General Insurers earn Rs.19.92bn in the first half of current FY

Kathmandu. The Non-life insurance companies have earned a total premium of Rs 19.97 billion in the first six months of the current fiscal year 2078/79. According to data unveiled by the regulatory authority, the 20 non-life insurance companies have earned a total premium of Rs 3.67 billion in Paush 2078( mid-December to mid-January) alone.

By mid-January of current FY, the Shikhar Insurance Company has maintained its position on the top with the total premium income of Rs. 2.43 billion. The Sagarmatha Insurance Company remained at second position with the total premium income of Rs 1.72 billion. At the third position, NECO Insurance Company has earned total premium of Rs. 1.58 billion during the same period.

Similarly, Siddhartha Insurance Company has earned a total premium of Rs 1.32 billion. NLG Insurance Company has managed to collect a total premium of Rs 1.20 billion and Premier Insurance Company Rs 1.10 billion. While, United Insurance Company has collected Rs. 882.1 million, Himalayan General Insurance Company Rs 846.7 million, IME General Insurance Rs 824.7 million, Prabhu Insurance Company Rs 825 million total premium. Nepal Insurance Company has Rs. 797.9 million and Ajod Insurance Company has Rs. Rs 792.1 million, Lumbini General Insurance Company has Rs. 777.2 million total premium income.

According to the IB’s data, Oriental Insurance Company has earned Rs 691.2 million while Prudential Insurance Company’s premium income remained Rs. 679 million. The total premium income of Everest Insurance Company Rs 616.5 million, Rastriya Bima Company Rs. 591.5 million, National Insurance Company Rs 477.8 million, General Insurance Company Rs. Rs 465.5 million and Sanima Insurance Company is Rs 461.1 million.

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