Kathmandu. Life Insurance Company has increased its investment by 32 percent in the last one year.
Including investment in bank fixed deposits and subsidiaries in the last fiscal year 2081. In 2018, the total investment of the insurance company crossed Rs 15.30 billion, an increase of 32 percent compared to the previous fiscal year. In the last fiscal year, its asset base reached Rs 18 billion.
The insurance company has deposited 63 percent of its total investment in banks and financial institutions with fixed and interest income. As a result, there is enough liquidity available to the insurer.
The insurance company has earned Rs 7,062.30 crore in the life insurance fund in the last fiscal year as compared to Rs 7,062.30 crore in the last fiscal year. In 1982, it reached Rs 10.10 billion. The return on shareholders was moderate as the amount after the actuarial savings was transferred to the insurance fund to meet the liabilities of the insurance company and to increase the return of the insured.
Fiscal Year 2081. In ’82, the company had a moderate liquidity position with 1.49 times liquid assets in technical reserves. With the increase in investment, the return (interest) income from investment is mainly included.
In addition, the insurance company has earned Rs 89.90 crore from investment return in the last FY. It has increased by 6 percent compared to the previous fiscal year.
In the last fiscal year, the average return on interest investment of banks and financial institutions was 7.19 percent. In the previous fiscal year, it was 9.26 percent.
KATHMANDU: Care Ratings Nepal Limited has upgraded the issuer’s rating to “Care NP Triple (Issuer Rating)” to “Care NP Triple B Plus” from “Care NP Triple (Issuer Rating)”. This represents a moderate level of protection for the rated issuers in terms of timely servicing of their financial obligations in Nepal.
