Prominent bankers, entrepreneurs, top dealers of automobile and other products, tourism specialist, industrialists, finance companies and vast experience persons in the insurance industry for more than three decades, have jointly promoted LUMBINI GENERAL INSURANCE COMPANY LIMITED (LGIC).
This has an Authorized Capital of Rs. 250 million and issued Capital of Rs.125 million, incorporated under Company Act, 1997 and permitted to write business of all classes of general insurance by Insurance Board under Insurance Act, 1992. Of the issued Capital of Rs. 125 million, Rs. 100 million, or 80 percent of it has been fully paid up by the promoters. The balance Rs. 25 million or 20 percent will be raised from general public subscription.
This Company has arranged reinsurance treaties for automatic distribution of risks accepted by the Company, with the Reinsurers of the best securities. They are :

• General Insurance Corporation of India
• African Reinsurance Corporation, Mauritius
• Milli Reassurans, T.A.S., Turkey
• F.A.I.R. Non-Life Reinsurance Pool , Turkey
• B.E.S.T. Reinsurance, Labuan Branch , Malaysia
• Trust International, Bahrain
• Sirius International Insurance Corp., UK Branch, London

This Company is professionally managed by a team of highly experienced, trained and dedicated staff under the direction of a Board of Directors who has a Distinctive reputation in the financial, industrial and business sectors.