Non-Life Insurance Premiums in Nepal Reach Rs. 36.32 Arba in FY 2080–81: Shikhar Insurance Leads with Rs. 4.89 Arba

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Non-Life Insurance Premiums in Nepal Reach Rs. 36.32 Arba in FY 2080–81: Shikhar Insurance Leads with Rs. 4.89 Arba

A report from the Nepal Insurance Authority shows that in the first eleven months of the fiscal year 2080–81, non-life insurance firms collected a total of Rs. 36.32 Arba in premiums from 2,608,792 active insurance policies.

Details of Non-Life Insurance Premiums in Nepal FY-2080/81 Till Jestha

S.N

InsurerTotal active insurance policies

Total Insurance Charges (Amount in Rs. Lakhs)

1Shikhar Insurance Co Ltd285,732.0048,966.89
2Sagarmatha Lumbini Insurance Co Ltd262,654.0042,937.62
3Siddhartha Premier Insurance Ltd275,607.0036,685.93
4Himalayan Everest Insurance co Ltd229,640.0032,357.96
5IGI Prudential Insurance Company Ltd214,291.0032,133.21
6Neco Insurance Ltd275,565.0028,837.84
7United Ajod Insurance Co Ltd184,417.0023,870.12
8NLG Insurance Co. Ltd173,614.0022.609.47
9Sanima GIC Insurance Ltd135,271.0022,168.96
10The Oriental Insurance Co. Ltd37,307.0017,551.76
11Prabhu Insurance Ltd112,876.0015,647.42
12Rastriya Beema Company Ltd205,342.0015,314.91
13Nepal Insurance Co. Ltd185,964.0014.022.32
14National Insurance Co. Ltd30,512.0030,512.00
Total2,608,792.00

363,299.88

Shikhar Insurance Company Limited collected the largest premium, totaling Rs. 4.89 Arba, with the highest number of policies at 285,732. Similarly, Sagarmatha Lumbini Insurance Co Ltd, with 262,654 policies, received Rs. 4.29 Arba in premiums up to Falgun in FY 2080/81.

In contrast, National Insurance Company Ltd collected the least premium, Rs. 1.01 Arba, from its 30,512 active policies.

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