Shikhar Insurance Marks 21st Anniversary, 30 Employees Awarded Silver Coins
20th November 2025, Kathmandu
Shikhar Insurance Company Limited has marked its 21st anniversary with a celebratory and socially responsible program that underscored its commitment to its employees, the community, and technological advancement in the insurance sector.
Shikhar Insurance 21st Anniversary
Established on November 17, 2004, the company began its journey with a paid-up capital of only 100 million rupees, which has now grown exponentially.
Recognition of Employee Dedication
A central part of the anniversary celebration was the formal recognition of long-serving employees, reinforcing the company’s appreciation for sustained dedication and hard work.
Gold Coin Recipients: Eleven employees who completed 20 years of service with the company were specially honored with gold coins. This recognition highlights the company’s ability to retain talent and reward foundational contributions.
Silver Coin Recipients: A total of 30 employees who achieved 10 years of service were presented with silver coins along with certificates. These awards were stated to be a token of appreciation for the significant dedication and sustained effort shown by the employees over a decade.
This annual tradition of honoring long-serving staff fosters a culture of loyalty and motivation within the organization.
Financial Strength and Compliance Leadership
Shikhar Insurance maintains one of the strongest financial positions among Nepal’s general insurance companies, and it has consistently led the market in terms of regulatory compliance and adoption of international standards.
Capital Growth: The company’s paid-up capital has grown dramatically from its initial 100 million rupees to a substantial 2.65 billion rupees as of the latest reporting.
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Net Worth Position: Shikhar Insurance boasts a net worth exceeding 7.65 billion rupees, positioning it among the highest-net-worth general insurance companies promoted by the private sector in Nepal. This robust capital base provides a strong foundation for future underwriting capacity and stability.
Pioneering NFRS-17 Adoption: In a major leap towards global financial transparency, Shikhar Insurance became the first insurance company in Nepal to publish its first-quarter financial statement of FY 2082/83 under the Nepal Financial Reporting Standard (NFRS-17). This international standard, which focuses on insurance contracts, significantly enhances the comparability and clarity of financial reports, demonstrating the company’s commitment to compliance and good governance as directed by the Nepal Insurance Authority.
Commitment to Community and Innovation
The anniversary was also an occasion to reaffirm Shikhar Insurance’s dedication to Corporate Social Responsibility (CSR) and its pioneering role in product innovation.
CSR and Blood Donation: As a social initiative coinciding with the anniversary, the company organized blood donation campaigns across the country. This nationwide effort was highly successful, collecting a total of 1,439 units of blood, a vital contribution to community healthcare and social welfare.
Geographical Expansion: To improve insurance access, particularly in underserved regions, the company operates an extensive network of 112 branch offices. This network successfully extends insurance services even to remote and mountainous districts, including Jumla, Humla, Kalikot, Mugu, Mustang, Bajhang, Dailekh, Dolpa, Taplejung, and Sankhuwasabha, demonstrating a commitment to broad national financial inclusion.
Agricultural Innovation: Shikhar Insurance is recognized as a market leader in developing specialized, context-specific insurance products. The company was the first to pioneer weather-based apple insurance in Himalayan regions, providing crucial risk mitigation support to high-altitude farmers. Similarly, its banana insurance initiative in Chitwan is widely cited as a model agricultural insurance program for the country.
Looking ahead, the company has expressed a firm commitment to further strengthening technology-friendly services, continuously enhancing the overall customer experience, and expanding its initiatives under corporate social responsibility. It aims to remain at the forefront of the industry by providing reliable, innovative, and high-quality insurance services in the coming days.
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