Premium Income of Non-life Insurance Industry up by 28 percent

Kathmandu: Non-life insurance companies have earned Rs. 9.69 billion insurance premium during the first quarter of the current fiscal year 2078/79. Compared to the same period of the last fiscal year, non-life insurance companies have managed to increase their premium income by 27.88 percent. It was Rs. 7.58 billion in the corresponding period of the previous year.

In a period of three months, Shikhar Insurance Company has earned Rs. 1 billion insurance premiums. In the first quarter, Shikhar has succeeded enterting into the billionaire club. Sagarmatha Insurance, which is in the second place, has earned Rs.906.7 million in insurance premiums. The company has earned Rs. 328.7 million in one month of Asoj alone.

NECO Insurance remaind at 3rd position in terms of premium income. It has earned Rs. 812.1 million during first quarter. In one month of Asoj alone, NECO Insurance has earned Rs. 294.4 million. Siddhartha Insurance, ranked fourth, has earned Rs. 699.5 million.

General Insurance has earned the lowest premium of Rs.223.7 million during this period. Among the new companies, Ajod Insurance has earned Rs. 414.9 million.

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