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Notice of Suchi Darta Sagarmatha Insurance Company Ltd proudly announces The Corona Virus (Covid 19) Policy Notice Regarding the Cancellation of Agent Training 2076 Sagarmatha Insurance Company donated 16 Lakhs to support Corona Fund Important Notice regarding Insurance Puchases and Claims Important Notice regarding Insurance Puchases and Claims सगरमाथा इन्स्योरेन्स कम्पनी लिमिटेडको बीमा सेवा सम्बन्धि सूचना Telephone Line Problem Notice to the remaining Share Holders who have yet to take Bonus Shares 2069-70 Notice to the Share Holders Rights to Information Happy New Year 2020 सगरमाथा इन्स्योरेन्स र ग्रिनसिटी अस्पतालबीच सम्झौता Rights to Information Happy Vijaya Dashami 2076 Notice to the Shareholders regarding collection of the Bonus Share after the payment of Tax incurred Representing Corporate Governance in the Third Responsible Business Summit Job Opportunities 2076 Customers of Sagarmatha Insurance receives NIC ASIA Bank’s digital payment platforms for quick payment of insurance premium Agent Training 2019 Depositing Tax amount incurred in Bonus Share on Global IME Capital - Information to the Shareholder 22nd Annual General Meeting Sagarmatha Insurance wins General Insurance Company of the Year 2019 award from Emerging Asia Insurance Awards २२ औँ बार्षिक साधारण सभा बस्ने सुचना सूची दर्ता गर्ने बारेको सूचना संचालक निर्र्वाचन सम्बन्धी सूचना संस्थापक शेयर बिक्री गर्ने बारेको सूचना । 22nd AGM Notice VIP on the Spot Travel Medical on Insurance Digitally Information Updated upto 2075/12/30 B.S. for Public Blog on Insurance Digitally by Khalti Insurance Digitally Insurance Agent Training 2019 - Dang Publicized Company Detail upto 2075/09/30 Publicized-Second Quarter Financial Report 075/76 Sampati Bima List of remaining shareholders to receive dividends Insurance Agent Training 2018 - Hetauda Publicized Company Detail upto 2075/06/30 Office Circular 2075 Dashain Job Opportunities 2075 Agent Training 2018 International Award 2018 Information Updated upto 2074/12/30 B.S. for Public Bancassurance with Kailash Bikash Bank Bancassurance Aggrement Signing Ceremony with Janata Bank 21st AGM Second Notice 21st Annual General Meeting Publicized Company Detail upto 2074/06/31 Insurance Agent Training 2074 (Butwal Branch) Career Opportunity 2074 Happy Bijaya Dashami and Subha Dipawali Notice for Insurance Agent Training Notice for Flood and Landslide Victim Customers
Company Profile

Sagarmatha Insurance Company Limited
Bhagwati Marg, Naxal, Kathmandu

COMPANY PROFILE


Sagarmatha Insurance Company Limited has been providing insurance services since July 1996 duly approved by Controller of Insurance, Ministry of Finance. It has been jointly promoted by the prominent and leading industrialist of Nepal under the joint venture with Ceylinco Insurance PLC, Sri Lanka. The MOU with Ceylinco Insurance, PLC was signed in November 1997 and two senior officials were deputed to develop new products and train the marketing personals.

The joint venture agreement was signed between Sagarmatha Insurance Co. Ltd. and Ceylinco Insurance PLC in May 1999 after the investment of 20% equity on share capital. Mr. Ajith R. Gunawardena, Managing Director, and Mr. Patrick Alwis, Dy. Chief Executive Director of Ceylinco Insurance PLC was representing the Board.

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.

The Company has an authorized capital of NRs. 2 Billion and Paid-Up capital Rs.1.001 Billion. Out of the Paid-Up capital 51 % is paid by Promoters, 20 % by Ceylinco Insurance Company, PLC, and the balance 29% by public shareholders. 

