Shikhar Insurance Leads as Non-Life Insurance Premium Collection in Nepal Hits Record Highs
23rd April 2026, Kathmandu
The non-life insurance sector in Nepal has demonstrated significant financial momentum in the current fiscal year. According to the latest data released by the Nepal Insurance Authority (NIA), non-life insurance companies have collectively gathered NPR 36.58 billion (NPR 36,58,20,14,000) in total insurance premiums as of the end of Chaitra (mid-April 2026).
Shikhar Leads Non-Life Insurance Premium
This growth reflects an increasing awareness of risk management among Nepalese businesses and individuals, alongside the expansion of digital insurance services across the country.
Market Leaders: Top 3 Performers
The data highlights a competitive landscape, with a few key players commanding a significant portion of the market share:
Shikhar Insurance Company: Maintaining its dominant position, Shikhar Insurance emerged as the market leader by collecting NPR 4.80 billion in total premiums during the review period.
Sagarmatha Lumbini Insurance (SALICO): Securing the second spot, the company successfully collected NPR 3.83 billion.
Himalayan Everest Insurance: Ranking third, the company gathered NPR 3.74 billion in total insurance premiums.
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Company-Wise Premium Collection (Full List)
The following table provides a detailed breakdown of the business volume generated by various non-life insurance companies in Nepal during the third quarter of the fiscal year:
| S.N. | Insurance Company Name | Premium Collected (NPR) |
| 1 | Shikhar Insurance | 4.80 Billion |
| 2 | Sagarmatha Lumbini Insurance | 3.83 Billion |
| 3 | Himalayan Everest Insurance | 3.74 Billion |
| 4 | IGW Prudential Insurance | 3.39 Billion |
| 5 | Siddhartha Premier Insurance | 3.32 Billion |
| 6 | Neco Insurance | 2.87 Billion |
| 7 | United Ajod Insurance | 2.15 Billion |
| 8 | Sanima GIC Insurance | 2.05 Billion |
| 9 | Oriental Insurance | 1.81 Billion |
| 10 | National Insurance | 1.41 Billion |
(Note: Data based on the official report released by the Nepal Insurance Authority for the period ending Chaitra 2082/83).
Strategic Analysis of the Insurance Sector
The collection of over NPR 36 billion signifies a stabilizing insurance market following several high-profile mergers in the industry.
The consolidation of companies has led to larger capital bases, allowing these firms to take on higher risks and offer more diverse products, particularly in the motor, property, and engineering sectors.
Furthermore, the Nepal Insurance Authority has been pushing for stricter compliance and digital integration, which has helped streamline premium collection processes and enhanced transparency in reporting.
For more: Shikhar Leads Non-Life Insurance Premium
