Kathmandu. Similarly, Rs 127.69 billion has been collected in life insurance premiums. According to the Economic Survey of the current fiscal year released by the Ministry of Finance, Rs 32.53 billion has been collected in non-life insurance premium.

The total insurance premium has increased by 16.1 percent to Rs 160.22 billion as compared to mid-March of the current fiscal year. Among the active insurance policies, the number of life insurance policies stood at 162,59,832 while the number of non-life insurance policies stood at 2,168,045.

According to the survey, a total of Rs 26.84 billion has been paid under life insurance claims till mid-March of the current fiscal year. In the non-life insurance category, Rs 17.31 billion has been paid under 94,215 insurance claims.

A total of 12,430 people have got direct employment in the insurance sector. According to the survey, about 412,452 agents are in indirect employment as of mid-March 2081. A total of 1,224 surveyors and 16 reinsurance agents who assessed the loss of the non-life insurance business got employment.

Provident Fund has assets of Rs. 642.35 billion

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Similarly, the assets and liabilities of Employees Provident Fund reached Rs 642.35 billion as of last December. During the period, the depositors’ reserves amounted to Rs 578.06 billion. The Fund has invested Rs 229.49 billion in various sectors. Similarly, the bank has disbursed loans and loans worth Rs 381.61 billion.

According to the survey, the assets and liabilities of CIT stood at Rs 319.5 billion as of mid-January last year. During the period, the deposits of the savers amounted to Rs 282.37 billion. The Fund has invested Rs 192.94 billion in various sectors. It has provided loans and loans worth Rs 91.56 billion.