Kathmandu. Non-life insurers in the current fiscal year 2082. In the first month of July 2018, he has been able to do business of more than Rs 4.25 billion.
As many as 14 non-life insurers issued 215,285 insurance policies and earned a total insurance premium of Rs 4.31 billion in the review year released by the Nepal Insurance Authority (NEA) today. The previous year 2081. The companies had earned a total insurance premium of Rs 4.26 billion in July 2018. Compared to the previous year, the business of companies increased by 1.37 percent in the review period.
During the review period, the business of 10 insurers has increased while the business of 4 insurers has decreased. Sagarmatha Lumbini Insurance has brought the most business while Oriental Insurance is ahead in terms of business growth.
Sagarmatha Lumbini Insurance has earned Rs 455.4 million in insurance premium in the current fiscal year. The company had earned Rs 631.5 million in insurance premium in july last year. Compared to the previous year, the company’s business declined by 27.89 percent in the review year.
Siddhartha Premier Insurance is the second largest importer of business. The company has earned a total insurance premium of Rs 417.9 million in the current fiscal year. The company had earned Rs 453.2 million in insurance premium in july last year. Compared to the previous year, the company’s business declined by 7.79 percent in the review period.
Shikhar Insurance has become the third largest trading company. During the review period, the company earned a total insurance premium of Rs 415.5 million. In the same period last year, the company had earned a total insurance premium of Rs 368.8 million. Compared to the previous year, the company’s business increased by 12.76 percent in the review period.
Similarly, Oriental Insurance earned Rs 413.7 million, Himalayan Everest Insurance Rs 365.2 million, NLG Insurance Rs 344.1 million, IGI Prudential Insurance Rs 338.1 million, Neco Insurance Rs 320.1 million and United Ajod Insurance Rs 297.6 million. Oriental Insurance has increased by 42.15 percent, Himalayan Everest Insurance by 12.01 percent, NLG Insurance by 37.76 percent, IGI Prudential Insurance by 10.44 percent, Neco Insurance by 0.41 percent and United Ajod Insurance by 16.76 percent in the review period compared to the previous year.
In the current fiscal year, National Insurance earned Rs 230.6 million, Sanima GIC Insurance Rs 223.6 million, Nepal Insurance Rs 207.1 million, National Insurance Company Rs 162.7 million and Prabhu Insurance Rs 127.1 million. Compared to the previous year, the business of National, Sanima GIC and Prabhu Insurance has increased, while nepal insurance and national insurance company have decreased.
