Non-Life Insurance Companies Collect Rs. 32.12 Arba in Premium Income in 9 Months

May 5, 2025 | Investopaper

As of Chaitra’s end 2081 BS, there are 14 non-life or general insurance companies and 4 micro-non life insurance companies operating in Nepal. In the first 9 months (Shrawan-Falgun) of the current fiscal year 2081/82, the 14 non-life insurance companies have collected a total premium of Rs 32.12 Arba. The non-life insurance companies have earned the insurance premium by insuring motor, fire, aviation, marine, agricultural and crop, engineering etc.

Shikhar Insurance has the highest premium collection of Rs. 434.58 crores in the 9 months period while National Insurance has the lowest premium income of Rs. 87.95 crores.

The table below presents the premium collection by the general insurance companies in the first nine months (Shrawan-Chaitra) of the current fiscal year 2081/82.

Premium Collection By Non-Life Insurance Companies- FY 2081/82

S.N Non-Life Insurance Companies In Nepal Premium Collection In Chaitra (In Rs. Crores) Total Premium Collection (In Rs. Crores)
1 Shikhar Insurance Company Limited 33.19 434.58
2 Sagarmatha Lumbini Insurance Limited 41.5 373.94
3 Siddhartha Premier Insurance Company Limited 35.19 310.58
4 Himalayan Everest Insurance Limited 57.5 278.55
5 IGI Prudential Insurance Company Limited 35.89 273.49
6 Neco Insurance Company Limited 27.7 247.18
7 The Oriental Insurance Company Limited 45.11 215.46
8 NLG Insurance Company Limited 27.54 213.45
9 Sanima GIC Insurance Company Limited 35.09 192.19
10 United Ajod Insurance Company Limited 25.63 185.49
11 Nepal Insurance Company Limited 15.64 155.88
12 Prabhu Insurance Company Limited 14.79 130.94
13 Rastriya Beema Company Limited 3.88 113.26
14 National Insurance Company Limited 11.48 87.95
Total  410.11 3212.99

Source: Nepal Insurance Authority

Premium Collection: Micro Insurance Companies
S.N Micro Insurance Companies In Nepal Premium Collection In 9 Months (In Rs. Crores)
1 Nepal Microinsurance Company Ltd. 19.36
2 Protective Microinsurance Company Limited 17.57
3 Star Microinsurance Company Limited 16.32
4 Trust Microinsurance Company Limited 15.4
Total 68.67

Source: Nepal Insurance Authority


Premium Collection By Non-Life Insurance Companies- FY 2080/81

S.N Non-Life Insurance Companies In Nepal Premium Collection In Ashad (In Rs. Crores) Total Premium Collection (In Rs. Crores)
1 Shikhar Insurance Company Limited 57.37 547.03
2 Sagarmatha Lumbini Insurance Limited 49.44 478.81
3 Siddhartha Premier Insurance Company Limited 50.86 417.71
4 Himalayan Everest Insurance Limited 48.72 372.29
5 IGI Prudential Insurance Company Limited 43.72 365.05
6 Neco Insurance Company Limited 25.73 314.1
7 United Ajod Insurance Company Limited 34.02 272.72
8 NLG Insurance Company Limited 29.18 255.27
9 Sanima GIC Insurance Company Limited 40.17 261.85
10 The Oriental Insurance Company Limited 40.63 216.14
11 Prabhu Insurance Company Limited 21.32 177.79
12 Rastriya Beema Company Limited 6.26 159.4
13 Nepal Insurance Company Limited 18.81 159.03
14 National Insurance Company Limited 17.92 119.87
Total  484.13 4117.13

Source: Nepal Insurance Authority

Premium Collection: Micro Insurance Companies
S.N Micro Insurance Companies In Nepal Premium Collection In Ashad (In Rs. Crores) Total Premium Collection (In Rs. Crores)
1 Nepal Microinsurance Company Ltd. 1.47 10.31
2 Protective Microinsurance Company Limited 1.51 9
3 Star Microinsurance Company Limited 1.5 6.87
4 Trust Microinsurance Company Limited 1.06 3.27
Total 5.56 29.48

Source: Nepal Insurance Authority


Premium Collection By Non-Life Insurance Companies- FY 2079/80

Premium Collection (In Rs. Crores)

