Livestock depredation, the main driver of human-snow leopard conflict, has been one of the central threats to snow leopards’ conservation across their range in the Asian high mountains (Chetri et al., 2019). Livestock depredation poses a significant economic burden on pastoral communities (sometimes as high as half of their annual income) (Mishra, 1997). Consequently, it provokes livestock owners to retaliate against snow leopards (Oli et al., 1994). Community-managed livestock insurance scheme (LIS) has been promoted as a mitigation measure to support snow leopard conservation. LIS, unlike private insurance, is completely managed by the local community by collecting a premium of livestock for an insurance fund. It not only offset the economic loss of livestock killed but also increases community engagement and active participation in managing the insurance fund. However, there is lack of evidence on the effectiveness of such initiatives. In addition, livestock owners have little to no knowledge about insurance schemes and compensation payment process. Therefore, this project aims to evaluate the effectiveness of LIS and educate herders and livestock owners on the insurance scheme and compensation payment process. The project location is Nyesyang Valley, which lies northeast of Manang district in the Annapurna Conservation Area (ACA), Nepal. We will use household surveys and conservation education to accomplish project objectives.