Kathmandu. In the last one year, the investment of insurance companies in fixed deposits of banks has increased by about 8 percent.
According to the data of Nepal Rastra Bank, the current fiscal year 2082. Insurance companies have invested Rs 676.38 billion in fixed deposits of banks in the second quarter of 2018-19. Previous fiscal year 2081. Insurance companies had invested Rs 628.11 billion in fixed deposits of banks till January 1980. The investment of the insurer increased by 7.68 percent in the review period compared to the previous year.
Currently, there are 14 life insurance companies, 14 non-life insurance companies, 4 micro life insurance, 3 micro life insurance and 2 reinsurance companies.
Similarly, Employees Provident Fund (EPF) has invested Rs 181.96 billion in fixed deposits of banks till mid-January of the current fiscal year. The fund had invested Rs 181.72 billion in the same period of the previous year. The investment of the fund increased by 0.13 percent in the review period compared to the previous year.
Meanwhile, Citizen Investment Trust (CIT) has invested Rs 142.11 billion in fixed deposits of banks in the review period. The fund had invested Rs 123.52 billion in the same period of the previous year. The fund’s investment has increased by 1.50 percent.
As of the review period, the deposits of the general public stood at Rs 4,890.15 billion. In the same period of the previous year, the deposits of the general public were Rs 4,238.64 billion. The deposits of the general public have increased by 15.37 percent.
