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

Insurance companies are competing with each other to increase their premium collection. Till the eight months of the fiscal year 2081/82 i.e. Falgun end, the life insurance companies collected a total premium of Rs 1.08 Kharba, out of its 13,446,792 total active insurance policies.

As per the report published by Nepal Insurance Authority, Nepal Life Insurance Company Limited limited single-handedly collected Rs. 29.39 Arba, having an active number of insurance policies of 1,904,096 as of Falgun 2081.

Meanwhile, the most striking revelation comes from Reliable Nepal Life Insurance Co Ltd, which boasts the highest number of active insurance policies—2,475,902. However, the company generated only Rs. 3.17 Arba in premiums during the assessed period.

Coming towards the nonlife insurance sector, Shikhar Insurance Company collected the highest premium worth Rs. 4.01 Arba. Likewise, Sagarmatha Lumbini Insurance Limited, which has 185,087 insurance policies, collected a premium worth Rs. 3.32 Arba as its insurance premium.  

The non-life insurance companies collected a total premium of Rs 28.02 Arba out of its 1,843,456 total active insurance policies.