Life and Non-Life Insurance Sectors Report Varied Performance in Premium Collection Till Bhadra FY 2082/83
Summary
Life insurance companies collected Rs 35.24 Arba in premiums from 11,450,477 policies, with Nepal Life Insurance leading contributions. Non-life insurers gathered Rs 8.12 Arba from 432,114 policies, spearheaded by Sagarmatha Lumbini Insurance.
Key Points
- Life insurance companies collected a total premium of Rs 35.24 Arba till Bhadra FY 2082/83 from 11,450,477 active policies.
- Nepal Life Insurance Company Limited collected Rs 9.68 Arba with 1,642,239 active policies.
- Reliable Nepal Life Insurance Co Ltd had the highest number of active policies (2,436,828) but collected Rs 1.01 Arba in premiums.
- Non-life insurance companies collected Rs 8.12 Arba from 432,114 active policies, with Sagarmatha Lumbini Insurance Company leading at Rs 89.44 Crores.
