Sagarmatha Insurance Co. Ltd. incorporated in 1996 has been promoted by the prominent entrepreneurs and leading industrial groups such as Salt Trading Corporation, Golchha Organization, Jyoti Group, MC Group, Sunrise Bank, Nepal Construction and Engineering Corporation and other promising entrepreneurs and industrialists.
Sagarmatha Insurance Co. Ltd. is the first foreign Joint Venture Company in Nepal in General Insurance with joint venture partner Ceylinco Insurance PLC of Sri Lanka (awarded “CNCI Achievers Industrial Excellence – 2002 Gold Medal by The Ceylon National Chamber of Industries among the best industry in the SAARC Region). Our joint venture partnership with Ceylinco Insurance PLC in 1999 signaled a new sign of things to come.
Sagarmatha Insurance Co. Ltd believes in attaining the trust of its customers by providing variant insurance services that match the needs of existing customers and potential prospects. The company works to provide dedicated service to its customers through qualitative and innovative solutions. The company is rendering the services under the management and supervision of our highly experienced professionals. The main objective of the company is to provide the wide range of security against physical loss and best insurance related services to our clients.
Since its inception, Sagarmatha Insurance has always been about providing security to the people and serving them by settling their claims during their time of need. During the devastating earthquakes of 2015, Sagarmatha Insurance successfully managed and settled 2630 claims amounting to a total of Rs. 1.9 Arab from the two major quakes that shook the country.
Sagarmatha insurance always believes in providing innovative and industry-leading services that benefits all the involved parties. Products like the VIP on the spot have been widely appreciated. Sagarmatha Insurance is proud to call itself the first insurance company in Nepal to bring forward the idea and implementation of a highly digitalized insurance experience. The company aims at providing access to our services from anywhere in Nepal through the Insurance Digitally plan. The company was awarded with Product Innovation Award for “VIP on The Spot” in the year 2018 and General Insurance Company of the Year in the year 2019 from Emerging Asia Insurance Awards organized by India Chamber of Commerce.
The Company has an authorized capital of NRs. 2 Billion and Paid-Up capital Rs.1.11 billion. Out of the Paid-Up capital, 51 % by Promoters, 20 % by our joint venture partner Ceylinco Insurance Company, PLC, and the balance 29% by public shareholders.
Our directors who are representing many Industrial Organization, Banking sectors, Engineering and Construction Projects are handling this organization very efficiently. We attempt to give their names below:
1. Mr. Ram Krishna Manandhar, Chairman
(Chairman, Image Channel & Image Group of Companies)
2. Mr. Lokmanya Golchha, Director
(Chairman, Golchha Organization)
3. Mr. Siddhartha Mani Rajbhandari, Director
(Managing Director & CEO, NCEC Group)
4. Mr. Ajith R. Gunawardena, Director
(Managing Director & CEO, Ceylinco Insurance Co. PLC, Colombo, Sri Lanka)
5. Mr. Rajendra Man Sherchan
6. Mr. Gajendra Lal Shrestha,
(Public Director, Jwagal, Lalitpur)
7. Mr. Padma Jyoti
8. Mr. Patrick Alwis
9. Ms. Shova Shrestha