Sagarmatha Lumbini Insurance Achieves Record Rs 5 Billion in Premium Collection

Kathmandu — Sagarmatha Lumbini Insurance Company Limited (Salico) has marked a historic milestone by earning over Rs 5 billion in insurance premiums in the fiscal year 2081/82, positioning itself among the top-performing companies in Nepal’s insurance sector.

According to company data, Salico collected a total premium income of Rs 5 billion, reflecting a notable 32% growth compared to the Rs 3.76 billion it earned in the previous fiscal year 2080/81. This marks the highest premium income in the company’s history since its establishment.

The company credits this remarkable achievement to its strategic business approach, sound operational policies, and the dedicated efforts of its workforce. “This success is a result of our effective business strategy and the outstanding 100 percent performance of our capable employees,” the company stated in an official release.

To commemorate the accomplishment, Sagarmatha Lumbini Insurance organized a grand celebration involving its employees and stakeholders. Speaking at the event, Chief Executive Officer Chunki Chhetri extended heartfelt gratitude to all staff members, valued clients, and business partners for their continued trust and support.

“This achievement is not only a reflection of our company’s resilience and commitment to excellence but also a motivation to keep setting higher benchmarks in Nepal’s insurance landscape,” said CEO Chhetri.

The company’s strong performance underscores the growing confidence of the Nepali public in formal insurance services and highlights Salico’s expanding footprint in the competitive insurance market.