Kathmandu. Current Fiscal Year 2083. Insurance companies have paid more than Rs 23 billion in claims till the first quarter (July-September) of 2018. <\/p>\n
According to the data released by the Insurance Authority of Nepal, insurance companies have paid claims of Rs 23.01 billion till September of the current fiscal year. Out of this, life insurers have paid claims of Rs 15.10 billion. This payment is 77,709 claims. <\/p>\n
In the previous fiscal year 2082. As of September 2018, life insurers had paid Rs 11.57 billion for 58,863 claims. The number and amount paid by life insurers has increased by 32.02 per cent and 30.52 per cent, respectively, as compared to the previous year. <\/p>\n
Both the number of claims and the amount due to the life insurers have increased. The number of claims that have been paid till September of the current year has reached 1,23,484 and the amount of those claims has been paid to Rs 9.91 billion. The number and amount of claims due to life insurers during the review period are 115.43 per cent and 101.92 per cent, respectively, as compared to the previous year. As of September last year, life insurers were due to pay Rs 4.91 billion for 57,321 claims. <\/p>\n
Similarly, non-life insurers have paid claims of Rs 7.90 billion till September of the current year. This payment is 41,394 claims. <\/p>\n
Till September last year, non-life insurers had paid Rs 5.64 billion for 32,615 claims. Compared to the previous year, the number of claims paid till September of the current year has increased by 26.92 percent and the amount paid has increased by 40.12 percent. <\/p>\n
Both the number of claims and the amount due to be paid by non-life insurers has increased. The number of claims that are yet to be paid till September of the current year has reached 1,13,025 and the amount of claims that are yet to be paid is Rs 60.05 billion. The number and amount of claims due to non-life insurers during the review period are 2.51 per cent and 15.04 per cent higher respectively than the previous year. As of September last year, non-life insurers were due to pay Rs 52.20 billion for 1,10,258 claims.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Current Fiscal Year 2083. Insurance companies have paid more than Rs 23 billion in claims till the first quarter (July-September) of 2018. According to the data released by the Insurance Authority of Nepal, insurance companies have paid claims of Rs 23.01 billion till September of the current fiscal year. Out of this, life insurers […]<\/p>\n","protected":false},"author":16,"featured_media":221950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45152,45096],"tags":[],"class_list":["post-322814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-life-insurance-en","category-non-lifeinsurance-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/322814","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=322814"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/322814\/revisions"}],"predecessor-version":[{"id":322815,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/322814\/revisions\/322815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/221950"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=322814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=322814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=322814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}