Kathmandu. Shikhar Insurance Company Limited has achieved a historic milestone in the non-life insurance sector of Nepal by earning a total premium of NPR 6 billion in the current fiscal year 2082/83.

According to the company, the current achievement is reflected in the expansion of insurance sector in Nepal, increase insurance penetration and strengthen the financial risk management capacity of the nation.

The insurance company has been providing its services through 131 offices spread across 73 districts of the country since its establishment. The company has been playing a significant role in increasing insurance penetration and financial inclusion.

The company’s success is attributed to strong financial position, competent management, professional human resources, high-level reinsurance system, fast and transparent claim payment system, technology-friendly service, customer-centric work culture, corporate good governance, effective risk management system and internationally recognized management practices.

The Company would like to express its sincere gratitude to all stakeholders including customers, agents, surveyors, reinsurers, shareholders, regulators, banks & financial institutions, and employees for their support and confidence in this achievement.

The company believes that it will continue to play a leading role in the development of insurance sector in Nepal in the days ahead, maintaining its commitment towards innovation, excellent service, good governance and business excellence.