Non-Life Insurance Collect Rs 25.87 Billion In Premium In FY 2076/77
July 22, 2020 | Investopaper
In the last fiscal year 2076/77, the non-life insurance companies have generated Rs 25.87 billion in premium income. The premium amount belongs to non-life insurance companies other than the government-owned Rastriya Beema Company. Thus, until the Ashad end, 2077, 19 out of 20 non-life insurance companies have earned such premium income.
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The non-life insurance companies have collected the insurance premium by insuring motor, fire, aviation, marine, agricultural and crop, engineering etc. 13 non-life insurance companies have collected more than Rs 1 billion in insurance premiums in the same period.
Premium Collection By Non-Life Insurance In Nepal
Shikhar Insurance Company has earned the most and Sanima General Insurance has earned the least premium until the Ashad end of the last fiscal year. Shikhar Insurance Company has earned Rs 3.52 billion in insurance premiums in a period of one year.
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Similarly, Sagarmatha Insurance has collected about Rs 2.19 billion in premium. Neco Insurance Company has earned the third highest premium with Rs 2.07 billion in premiums.
Siddhartha Insurance, which is in the fourth place, has earned Rs 1.96 billion in insurance premiums. In the same period, NLG Insurance earned Rs 1.73 billion and is in the fifth position. Similarly, Premier Insurance has earned Rs 1.64 billion while Prabhu Insurance has earned Rs 1.55 billion.
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Likewise, Himalayan General Insurance has the premium collection of Rs 1.37 billion. IME General Insurance, which is in the ninth position, has earned Rs 1.36 billion as premium income. Lumbini General Insurance Insurance is in the tenth position with Rs 1.21 billion premium.
Similarly, Nepal Insurance collected Rs 1.16 billion, Prudential Insurance Rs 1.03 billion and Oriental Insurance Rs 1.01 billion in the same period.
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Everest Insurance earned the premium of Rs 900 million, Ajod Insurance Rs 860 million, National Insurance Company Rs 760 million, United Insurance Rs 660 million, General Insurance Rs 540 million and Sanima Insurance Rs 350 million as the total premium.
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Premium Collection Of Non Life Insurance Companies In Nepal
| S.N | Non-Life Insurance Companies In Nepal | Total Premium Collection (In Rs. ‘Billion’) |
| 1 | Shikhar Insurance Company Limited | 3.52 |
| 2 | Sagarmatha Insurance Company Limited | 2.19 |
| 3 | Neco Insurance Company Limited | 2.07 |
| 4 | Siddhartha Insurance Company Limited | 1.96 |
| 5 | NLG Insurance Company Limited | 1.73 |
| 6 | Premier Insurance Company Limited | 1.64 |
| 7 | Prabhu Insurance Company Limited | 1.55 |
| 8 | Himalayan General Insurance Company Limited | 1.37 |
| 9 | IME General Insurance Company Limited | 1.36 |
| 10 | Lumbini General Insurance Company Limited | 1.21 |
| 11 | Nepal Insurance Company Limited | 1.16 |
| 12 | Prudential Insurance Company Limited | 1.03 |
| 13 | Oriental Insurance Company Limited | 1.01 |
| 14 | Everest Insurance Company Limited | 0.9 |
| 15 | Ajod Insurance Company Limited | 0.86 |
| 16 | National Insurance Company Limited | 0.76 |
| 17 | United Insurance Company Limited | 0.66 |
| 18 | General Insurance Company Limited | 0.54 |
| 19 | Sanima General Insurance Company Limited | 0.35 |
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