Kathmandu. In the first quarter of the fiscal year 2082/83, the business of non-life insurance companies has increased by 14 percent. During the review period, the companies have collected Rs 3.65 billion in net insurance premiums. In the same period of the previous year, the company had collected a net insurance premium of Rs 3.20 billion.
During the review period, the net insurance premium of three companies decreased as compared to the same period last year. During this period, the net premium of Siddhartha Premier Insurance, National Insurance and Rastriya Beema has decreased.
Himalayan Everest Insurance Company has collected the highest net premium in the review period. The company earned Rs 62.41 crore in net insurance premium during the period. The company’s net premium has increased by 10 percent compared to the previous year.
Sagarmatha Insurance Company is in second place. During the period, the company earned Rs 62.11 crore in net insurance premium. The company’s net insurance premium has increased by 99 percent compared to the same period last year.
During the period, Neco Insurance earned a net insurance premium of Rs 29.54 crores. The company’s net premium increased by 3 percent compared to the same period last year. Shikhar Insurance Company has earned a net insurance premium of Rs 29.07 crore during the review period. The company’s net premium increased by 3 percent compared to the same period last year.
Oriental Insurance Company has earned a net insurance premium of Rs 28.08 crore during the review period. The company’s net premium has increased by 44 percent compared to the same period last year. United Ajod Insurance has earned a net premium of Rs 24.55 crore during the period. The company’s net premium increased by 27 percent compared to the same period last year.
During the review period, IGI Prudential Insurance has earned a net premium of Rs 24.12 crores. The company’s net premium has increased by 7 percent compared to the same period last year. During the review period, Nepal Insurance earned a net insurance premium of Rs 20.79 crores. The company’s net premium has increased by 52 percent compared to the same period last year.
NLG Insurance Company has earned a net premium of Rs 17.57 crore during the period. The company’s net premium has increased by 30 percent compared to the same period last year. Prabhu Insurance has earned a net insurance premium of Rs 12.07 crore during the review period. The company’s net premium increased by 1 percent compared to the same period last year. Sanima GIC Insurance has earned a net insurance premium of Rs 11.19 crore during the review period. The company’s net premium increased by 3.39 percent compared to the same period last year.
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Siddhartha Premier Insurance has earned a net insurance premium of Rs 30.90 crore during this period. The company’s net premium has decreased by 10.98 percent compared to the previous year.
During the period, the insurance company earned Rs 9.14 billion in net insurance premiums. The company’s net profit decreased by 17 percent compared to the previous year.
During the period, the insurance company collected Rs 3.80 billion in net insurance premiums. The company had earned a net insurance premium of Rs 18.77 crore in the same quarter last year. The company’s net premium has decreased by 79 percent compared to the previous year.
