Sonapur Minerals and Oil Limited insured more than 5 billion rupees

Sonapur Minerals and Oil Limited has insured assets worth over NPR 5 billion. The company has insured a total of NPR 5.034 billion in assets and group accident insurance through Neco Insurance and Shikhar Insurance.

The company has insured NPR 4.787 billion worth of assets with Neco Insurance, including heavy equipment, transport vehicles, motor cars, jeeps, vans, and motorcycles. This insurance policy was purchased on July 18, 2023, with a premium payment of NPR 100 million.

Additionally, the company has taken out group accident insurance for its employees with Shikhar Insurance. This policy, worth NPR 247.8 million, was purchased on September 18, 2022, with a premium payment of NPR 371,720.

The company has secured insurance with two different companies to cover various risks associated with its physical assets.