Life and Non-Life Insurance Sectors Report Varied Performance in Premium Collection Till Ashwin FY 2081/82

Insurance companies are competing with each other to increase their premium collection. Till the three months of the fiscal year 2081/82 i.e. Ashwin end, the life insurance companies collected a total premium of Rs 41.08 Arba, out of its 13,335,998 total active insurance policies.

As per the report published by Nepal Insurance Authority, Nepal Life Insurance Company Limited limited single-handedly collected Rs. 11.99 Arba, having an active number of insurance policies of 1,644,219 as of Ashwin 2081.

Meanwhile, the most striking revelation comes from Reliable Nepal Life Insurance Co Ltd, which boasts the highest number of active insurance policies—2,514,187. However, the company generated only Rs. 1.2 Arba in premiums during the assessed period.

Coming towards the nonlife insurance sector, Sagarmatha Lumbini Insurance Limited collected the highest premium worth Rs. 1.43 Arba. Likewise, Siddhartha Premier Insurance Limited which has 74,789 insurance policies collected a premium worth Rs. 1.17 Arba as its insurance premium.

The non-life insurance companies collected a total premium of Rs 11.38 Arba, out of its 668,140 total active insurance policies.