Life and Non-Life Insurance Sectors Report Varied Performance in Premium Collection Till Chaitra FY 2080/81

Insurance companies are competing with each other to increase their premium collection. Through the ninth month of the fiscal year 2080/81, the life insurance companies collected a total premium of Rs 1.10 Kharba, out of its 13,832,601 total active insurance policies.

As per the report published by Nepal Insurance Authority, Nepal Life Insurance Company Limited limited single-handedly collected Rs. 29.45 Arba, having an active number of insurance policies of 1,323,831 as of Chaitra 2080. 

Meanwhile, the most striking revelation comes from Reliable Nepal Life Insurance Co Ltd, which boasts the highest number of active insurance policies—31,51,800. However, the company generated only Rs. 2.98 Arba in premiums during the assessed period.

Coming towards the nonlife insurance sector, Shikhar Insurance Company Ltd collected the highest premium worth Rs. 4.22 Arba. Likewise, Sagarmatha Lumbini Insurance Limited which has 223,667 insurance policies collected a premium worth Rs. 3.5 Arba as its insurance premium.

The non-life insurance companies collected a total premium of Rs 29.99 Arba, out of its 21,93,547 total active insurance policies.