In the first eleven months of the fiscal year 2079/80, non-life insurance companies in Nepal collected an impressive amount of Rs. 36.19 Arba in premiums from 25.37 lakh active insurance policies. According to a report from the Nepal Insurance Authority, Siddhartha Premier Insurance holds the most active policies at 313,602, followed by Sagarmatha Lumbini Insurance with 305,633 policies. On the other hand, National Insurance Co. Ltd has the fewest active policies, with only 30,563 in total.
Highlights:
- Non-Life Insurance Sector in Nepal Achieves Rs. 10.44 Arba Premium in FY 2080/81
- “Non-life Insurers Resume Agro Insurance Sales Until Asar End; Threaten Halt if Subsidy Disbursement Fails”
- Till the eighth month of FY 79/80, life insurance companies collected an impressive premium of Rs. 93.75 Arba.
- The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.
- NEPSE Index Edges Up by 6.90 Points to Close at 2,830.16