Sagarmatha Insurance has been regularly promoted by the prominent entrepreneurs and leading industrial groups and the workflow is managed by a team of dedicated experts and persistence employees. Our directors who are representing many Industrial Organization, 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. Kirti Kumar Joshi,

    (Public Director, Kamalpokhari)

6. Mr. GajendraLal Shrestha,  

    (Public Director, Jwagal, Lalitpur)

7. Ms. Nirmala Manandhar,

   (Independent Director, Dhobighat, Lalitpur)


In addition, we are having excellent reinsurance arrangement with the support of International Reinsurers, and we can handle any major projects under our Reinsurance Treaties. Furthermore, we have specific facility to place the risk under Facultative Reinsurance. We are having re-insurance support from the following companies.

·         General Insurance Corporation of India, Mumbai India.

·         Asian Reinsurance Corporation, Bangkok, Thailand.

·         ZEP-RE (PTA Reinsurance Company) Nairobi, Kenya.

·         Hanover Reinsurance Company Malaysia.

·         Kenya Reinsurance Corporation Ltd., Nairobi, Kenya.

·         Oriental Insurance Co. Ltd., New Delhi, India

·         Trust Int. Insurance & Reinsurance Co. BSC, Bahrain

We feel delighted to mention that we have maintained good business relationship with almost all commercial banks, development banks, Finance Companies, malls, schools/colleges and construction companies of the country including National Industries & Business/Trading Houses. The followings are few of our valuable customers that we are pleased to serve:


·         Government of Nepal – Melamchi Water Supply Development Board

·         Agni Incorporated Pvt. Ltd.

·         Laxmi Group

·         Surya Nepal Pvt. Ltd

·         Sipradi Trading

·         Nabil Bank

·         SBI Bank

·         Everest Bank

·         Bank of Kathmandu

·         Varun Beverages

·         K.L Duggar Group

·         Nepal Hydro Developer Pvt. Ltd.

·         Goenka Group

·         Hansraj Hulas

·         Ashok Steel Industries Pvt Ltd

·         Bhatbhateni Supermarket Department Store

·         Saleways Department Store

·         Civil Mall Pvt Ltd

·         Varun Developers (Park View Horizon Apartment)


List of our major Hydro Customers:

·         Aako Khola

·         Sanvi Pvt Ltd

·         Mandakini Hydropower

·         Madi Power Pvt Ltd

·         Alliance Power Pvt Ltd

This company is handled by a team of professional and technical staffs with vast experience and competency in insurance industry. The energetic and vibrant family of Sagarmatha Insurance Co. Ltd, includingemployees across the country is responsible for the smooth and successful running of the organization. This dynamic team is spearheaded by Mr. Chunky Chhetry, Chief Executive Officerand his distinguished team.


Mr. Chunky Chhetryhas been with this company since 1998 having previously served at Oriental Insurance and United Insurance Co. ltd. Mr. Chhetry has participated in various insurance related seminars and training programs in Bahrain, Bangkok, Sri Lanka, India, Malaysia, Germany, Singapore and Nepal. He gives guest lecture on insurance service in various colleges and seminars organized by Beema Samiti and other institutions. He holds EMBA degree with more than 25 years working experience in the Insurance industry.

Email: chunky@sagarmathainsurance.com.np

Mr. Shrawan Rawal, Deputy Chief Executive Officer

Mr. Rawal has been with the company since 2017 having previously served at Oriental Insurance and Neco Insurance Co. Ltd. Mr Rawal is professional with wide experience in general insurance industry, who has attended several training/international seminars/workshop in various countries. He holds a commerce degree with over 30 years working experience in the insurance and Re-insurance industry.

