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SICL Leads With Record Premium Collection of Rs. 3.71 Arba Till Falgun; How Others Fare in Non-Life Insurance?

Wed, Mar 27, 2024 4:01 PM on Company Analysis, Premium, Latest,

According to a report released by the Nepal Insurance Authority, during the first eight months of the fiscal year 2080–81, the non-life insurance firms collected a total of Rs. 26.16 Arba in premiums out of their 1,916,666 total active insurance policies.

The largest premium was collected by Shikhar Insurance Company Limited totaling Rs. 3.71 Arba with the highest number of insurance policies of 208,245. Similar to this, Sagarmatha Lumbini Insurance Co Ltd which has 196,565 insurance policies, received a premium of Rs. 3.04 Arba for its insurance up to Falgun in FY 2080/81.

On the other hand, the National Insurance Company Ltd generated the least amount of premium i.e. Rs. 76.13 Crores, owing to its 23,435 active insurance policies.