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Life Insurance Company’s business grows by 12.43 percent: Nepal Life Insurance in the first place, how much of others?

. As of the end of the last fiscal year, 14 life insurance companies have earned a total insurance premium of Rs 201.91 million.  According to the data made public by the Insurance Authority of Nepal, 14 life insurance companies have earned the premium from the insurance company.

According to the report, the insurance business of life insurance companies has increased by 12.43 percent compared to the previous fiscal year 208 TAG_OPEN_div_38 1-82. The company had earned Rs 177.90 billion in insurance premiums in the previous fiscal year.

Nepal Life Insurance Company (NLIC) has topped the list in terms of insurance premium.TAG_OPEN_div_36 In the last FY, the company collected Rs 53.68 billion in insurance premiums, an increase of 12.34 percent compared to the previous year. The company had earned Rs 47.79 billion in such fees till the end of the previous fiscal year.

Similarly, National Life Insurance (NLIC) has earned 11.06 percent growth in insurance premiums of Rs 24.68 billion.TAG_OPEN_div_34 Similarly, Life Insurance Corporation (Nepal) has earned Rs 21.23 billion in insurance premiums. The company’s insurance premium has increased by 6.57 percent compared to the previous year.

Similarly, Himalayan Life has collected Rs 18.TAG_OPEN_div_32 56 billion in insurance premiums. The company’s insurance premium has increased by 5.16 percent compared to the corresponding period of the previous FY.

Similarly, Surya TAG_OPEN_div_30 Jyoti Life Insurance has earned Rs 12.90 billion in insurance premiums. Asian Life Insurance has earned Rs 10.43 billion in insurance premiums.

The business of the National Life Insurance Company has decreased compared to the previous fiscal year.TAG_OPEN_div_28 The company has earned Rs 9.64 billion in insurance premiums till the end of the last FY.  It had decreased by 2.19 percent compared to the previous year.

Similarly, Citizen Life Insurance collected Rs 9.16 billion in insurance premiums while Reliance Life Insurance collected Rs 7.99 billion in insurance premiums.TAG_OPEN_div_26

IME Life Insurance has collected Rs 7.45 billion in insurance premiums while Met Life Insurance has collected Rs 6.88 billion.TAG_OPEN_div_24

Similarly, Reliable Nepal Life Insurance has collected Rs 6.42 billion in insurance premiums, followed by Prabhu Life Insurance Rs 6.42 billion and Sun Nepal Life Insurance Rs 4.63 billion.TAG_OPEN_div_22

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