Email: skrawal@sagarmathainsurance.com.np


We hold the position of one of the leading Insurance Company of Nepal in terms of Premium collection, Policy Underwriting & Profit. The financial highlights of the company are provided below:


(Amount in Rs. 000)


Particular

FY 2015-16

FY 2016-17

FY 2017-18 (NFRS)

Paid-Up Capital

441,223

538,292

538,292

Gross Written Premium

1,112,122

1,409,085

1,837,944

Gross Claim Paid

1,035,443

1,270,538

1,177,035

Net-Profit

206,754

276,207

332,904

Net Worth

1,018,094

1,291,339

1,543,585


Spanning a history of over 23 years, we have been providing our clients with stability and confidence of securities, and our shareholders with consistent returns. Our main motive is to build a culture of meeting and serving our customer’s needs. Through our customer-driven service packages, personalized service delivery, and technology-focused operations, our clients enjoy value and benefits that are unparalleled in the insurance industry.


At Sagarmatha Insurance Co. Ltd; we believe in giving our customers brilliant service and ensure that all concerns are addressed to the very best of our abilities. Our entire teams have been equipped to work and deliver on these lines, always ready to go that extra mile and help our esteemed customers. We are confident that all our customers will experience this delight.


Company Products:

Property Insurance Policy

-          House Insurance Policy

-          Property Insurance Policy

-          Loss of Profit Insurance

Marine Insurance

-          Institute Cargo (Sea Transit Insurance)

-          Institute Cargo (Air Transit Insurance)

-          Institute Inland (Inland Transit Insurance)


Motor insurance

-          Private vehicle Insurance

-          Motorcycle Insurance

-          Commercial vehicle Insurance

-          Miscellaneous Vehicle

Aviation Insurance

-          Hull All Risk Insurance

-          Hull War Risk Insurance

-          Hull Liability Insurance

Engineering Insurance

-          Contractor ‘s All Risk Insurance

-          Contractor’s Plant and Machinery Insurance

-          Erection All Risk Insurance

-          Machinery Breakdown Insurance

-          Electronic Insurance

Miscellaneous Insurance

-          Bankers’ Blanket Insurance

-          Burglary and House Breaking Insurance

-          Group/Personal Accident Insurance

-          Group Medical Insurance

-          Travelers Medical Insurance

-          Cash in Transit/Vault Insurance

-          Consequential loss Insurance

-          Trader’s combined policy

-          Public Liability Insurance

-          Children’s Health Insurance

We feel delighted to share that our company settled the highest amount of earthquake claim numbered ‘3000’, amounting 1.8 billion during the fiscal year 2072/73. We are listed as the highest claim settling company of the earthquake period, paying double the amount of other competing companies. This was a milestone in itself to reach to our customers during the chaotic situation caused by Earthquake. We would like to list below the claim amount above 10 million that we paid to our customers after Baisakh 12, 2072 earthquake.


S. No.

Insured

Amount (in Rs '000)

1

Varun Developers (Park Horizon)

31,00,00

2

Westar Properties Pvt. Ltd 

19,76,05

3

Shangrila Housing Pvt. Ltd

6,87,78

4

Unique Highdel Company Ltd

5,96,26

5

Krishna Bahadur Gurung

5,55,66

6

Bajra and Shangrila Residency Pvt. Ltd

5,00,00

7

Royal Orchid Developers Pvt. Ltd

4,87,64

8

Kantipur Publication Pvt. Ltd

3,00,31

9

Himalayan General Insurance (Down Town Housing)

2,36,11

10

Bhatbhatini Supermarket and Department Store Pvt. Ltd

2,05,48

11

Kongdi Hotel Pvt. Ltd

2,00,00

12

Himalayan Décor Rugs

1,99,99

13

Pawan Phuyal

1,89,99

14

Neco Insurance (Ashwini Medical College & Hospital Pvt. Ltd)

1,83,62

15

Sherpa Shangrila Resort Pvt. Ltd

1,80,00

16

Civil State Pvt. Ltd

1,60,00

17

Civil Business Complex Pvt. Ltd

1,59,50

18

Trans Trip Garment Industries Pvt. Ltd

1,50,00

19

Lalitpur Bishal Bazaar Multicomplex (LABIM Mall)

1,36,09

20

Bank of Kathmandu Ltd

1,18,58

21

Varun Beverages Nepal Pvt. Ltd

1,17,85

22

Platinum Developers Pvt. Ltd

1,15,31

23

Nima Moktan and Kanchi Nani Tamangni

1,13,50

24

Deepjyoti Saichik Pratisthan

1,09,74

25

Jagat Lal Shahi

1,04,21

26

Lama/Gajendra/Nayabato J.V.

