Non-Life Insurance Companies Collected Premium Worth Rs. 31.19 Arba Till Baishakh - FY 78/79

The insurance companies are competing with each other to increase their premium collection. Throughout the first ten months of the fiscal year 2078/79, the non-life insurance companies collected a total premium of Rs 31.19 Arba, out of its 2,348,232 total active insurance policies.

Details of Insurers Doing Non-Life Insurance Business

Shikhar Insurance Company Limited has the highest market composition and leads the position by having Rs. 4.13 Arba as its insurance premium. As of Baishakh, 2079, it had 197,599 active numbers of policyholders. Likewise, National insurance (NATINS) has the least premium of Rs. 74.54 crores only. Notwithstanding the fact that it also has a low number of active insurance policies at 18,996.

Similarly, Sagarmatha Insurance Co. Ltd (SIC) and Neco Insurance Co. Ltd (NIL) both held insurance policies of above 2 lakhs but only received premiums of Rs. 2.59 Arba and Rs. 2.41 Arba, respectively.