Insurance companies are competing with each other to increase their premium collection. Through the first five month of the fiscal year 2079/80, non-life insurance companies collected a total premium of Rs 15.97 Arba, out of its 1,147,264 total active insurance policies.
Shikhar Insurance Company Limited collected the highest premium worth Rs. 1.54 Arba. Likewise, Rastriya Beema Company which has 19,892 insurance policies collected a premium worth Rs. 1.34 Arba as its insurance premium till Mangsir of F.Y 2079/70.
As per the report published by Beema Samiti, Neco Insurance Limited, has the highest number of insurance policies which stood at 118,630 till Mangsir.
On the other hand, National Insurance Company is the one that earns the lowest insurance fee. The Insurance company has earned only Rs. 41.36 Crore, out of it's 12,935 number of insurance policies during this period.
Note:- Investors of all insurance companies should understand the quality of insurance policies is important rather than number of insurance policies. Moreover, these policies might include scheme such as foreign employment insurance policy which provides less net premium so some insurance companies do not prefer such policies. Hence, judging an insurance company based only on number of insurance policies would be absurd.