Kathmandu. Three micro-life insurance companies have already published their financial statements for the fourth quarter of the fiscal year 2081/82 BS. According to the financial statements published by the companies, the net insurance premium has increased by 575 percent this review year compared to the previous year.
In the review year, the companies have collected a total of Rs 1.01 billion in net insurance premiums. In the same period last year, the companies had collected Rs 149.74 million in net insurance premium.
In this review year, Guardian Micro Life has collected the highest amount of insurance premium. The company has collected Rs 399.5 million in net insurance premium this review year. The company had collected Rs 36.9 million in net insurance premium in the same period last year. Compared to the previous year, the company’s net insurance premium has increased by 980 percent.
Similarly, Crest Micro Life has collected Rs 339.2 million in net insurance premium in the review year. The company had collected Rs 84.2 million in net insurance premium in the year-ago period. Compared to the previous year, the company’s net insurance premium has increased by 302 percent.
Liberty Micro Life has collected Rs 271.4 million in net insurance premium in the review year. The company had collected Rs 28.4 million in net insurance premium in the same period last year. Compared to the previous year, the company’s net insurance premium has increased by 853 percent.
