Non-Life Insurers earn Rs. 2.84 billion Total Premium in Mangsir 2078

Kathmandu: The non-life insurance industry has earned a total premium of Rs.15.42 billion within first five months of current fiscal year. According to the data availed by the Insurance Board(IB), as of mid-December 2021, the 20 non-life insurers have earned Rs.2.84 billion in mid-November to mid-December(Mangsir 2078) alone.

According to the data, Shikhar Insurance Company has earned the highest total premium of Rs 1.67 billion by mid-December( from mid-July to mid-December 2021). Sagarmatha Insurance Company reached to second position during the evaluation period. The company has earned Rs 1.45 billion during first 5 months of current FY 2078/79 as per Nepali Calendar. NECO Insurance Company is in third position with Rs. 1.30 billion total premiums income.

According to the IB, Siddhartha Insurance Company has earned a total premium of Rs 1.113 billion while NLG Insurance Company has generated over Rs. 1 billion in total insurance premiums. Similarly, Premier Insurance Rs. 916.4 million, United Insurance Company Rs. 734.3 million, Himalayan General Insurance Company Rs. 702.1 million total premium income. While the total premium income of Azod Insurance Company Rs. 664.2 million, IME General Insurance Company Rs 654.2 million and Nepal Insurance Company Rs. 635 million only. Prabhu Insurance Company has earned total premium of Rs. 626 million.

Lumbini General Insurance Company collected Rs. 614.2 million, Oriental Insurance Company Rs. 572.3 million, Rastriya Bima Company Rs. 552.8 million and Prudential Insurance Company Rs. 528.6 million. Everest Insurance Rs 512.5 million. General Insurance Company earned Rs 392.3 million, National Insurance Company earned Rs 388.4 million and Sanima General Insurance Company earned Rs 374.1 million.

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