Non-Life Insurers Generate Rs 15.55 Billion in Premiums in First Quarter; Company-Wise Breakdown

Kathmandu — Fourteen non-life insurance companies collected a total of Rs 15.55 billion in gross premiums during the first quarter of the current fiscal year, covering mid-July to mid-October (Shrawan to Ashoj). The insurers issued a combined 836,074 insurance policies during the period.

According to data published by the Nepal Insurance Authority, Shikhar Insurance ranked second with Rs 1.79 billion in gross premiums, while Himalayan Everest Insurance ranked third with Rs 1.61 billion. NLG Insurance secured fourth place with Rs 1.49 billion. SALICO led the market with the highest premium collection of Rs 1.84 billion.

Similarly, IGI Prudential Insurance collected Rs 1.33 billion, Siddhartha Premier Insurance Rs 1.32 billion, and Neco Insurance Rs 1.16 billion. These seven companies each crossed the Rs 1 billion mark in gross premium income.

The remaining companies also reported substantial premium collections. The Oriental Insurance collected Rs 982.40 million, United Ajod Insurance Rs 962.00 million, Nepal Insurance Company Rs 824.10 million, Sanima GIC Insurance Rs 718.30 million, Prabhu Insurance Rs 532.80 million, Rastriya Beema Company Rs 507.40 million, and National Insurance Rs 478.80 million.