In three Months, non-Life Insurance Companies did more than 3 Billion in Business, with Everest, Shikhar and Siddharth Leading the way

Kathmandu : Non-life insurance companies have collected a premium amount of more than 3 billion in the month of October of the current financial year. According to the data of the Nepal Insurance Authority, the currently operating non-life insurance companies have collected premiums worth 3.36 billion rupees in the first quarter of the current financial year.

According to the monthly data published by the Authority, it has been seen that Sagarmatha Insurance Company has collected the most premiums during this quarter. The company has managed to collect 400 million rupees in premiums in the month of October.The second is Shikhar Insurance Company. The company has managed to collect premiums of 378 million rupees in the month of October. Siddharth Insurance is in the third place. The company has managed to collect premiums of Rs.33 crore 13 lakh in the month of October.

According to the authority’s data, Neco Insurance Company has managed to earn 313.9 million rupees, IGI Prudential 311.5 million rupees, Himalayan Everest 24 million rupees and United Azod Insurance has managed to earn a total of 248.88 million rupees.

Similarly, NLG Insurance Company Rs.246.5 million, Sanima GIC Rs.225 million, The Oriental Rs.196 million, Prabhu Insurance Rs.155 million, Nepal Insurance Rs.139 million, National Insurance Rs.7 million and National Insurance Company Rs.150 million. They managed to earn a total insurance fee of Rs.4 crores.