1,00,00


We have also introduced a new service named VIP on the spot. The new scheme introduced by Sagarmatha Insurance stands for vehicle insurance policy and is all about reaching to the customers when they require our help the most. This recently launched add on service is for vehicles focused on giving customers claim settlement on the accident spot. Current era is all about finding competitive edge and that is what our new service makes us stand out with.  We have introduced this in the market with additional value service and no extra premium charges to accomplish a successful business endeavor.

Better Service, No Added Charge!

Chaotic road situations make the accidents quite predictable and unmanageable. People try to avoid it but it does not remain in their control. During such accidental situation, people seek assistance, financial and non-financial and that is when Sagarmatha Insurance will be there for them. Our company will be a call away to settle the claim of our customers after the accident. We are glad to provide our customers hassle free paper work, quick claim settlement and 24 hours customer care service through our toll free number : 1660 01 66 666.

We also feel ecstatic to share that Sagarmatha Insurance has been honored with the ‘Emerging Asia Insurance Award 2018’ held in Bangkok, Thailand. We feel privileged to achieve this award for the product innovation and successful execution of our recently launched service, VIP on the Spot.  Our main motive to initiate this service was to serve our customers with additional value service and no extra premium. To be recognized for our endeavor is a great accomplishment for our company and team.

Motto:
BIG OR SMALL- SECURITY FOR ALL”   

Mission:
A promise of financial security and protection for our clients, commitment and fairness to our agents, respect and opportunity for our employees, and increasing value and reward for our shareholders. We are committed to bringing quality products to market while providing the best service at the lowest cost. We will remain flexible and innovative to address the changing needs of our customers.

Vision:
Our vision is to set the standard of excellence among insurance providers by being inventive with service, being financially strong, and exceeding customer expectations. We will attract and retain the very best employees and agents to help us create an impact and achieve our expected outcome.

Goals:
To be the market leader in Nepalese General Insurance Industry
To ensure that our growth in General Insurance is higher than that of the market
To attract and aid our customers by delivering a high level of customer service
To ensure that Sagarmatha Insurance shares reflect insurance risk rather than investment risk
To ensure that our expense ratio is lower than the general market
To be able to attract and recruit qualified employees in the market


Objectives:

To increase market share

Premium revenue

Risk protection to customers

Retain and increase customer base by creating brand value

Emphasize in our relations with stakeholders

Guaranteeing continuity and growth


We provide adequate solutions according to the customer expectation through customer care service. We ensure added value in return for premium to attain greater customer satisfaction.

Contact Us:

Our customer service team will be available 24 hours to assist you over phone, e-mail and live chat for buying a new product or any other service related enquiry or grievances.

You can call our customer service helpdesk at 1660-01-66666 or write us at info@sagarmathainsurance.com.npor customer.service@sagarmathainsurance.com.np


Corporate Office Address:

Sagarmatha Insurance Co. Ltd.

Head Office

Surakshan Bhawan, Bhagawati Marg, Naxal

P.O. Box: 12211, Kathmandu Nepal

Phone: 01-4412367, Fax: 977-1-4412378

Email: info@sagarmathainsurance.com.np

Website:www.sagarmathainsurance.com.np

Contact Detail

Sagarmatha Insurance Co. Ltd.

Bhagwati Marg, Naxal, Kathmandu

P.O.Box 12211, Kathmandu, Nepal
Phone: +977-1-4412367
Fax: +977-1-4412378
info@sagarmathainsurance.com.np
www.sagarmathainsurance.com.np