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 tot

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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

Insurer Total active insurance policies

Total Insurance Charges (Amount in Rs. Lakhs)

1 Shikhar Insurance Co Ltd 285,732.00 48,966.89
2 Sagarmatha Lumbini Insurance Co Ltd 262,654.00 42,937.62
3 Siddhartha Premier Insurance Ltd 275,607.00 36,685.93
4 Himalayan Everest Insurance co Ltd 229,640.00 32,357.96
5 IGI Prudential Insurance Company Ltd 214,291.00 32,133.21
6 Neco Insurance Ltd 275,565.00 28,837.84
7 United Ajod Insurance Co Ltd 184,417.00 23,870.12
8 NLG Insurance Co. Ltd 173,614.00 22.609.47
9 Sanima GIC Insurance Ltd 135,271.00 22,168.96
10 The Oriental Insurance Co. Ltd 37,307.00 17,551.76
11 Prabhu Insurance Ltd 112,876.00 15,647.42
12 Rastriya Beema Company Ltd 205,342.00 15,314.91
13 Nepal Insurance Co. Ltd 185,964.00 14.022.32
14 National Insurance Co. Ltd 30,512.00 30,512.00
Total 2,608,792.00

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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