Himal Press 
KATHMANDU: Non-life insurance companies collected more than Rs 15.5 billion in insurance premiums during the first quarter of the current fiscal year 2026/27.
According to the insurance business data released by the Nepal Insurance Authority (NIA) on Friday, 14 non-life insurers issued 836,074 insurance policies. They collected a total of Rs 15.54 billion in premiums between mid-July and mid-October of the current fiscal year.
This marks a growth of 22.82% in premium collection compared to the same quarter of the previous fiscal year. In the first quarter of 2025/26, these companies had issued 688,982 policies and collected Rs12.65 billion in premiums.
All non-life insurers recorded growth in their business during the review quarter. Sagarmatha Lumbini Insurance topped the list in terms of total premium collection, while NLG Insurance recorded the highest growth rate.
NIA data show Sagarmatha Lumbini Insurance collected Rs 1.83 billion in premiums during the review period, up 22.50% from Rs 1.49 billion in the same period last year.
Shikhar Insurance came second, collecting Rs 1.79 billion in premiums by mid-October, compared to Rs 1.38 billion in the corresponding period in the previous fiscal year. The company’s premium collection increased by 29.54%.
Himalayan Everest Insurance ranked third, with a 34.54% growth in premium collection to Rs 1.60 billion. In the same quarter of the previous fiscal year, the company had collected Rs 1.19 billion.
Compared to the same period last year, NLG Insurance recorded the highest growth among non-life insurance companies at 45.46% to Rs 1.49 billion. IGI Prudential Insurance posted a 34.29% increase to Rs 1.33 billion, followed by Neco Insurance at 24.75% to Rs 1.15 billion, Oriental Insurance at 24.60% to Rs 982.4 million and Siddhartha Premier Insurance at 7.77% to Rs 982.4 million.
Meanwhile, United Ajod Insurance collected Rs 962 million in premiums, Nepal Insurance Rs 824.1 million, Sanima GIC Insurance Rs 718.3 million, Prabhu Insurance Rs 532.8 million and Rastriya Beema Company Rs 507.4 million
National Insurance recorded the lowest insurance collection at Rs 478.8 million in the review quarter.
Meanwhile, four micro non-life insurance companies recorded a combined premium collection of Rs 243.13 million. They issued a total of 79,643 policies in the review quarter.
