Mr. Siddhartha Majumdar is currently serving as Chief Executive Officer of National Insurance Company Limited, Nepal. Prior to that he served as Senior Divisional Manager in Kolkata, India.

He is a MBA, MCA, FIII with Post Graduate Diploma in Energy Management.

He started his career as an IT professional and has invested his initial years in turn-key software projects. On his joining National Insurance Co. Ltd., India he served in various departments like IT, Technical and Operations and has worked in all office formats like Branch to Head Office.

In his opinion insurance business worldwide had been badly hit during the past one and a half years due to the pandemic and Nepal is no exception to that. We have been going through dwindling revenues, gross lack of customer acquisition and diminishing customer retention even with strong customer support. However, with the economic situation turning back, even though slowly; and restrictions being loosened to some extent, it is now the most opportunistic moment to surge ahead by increasing insurance awareness and exploring untapped potential. Enhanced focus needs to be given on agricultural and micro-insurance.

In today’s service market, brand building depends on service quality, credibility and trustworthiness. For this to achieve, we have to penetrate into every segment of the market with appropriate schemes, sincere and prompt customer care, and service delivery beyond the promise.

Delivery of quality product in the service sector grossly depends on the morale and motivation of the service providers and that is why enhancing customer happiness is the cornerstone in ensuring better business. It is a win-win proposition for all – the company, the employees and the customers.

The team at NIC Nepal will endeavor sincerely to serve the interests of our customers and to envision a clear path towards achievement of greater success.

Mr. Siddhartha Majumdar

CEO, National Insurance