Life and Non-Life Insurance Sectors Report Varied Performance in Premium Collection Till Jestha FY 2082/83
Summary
Up to Jestha 2082/83, life insurance companies in Nepal collected Rs 1.73 kharba in premiums from over 11.7 million active policies, while non-life insurers gathered Rs 44.38 Arba from nearly 2.65 million policies.
Key Points
- Life insurance companies collected a total premium of Rs 1.73 kharba from 11,737,298 active policies by Jestha 2082/83.
- Nepal Life Insurance Company Limited collected Rs 46.16 Arba with 1,941,796 active policies.
- Reliable Nepal Life Insurance Co. Ltd had the highest number of active policies at 2,429,983 but collected only Rs 5.41 Arba in premiums.
- Non-life insurance companies collected Rs 44.38 Arba premiums from 2,651,010 active policies, with Shikhar Insurance Company leading at Rs 5.62 Arba.
