Kathmandu. The three micro life insurers have invested more than Rs 2.25 billion in various sectors. This is according to the financial details of the first quarter of the fiscal year 2082/83 made public by the Insurance Authority of Nepal. According to the data, Crest Micro Life, Guardian Micro Life and Liberty Micro Life have invested Rs 2.25 billion in the first quarter of the current FY.
Guardian Micro Life is the largest investor in the company. The company has invested Rs 81.68 crore. The second is Crest Micro Life. The company has invested Rs 79.66 crore. Liberty Micro Life has also invested Rs 64.04 crore.
Most of the small life insurers have invested in the fixed deposits of banks. These three micro life insurers have deposited Rs 1.87 billion in ‘A’ class banks and Rs 13.7 crore in ‘B’ class banks. Liberty Micro Life has invested Rs 1.10 crore in fixed deposits of Class C banks and financial institutions.
Similarly, these three companies have invested Rs 11.82 crore in ordinary shares of listed public companies. Guardian and Crest Micro Life have invested Rs 3.74 crore in preferential shares, bonds, debentures and debentures of banks and financial institutions.
Liberty Micro Life has invested Rs 2.22 crore in bonds, debentures and debentures of listed public limited companies.
Similarly, three companies have invested Rs 5.81 crore in Citizen Investment Trust and Mutual Fund. Among them, Guardian Micro Life has collected Rs 2.25 crore, Crest Micro Life Rs 1.56 crore and Liberty Micro Life Rs 2.00 crore.
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