Shukkah. Life and non-life insurance companies have added Rs 11.5 billion to their paid-up capital in a period of one year.
According to the Nepal Insurance Authority, the shareholders of life and non-life insurers have contributed a total of Rs 11.56 billion through bonus shares and right shares. Out of this, the shareholders of the life insurer have earned Rs. 10.01 billion and the shareholders of the non-life insurer have received Rs. 10.01 billion. An additional Rs 1.55 billion has been invested. This amount is calculated on the basis of the face value of the shares.
Life insurer investors are ahead on the basis of both the growth rate and amount of paid-up capital. This is due to the fact that the size of life insurers is twice that of non-life insurers.
The insurance company has fixed a minimum paid-up capital of Rs 5 billion for life insurers, Rs 2.50 billion for non-life insurers and Rs 750 million for micro insurers.
According to the NRA, the previous fiscal year 2080. The paid-up capital of the life insurer is Rs. 81. It was Rs. 60.08 billion in the last fiscal year, an increase of 16.66 percent. It has reached Rs 70.09 billion. During this period, the paid-up capital of the non-life insurer was Rs. From Rs 27.80 billion, it increased by 5.58 percent to Rs. 29.35 billion.
