|Lumbini General Insurance Co. Ltd.|
|View Transaction History||Name and Symbol||Lumbini General Insurance Co. Ltd.(LGIL)|
|Last Traded Price (Rs.)||501.00|
|Change (Rs.) and (%)||-7(-1.38)|
|Total Listed Shares||8,800,000.00|
|Paid Up Value (Rs.)||100|
|Total Paid Up Value (Rs.)||880,000,000.00|
|Closing Market Price (Rs.)||501.00|
|Market Capitalization (Rs.)||4,408,800,000.00|
Lumbini General Insurance Company Limited [LGI] was incorporated in 2005 A.D. by prominent Businessmen, Industrialists, Banking, Financial Organizations and First Ex-Governor Shri Himalaya SJB Rana as Founder Chairman.
Lumbini General Insurance Company Limited (LGI) has been jointly promoted by prominent bankers, entrepreneurs, top dealers of automobile, tourism professionals, industrialists, finance companies and well experienced staffs in the insurance industry for more than two decades.
Authorized: NRs. 1 billion
Paid-up: NRs. 880 million
Proposed Paid-up: NRs. 1 Billion
To be a Leading General Insurer of Nepal by providing Global Standard General Insurance Services to the Customers and the Nation with wide range of products at par excellence.
VISION & MISSION
To provide reasonable rate of return to the Shareholders; Good Salary-Benefits & Career Advancement to the Employees; Efficient Services to the Customers; Sincere Social Services to the Society; Volume of Revenue to the Nation.
The Corporate Business Risks are duly managed by arranging continuous Reinsurance Treaty with A rated Reinsurers of global market since 2005 A.D.
Products & Services
LGI is providing General Insurance Services to the customers by providing the following insurance covers:
Fire Insurance is a contract of indemnity against loss due to Fire, Lightening, and Earthquake to the insured property. In addition, there are allied covers - Flood, Landslide, Inundation, Storm, Hurricane, Aircraft Damage, Impact Damage, Explosion, Implosion, Riot, Strike, Terrorism, Malicious Damage, Sabotage and Consequential Loss of Fire.
MARINE INSURANCE (CARGO)
Marine Insurance [Cargo] is a contract of indemnity against loss/damage to the insured cargo/goods during the transit period by Land/Sea/Air. For Export/Import Policies, the Institute
Cargo Clauses A/B/C are used. In addition, extraneous risk like TPND, SRCC can be added to the cover at extra premium.
Motor-Vehicle Insurance is a contract of indemnity against loss/damage to the insured motor-vehicle during the period of cover. For insurance purpose, motor-vehicles are classified into 3 categories: (a) Private Car, (b) Motor Cycle/Scooter, (c) Commercial Vehicle [Passenger/Goods Carrying]. Accordingly, Risks are classified into 3 Sections – I. Own Damage, II. Third Party, III. Personal Accident and Medical Cover of Driver, Passengers and so on. In addition, RSD can be added to the cover at extra premium.
Engineering Insurance is a contract of indemnity against loss/damage to the insured project/property during the currency of the policy. For insurance purpose, a project insurance can be classified into 4 categories-
(a) Erection All Risks Insurance,
(b) Marine cum - Erection Insurance,
(c) Contractors' All Risks Insurance,
(d) Contractors' Plant & Machinery Insurance.
Further, there are other classes of Engineering Insurances like - Boiler/Pressure Plant Insurance; Machinery Insurance; Loss of Profits [Machinery] Insurance; Computer/Electronic Machine Insurance.
Aviation Insurance is a contract of indemnity against loss/damage to the insured Aircraft/Crew Members/Passengers/TP during currency of the policy.
AGRICULTURE & MICRO INSURANCE
Agriculture Insurance is a contract of indemnity against loss/damage to the insured Crop/Cattle/Bird/Fish/Bee etc. [other than Micro Insurance Scheme] during the currency of the policy.
Micro Insurance is a contract of indemnity/ compensation against loss/damage to the insured Property/Person (small entrepreneur/ Crop/Cattle/Bird etc. [other than Agriculture Insurance Scheme].
MISCELLANEOUS ACCIDENTAL INSURANCE
Miscellaneous Accidental Insurance is a contract of indemnity/compensation against loss/damage to the insured Property/Subject- Matter/Person or Group/Institution during the currency of the respective policy. Under this class of insurance, there are various types of insurance covers as follows:
In addition to the above traditional insurance covers, LGI is in process of development of other insurance covers as per requirement of the Customers and Society for product diversification purpose subject to the approval of Beema Samiti in innovative manner.