable customers - M\-CS Group \(МСС Групп\) \- group health insurance for employees *285,000\+ customers across branches in 20\-21 Mongolian provinces* ## Links - Website: - Directory profile: - Press: - Facebook: - Mobile app \(ios\): --- *Last updated: 2026\-08\-08*