Non Life Insurance Company's business exceeds 30 billion: Shikhar is the first, followed by Sagarmatha Lumbini and Siddharth Premier

Apr Fri 2023 02:34:47

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Non Life Insurance Company's business exceeds 30 billion: Shikhar is the first, followed by Sagarmatha Lumbini and Siddharth Premier

Kathmandu. Non-life insurance companies have earned more than 30 billion insurance fees in the ninth month. The operating non-life insurance companies have collected insurance fees of 30 billion 1 crore 48 lakh rupees till the end of March of the current financial year 2079/80.

By the end of March, companies have sold 21 lakh 66 thousand 328 insurance policies and collected the equivalent insurance fee. In the month of March alone, the companies have collected 4 billion 14 billion 1.5 million rupees in insurance fees. Companies have sold 289 thousand 883 insurance policies in the month of March.

According to Nepal Insurance Authority, Shikhar Insurance has collected the most. During the period under review, the company has collected insurance fees of 4 billion 154 million rupees. Sagarmatha Lumbini Insurance, which is in second place, has earned 3.48 billion 1.3 million rupees in insurance fees. On the other hand, Siddharth Premier has collected insurance fee of 3.35 billion 2.5 million rupees.

Similarly, Himalayan Everest and Neco Insurance have collected insurance fees of 2.29 billion 49 million and 2.26 billion 31 million rupees respectively.

During the period under review, National Insurance Company earned Rs 1.995 crore, NLG Rs 1.812 crore, Sanima GIC Rs 1.65 crore 46 lakh, Azod Rs 1.44 crore 32 lakh, IME General Rs 1.42 crore 22 lakh. Similarly, Prabhu Insurance earned 1.15 billion 49 lakhs, Nepal Insurance 1.15 billion rupees, Oriental 1.73 billion rupees and Prudential Insurance 1.4 billion 51 million rupees.

National and United Insurance have seen the lowest insurance charges during the review period. Both these companies earned insurance fees of Rs 763.2 million and Rs. 9532 million respectively till the end of March.