February 16, 2021 | Investopaper
Paid-up capital is the fund provided by the shareholders into the company since the establishment. It includes the initial amount collected from the shareholders plus additional capital injected through right/ bonus shares or FPO as the company moves forward. Higher the capital, the greater the financial strength of the company. In times of economic difficulty, companies with huge capital tend to survive than companies with low capital.
At current, there are 20 non-life (general) insurance companies operating in Nepal. The non-life insurance companies should have the minimum paid-up capital of Rs 100 crores, as per the direction of Nepal Insurance Board (Beema Samiti). All companies except Rastriya Beema Company have met the minimum capital requirement.
The table below presents the list of general (non-life) insurance companies operating in Nepal along with their respective paid-up capital.
Paid Up Capital Of General (Non-Life) Insurance Companies In Nepal
|S.N||Non-Life Insurance Companies In Nepal||Paid-Up Capital (Rs In Crores)|
|1||Shikhar Insurance Company Limited||137.45|
|2||Neco Insurance Company Limited||131.74|
|3||Nepal Insurance Company Limited||115.03|
|4||Lumbini General Insurance Company Limited||114.18|
|5||NLG Insurance Company Limited||109.63|
|6||Everest Insurance Company Limited||109.59|
|7||IME General Insurance Company Limited||108.18|
|8||Premier Insurance Company Limited||107.45|
|9||Himalayan General Insurance Company Limited||106.82|
|10||Prabhu Insurance Company Limited||105.62|
|11||United Insurance Company Limited||102.81|
|12||Prudential Insurance Company Limited||102.64|
|13||Sagarmatha Insurance Company Limited||100.12|
|14||Ajod Insurance Company Limited||100|
|15||General Insurance Company Limited||100|
|16||Sanima General Insurance Company Limited||100|
|17||Siddhartha Insurance Company Limited||100|
|18||Rastriya Beema Company||26.66|
|19||National Insurance Company Limited||–|
|20||Oriental Insurance Company Limited||–|
Source: Unaudited Second Quarterly Report, FY 2077/78
Note: National Insurance and Oriental Insurance are the branches of foreign insurance companies. Hence, they have no capital.
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