Kathmandu. In the last 10 months, the sales of foreign employment insurance have increased by 21 percent. The sale of insurance policies has increased by 21 percent in mid-April of the current fiscal year compared to the same period of the previous fiscal year.
The sale of foreign employment term insurance has increased significantly due to the increase in the number of foreigners going abroad in search of employment opportunities.
According to the Department of Foreign Employment, the current fiscal year 2081. A total of 618,666 people have received labour permits for foreign employment till mid-April 2018. Foreign employment term insurance has been issued nearly four times the number of labor permits issued by the Department.
According to the Nepal Insurance Authority, a total of 2,501,368 insurance policies have been issued by life insurers till Last April. Last fiscal year (FY) 2080. A total of 2,070,256 policies were issued in the same period.
The number of insurance policies increased by 21 percent in mid-April, while the income from foreign employment increased by 12 percent. During the review period of the current fiscal year, life insurers have collected a total of Rs 2.88 billion by issuing foreign employment term insurance policies.
Last fiscal year 2080. In the first 10 months of 1981, life insurers had collected a total of Rs 2.58 billion by selling a total of 2 million 70 thousand 256 foreign employment insurance policies. During this period, the number of insurance policies increased by 36 percent compared to the same period of the previous fiscal year, but the amount collected as insurance fees decreased by 5 percent.
Fiscal year 2079. In the first 10 months, life insurers issued a total of 1,523,268 policies and collected a total of Rs 2.71 billion. Fiscal year 2078 due to corona epidemic. The number of insurance sales increased by 78 per cent this year as foreign employment opportunities, which had shrunk to 79, returned to normal this year.
