Shikhar Insurance Company (SICL) Creates A Historic Achievement In Insurance Sector; Collects Rs. 500 Crores Premium For The Fiscal Year 2021/22

The insurance industry in Nepal has seen major growth in the last decade along with an introduction of a huge number of advanced products. This has led to tough competition with a positive and healthy outcome.

Talking about one of such insurance companies in Nepal, Shikhar Insurance Company Limited (SICL) accomplished a historic achievement in the Nepalese Insurance Industry.

According to the data presented by SICL, a total premium of the company as of the Fiscal Year 2021/22, stood at around Rs 501 crore, against Rs 397 crore as of the last fiscal year 2020/21, a growth of 26.19 percent. Likewise, In the year 2004/2005 the company had collected premium worth only Rs. 13 Crores. It is worth mentioning that the organization has come a long way and accomplished a significant milestone.

Also, the company has been consistently declaring bonuses on participating products every year, and the bonus amount for the year 2020 was 27.769%. The present paid-up capital of SICL is 2.28 Arba and the last trading price is Rs. 807.