Nepali Life Insurance Companies Collect Over NPR 200 Billion in Premium, Business Up by 12.43%
Summary
Nepal’s life insurance companies collected over NPR 200 billion in premiums in fiscal year 2082/83, marking 12.43% growth from the previous year. Nepal Life Insurance led total premium collection, while IME Life Insurance posted the highest growth rate.
Key Points
- Fourteen life insurers in Nepal collected a combined NPR 200.0191 billion in premiums during fiscal year 2082/83.
- The sector’s total business rose 12.43% from NPR 177.9063 billion in the previous fiscal year.
- Nepal Life Insurance Company led premium collection with NPR 53.6884 billion, followed by National Life Insurance and LIC Nepal.
- IME Life Insurance recorded the fastest growth at 37.96%, while Rastriya Jeeban Beema Company was the only firm to post a decline.
