Kathmandu. Current Fiscal Year 2083. Insurance companies have brought in business of more than Rs 74.5 billion till the first quarter (July-September) of 2018. <\/p>\n
According to the Insurance Reflection released by the Nepal Insurance Authority, 14 life, 14 non-life, 3 light life and 4 micro non-life insurance companies have collected a total insurance premium of Rs 74.51 billion till the end of the current financial year. In the previous fiscal year 2082. As of September 1983, the companies had collected a total insurance premium of Rs 63.29 billion. The company’s business increased by 17.74 percent in the review period compared to the previous year. <\/p>\n
According to the data, life insurance companies have earned a total insurance premium of Rs 58.72 billion till September of the current financial year. This is an increase of 16.60 percent compared to the previous year. By September last year, life insurance companies had earned a total insurance premium of Rs 50.36 billion. <\/p>\n
Till September of the current financial year, life companies have collected Rs 13.92 billion in first life insurance premium and Rs 44.80 billion in renewal life premiums. In the previous year, the companies had collected Rs 10.66 billion in first life premiums and Rs 39.70 billion in renewal life premiums till September last year. The first insurance premium increased by 30.57 percent and the renewal premium by 12.85 percent in the review period compared to the previous year. <\/p>\n
Similarly, non-life insurance companies have earned a total insurance premium of Rs 15.78 billion till September of the current financial year. The companies had earned a total insurance premium of Rs 12.92 billion till September of the previous year. The business of non-life insurance companies has increased by 22.16 percent in the review period compared to the previous year. <\/p>\n
The total number of life insurance policies issued till September of the current fiscal year stood at 24,12,827 and the total number of non-life insurance policies issued was 9,15,717. The total number of life insurance policies issued till September of the previous year was 19,839 and the total number of non-life insurance policies issued was 7,80,613. The total number of life insurance policies issued increased by 26.93 per cent and the total number of non-life insurance policies issued by 17.31 per cent in the review period as compared to the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Current Fiscal Year 2083. Insurance companies have brought in business of more than Rs 74.5 billion till the first quarter (July-September) of 2018. According to the Insurance Reflection released by the Nepal Insurance Authority, 14 life, 14 non-life, 3 light life and 4 micro non-life insurance companies have collected a total insurance premium of […]<\/p>\n","protected":false},"author":16,"featured_media":319684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45152,45159],"tags":[],"class_list":["post-322631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-life-insurance-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/322631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=322631"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/322631\/revisions"}],"predecessor-version":[{"id":322632,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/322631\/revisions\/322632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/319684"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=322631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=322631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=322631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}