Kathmandu. The life insurance companies in operation have invested Rs 30.52 billion in the stock market in the last fiscal year.

This investment is 59.58 percent higher than the same period of the previous fiscal year. In the same period of the previous fiscal year, the life insurance company had invested Rs 19.12 billion.

According to the Insurance Authority’s Investment Guidelines, 2075 BS, insurance companies can invest a maximum of 10 percent. According to the authority, Met Life Insurance Company has not invested in the stock market. Another 13 companies have invested.

Of these, the investment of 12 companies has increased while the investment of the state-owned National Life Insurance Company has decreased. The bank’s interest rate has come down significantly in recent times. After the reduction in interest rates, insurance companies have increased their investment in the stock market as per the guidelines of the AUTHORITY. Insurance companies used to invest more in fixed deposits. Insurance company officials say that due to the reduction in interest rates, investment is going to diversify.

According to NEA, Himalayan Life Insurance has invested the most in the stock market in the last fiscal year. The company has invested Rs 10.85 billion. This investment is 91.71 percent compared to the same period of the previous fiscal year. In the same period of the previous fiscal year, the company had invested Rs 5.66 billion. According to the NRA, the investment of The National Life Insurance Company in the stock market has decreased by 74.70 percent to Rs 546.4 million.

Nepal Life Insurance, which is in the second position in terms of investment, has earned Rs 4.12 billion. This is an increase of 42.81 percent in the same period of the previous fiscal year. Similarly, Suryajyoti Life Insurance’s investment in the stock market increased by 129.08 percent to Rs 2.92 billion.

According to nea, life insurance corporation’s investment in the stock market increased by 28.62 percent to Rs 2.34 billion, Sun Nepal Life’s investment in the stock market increased by 157.66 percent to Rs 1.51 billion, reliable Nepal Life Insurance’s investment in the stock market increased by 40.07 percent to Rs 1.47 billion.

Similarly, National Life’s investment in the stock market increased by 152.67 percent to Rs 1.33 billion, Citizen Life’s investment in the stock market increased by 339.41 percent to Rs 1.29 billion and IME Life’s investment in the stock market increased by 84.12 percent to Rs 1.22 billion.

According to nea, Prabhu Mahalakshmi Life Insurance’s investment in the stock market increased by 49.55 percent to Rs 1.15 billion, while Asian Life Insurance’s investment in the stock market increased by 4.27 percent to Rs 864.4 million.