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Non-Life Insurance Companies Earn More than Rs 36 Billion in Insurance Premium

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Non-Life Insurance Companies Earn More than Rs 36 Billion in Insurance Premium
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KATHMANDU: In the first 11 months of the current fiscal year, non-life insurance companies collected over Rs 36 billion in insurance premium.

According to data published by the Nepal Insurance Authority, 14 insurance companies sold a total of 2,608,792 insurance policies from mid-July to mid-June, earning Rs 36.33 billion in total insurance premium.

Among them, Shikhar Insurance earned the highest amount, collecting Rs 4.89 billion. Sagarmatha Lumbini Insurance is second on the list, earning Rs 4.29 billion. Siddhartha Premier Insurance Company is third, with earnings of Rs 3.66 billion.

Similarly, Himalayan Everest Insurance Company earned Rs 3.23 billion, IGI Prudential Insurance Company earned Rs 3.21 billion, Neco Insurance earned Rs 2.88 billion, United Azod Insurance earned Rs 2.38 billion, and NLG Insurance Company earned Rs 2.26 billion in insurance premium.

Among these companies, National Insurance Company earned the lowest insurance fees, collecting Rs 1.1 billion. Nepal Insurance Company earned Rs 1.40 billion, Rastriya Beema Company earned Rs 1.53 billion, Prabhu Insurance earned Rs 1.56 billion, The Oriental earned Rs 1.75 billion, and Sanima GIC Insurance earned Rs 2.21 billion in insurance premium.

 

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