Shikhar Insurance Co. Ltd.

No comments yet. Be the first to share a view.

Shikhar Insurance Co. Ltd. (NEPSE: SICL) is a non-life (general) insurance company operating throughout Nepal. The company provides 21 distinct insurance products across personal, commercial, and specialized lines of business, including motor, fire, marine, engineering, health, agriculture, and personal accident insurance. Shikhar operates 115 branches across all seven provinces of Nepal with a workforce of over 650 employees serving more than 200,000 customers. The company maintains a cashless hospitalization network of 5,800+ hospitals across Nepal and India for its health insurance customers. As of May 2026, Shikhar Insurance holds the leading position in Nepal's non-life insurance sector with premium income of Rs. 5.19 billion and the highest market share at 13.29%. The company maintains an AA- credit rating from ICRA Nepal Limited. Shikhar Insurance was founded in 2004 and is headquartered in Thapathali, Kathmandu, Nepal.

Key Facts

Market Share

13.29% (highest among 17 non-life insurers as of May 2026)

Premium Income

Rs. 5.19 billion (Q3 FY 2025/26)

Branches

115 across all seven provinces of Nepal

Credit Rating

AA- (ICRANP) as of May 2025

Insurance Products

21 distinct products across personal, commercial, and specialized lines

Employees

650+

Cashless Network

5,800+ hospitals across Nepal and India