Life insurers collect Rs 14 billion in new premiums in Q1
Summary
Nepali life insurance companies collected Rs 13.92 billion in premiums in the first quarter of the current fiscal year, up 39.89 percent from the same period last year. The Nepal Insurance Authority said the jump was driven by strong first-premium collections across life, micro-life and foreign employment insurance pools.
Key Points
- Nepali life insurers collected Rs 13.92 billion in premiums in the first three months of the current fiscal year, a 39.89 percent increase year on year.
- The Nepal Insurance Authority said 14 life insurance companies collected Rs 12.75 billion in first premiums.
- Three micro-life insurers collected Rs 300 million, while the Foreign Employment Term Life Insurance Pool contributed Rs 860 million.
- The first quarter premium collection was among the highest recorded over the past four years.
