Kathmandu. Investment by life and non-life insurance companies has almost doubled in the last five years. During this period, the investment in the insurance sector has increased by Rs 366.53 billion.
According to the 59th annual report of the Nepal Insurance Authority, the fiscal year 2077. The insurance sector has invested Rs 439.71 billion in the current fiscal year 2018/19. It has crossed Rs 806.25 billion by mid-April 2018.
The number of insurers having more than 100 billion life insurance funds has reached three. Among life insurers, Nepal Life and LIC Nepal have more than Rs 100 billion in insurance fund size. National Life Insurance’s insurance fund is also approaching rs 100 billion.
With the expansion of the size of the life and non-life insurance business, the size of investment from this sector is also gradually increasing. F.V. 2077. The total investment increased by 25.48% to Rs 439.72 billion. 21.75%, 23.08%, 8.26% growth in the current fiscal year 2081. By the third quarter of 1982, it increased by 13.02% to Rs 806.26 billion.
Fixed deposits of commercial banks account for a major portion of the insurance sector’s investment. According to the financial statements of the insurer, 80 percent of the total investment is fixed deposits.
