Kathmandu. The life insurance companies last fiscal year 2081. He has spent more than Rs 6.5 billion on the salary and allowances of the employees.
At present, 14 life insurers have spent Rs 6.60 billion on salaries and allowances of employees in the review year. Last year 2080. The companies spent Rs 6.09 billion in 2018. Compared to the previous year, the companies’ expenditure on salaries and allowances of employees increased by 8.37 percent in the review year. Compared to the previous year, the expenditure on salaries and allowances of employees of 10 companies has increased and four companies have decreased.
Nepal Life is the largest spender on the salary and allowances of the employees in the review year. The company has spent Rs 887.4 million. In the previous fiscal year, the company had spent Rs 742.8 million. Compared to the previous year, the cost of going to the salary and allowances of the employees of the company has increased by 19.47 percent in the review year.
Similarly, Himalayan Life is in second place. In the review year, the company spent Rs 884.3 million, which decreased by 2.82 percent to Rs 859.4 million in the review year.
The third is Suryajyoti Life. In the last fiscal year, the company spent Rs 657.1 million on salaries and allowances of its employees. In the previous fiscal year, the company had spent Rs 605.4 million. Compared to the previous year, such expenditure has decreased by 8.55 percent.
In the review year, National Life has spent Rs 505.4 million on salaries and allowances of its employees. In the previous year, the company had spent Rs 502.9 million. In this way, the cost of going to the salary and allowances of the employees of the company has increased by 0.50 percent.
Similarly, Life Insurance Corporation (LIC Nepal) spent Rs 443.1 million, Sanima Reliance Life Rs 441.7 million, IME Life Rs 405.8 million, Sun Nepal Life Rs 402.1 million, Prabhu Mahalaxmi Life Rs 386.4 million and MetLife Rs 368.6 million in the review year. Although the cost of going to the salary and allowances of the employees of LIC Nepal, Prabhu Mahalaxmi Life MetLife has decreased in the review year compared to the previous year, the expenses of the remaining companies have increased.
Similarly, In the last fiscal year, Asian Life spent Rs 363.7 million, Citizen Life Rs 360.5 million, Reliable Nepal Life Rs 350.5 million and National Life Insurance Company Rs 170.6 million. The cost of going to the salaries and allowances of the employees of all these companies has increased.