S.N Non-Life Insurance Companies In Nepal Total Premium Collection (In Rs. Crores) Market Share (In %)
1 Shikhar Insurance Company Limited 531.61 13.22
2 Sagarmatha Lumbini Insurance Limited 458.2 11.39
3 Siddhartha Premier Insurance Company Limited 442.68 11.01
4 United Ajod Insurance Company Limited 341.9 8.50
5 IGI Prudential Insurance Company Limited 338.77 8.42
6 Himalayan Everest Insurance Limited 335.4 8.34
7 Neco Insurance Company Limited 292.24 7.27
8 NLG Insurance Company Limited 240.54 5.98
9 Sanima GIC Insurance Company Limited 232.44 5.78
10 Rastriya Beema Company Limited 231.07 5.75
11 Prabhu Insurance Company Limited 165.87 4.12
12 Nepal Insurance Company Limited 158.58 3.94
13 The Oriental Insurance Company Limited 149.94 3.73
14 National Insurance Company Limited 101.89 2.53
Total  4,021.21 100.00

Source: Nepal Insurance Authority


Premium Collection By Non-Life Insurance Companies- FY 2078/79

Premium Collection In ‘Rs. Crores’

S.N Non-Life Insurance Companies In Nepal Total Premium Collection (In Rs. Crores) Market Share (In %)
1 Shikhar Insurance Company Limited 500.92 12.79
2 Sagarmatha Insurance Company Limited 310.63 7.93
3 Neco Insurance Company Limited 285.38 7.29
4 Rastriya Beema Company Limited 264.71 6.76
5 Siddhartha Insurance Company Limited 261.52 6.68
6 NLG Insurance Company Limited 237.1 6.05
7 Premier Insurance Company Limited 214.31 5.47
8 Himalayan General Insurance Company Limited 206.15 5.26
9 IME General Insurance Company Limited 177.08 4.52
10 Ajod Insurance Company Limited 166.83 4.26
11 Lumbini General Insurance Company Limited 158.43 4.04
12 Nepal Insurance Company Limited 158 4.03
13 United Insurance Company Limited 154.88 3.95
14 The Oriental Insurance Company Limited 144.18 3.68
15 Prabhu Insurance Company Limited 135.74 3.47
16 Prudential Insurance Company Limited 133.53 3.41
17 Everest Insurance Company Limited 122.3 3.12
18 Sanima General Insurance Company Limited 104.42 2.67
19 National Insurance Company Limited 90.66 2.31
20 General Insurance Company Limited 90.12 2.30
Total  3916.89 100.00

Source: Nepal Insurance Authority


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Premium Collection By Non-Life Insurance Companies In FY 2077/78

 

Total Premium Collection (In Rs. ‘Arba’)

S.N Non-Life Insurance Companies In Nepal FY 2077/78 FY 2076/77 Percent Change
1 Shikhar Insurance Company Limited 3.97 3.52 12.78
2 Sagarmatha Insurance Company Limited 2.61 2.19 21.00
3 Neco Insurance Company Limited 2.41 2.07 16.43
4 Siddhartha Insurance Company Limited 2.32 1.96 18.37
5 NLG Insurance Company Limited 2.08 1.73 20.23
6 Premier Insurance Company Limited 1.90 1.64 15.85
7 IME General Insurance Company Limited 1.52 1.36 11.76
8 Lumbini General Insurance Company Limited 1.36 1.21 12.40
9 Prabhu Insurance Company Limited 1.35 1.55 -12.90
10 Himalayan General Insurance Company Limited 1.30 1.37 -5.11
11 Prudential Insurance Company Limited 1.28 1.03 24.27
12 Nepal Insurance Company Limited 1.27 1.16 9.48
13 Ajod Insurance Company Limited 1.27 0.86 47.67
14 Oriental Insurance Company Limited 1.16 1.01 14.85
15 United Insurance Company Limited 1.05 0.66 59.09
16 Everest Insurance Company Limited 1.01 0.9 12.22
17 National Insurance Company Limited 0.87 0.76 14.47
18 General Insurance Company Limited 0.65 0.54 20.37
19 Sanima General Insurance Company Limited 0.65 0.35 85.71
Total 30.07 25.87 16.24

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