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Sagarmatha Insurance Company Limited
Bhagwati Marg, Naxal, Kathmandu
Sagarmatha Insurance Company Limited was incorporated in 1996 and is listed as first foreign joint venture company of Nepal in General Insurance Industry. Its joint venture partner, Ceylinco Insurance PLC is a leading insurance company in Sri Lanka holding 20% equity share. The latter is recognized as an industry leader in product variation, and insurance claim management which led them to achieve an award for leading general insurance companies in Asia. Ceylinco received this prestigious award at the fourth Asia Insurance Industry Awards Ceremony 2000, held in the Philippines.
Sagarmatha Insurance Co. Ltd has established itself as one of the largest private sector general insurance companies in Nepal with a Gross Written Premium (GWP) of Rs. 1,115,232,400 for the fiscal year 2015/16. The company issues over 81,388 policies and settled over 4236 claims during this time period. At the end of fiscal year 2015/16 the company had an Authorized Capital of Rs.500 million, Issued Capital 400 Million and Paid up Capital of Rs.258.36 million, being authorized by Insurance Board of Nepal Compliance with the Insurance Act, 2049.
Sagarmatha Insurance Co. Ltd has wide network expansions within its home country with total 62 branches and additional extensions. The workflow is managed by a team of dedicated experts and persistence employees. The company also comprises wide distribution network including various corporate agents beside its own direct sales force.
Our company has been promoted by the prominent entrepreneurs and leading industrial groups, such as Salt Trading Corporation, Golchha Organization, Jyoti Group and MC group of companies. We have executed this company with the determination to provide innovative insurance solutions and generous commitments to customers at their doorsteps. Our company along with our associates believes in attaining the trust of prospects by ensuring quality service and authenticity of work.