Kathmandu. Life insurance companies in the last financial year 2082. More than Rs 86.25 billion has been paid in 1983.
According to the latest unrevised financial report, 14 life insurance companies have paid claims of Rs 86.30 billion in the last fiscal year. Previous fiscal year 2081. In 2018, the companies had paid claims of Rs 78.72 billion. In the review year, the claim payment of the companies increased by 9.64 percent compared to the previous year.
Compared to the previous year, the claim payment of 9 companies has increased while the claim payment of 5 companies has decreased. Nepal Life Insurance is the highest claim payer while National Life Insurance is ahead in terms of growth rate.
In the review year, Nepal Life has paid claims of Rs 21.57 billion. Last year, the company had paid Rs 19.19 billion. The claim payment of the company increased by 12.41 percent in the review year compared to the previous year.
The second highest claim payment is National Life. In the last fiscal year, the company paid claims of Rs 13.96 billion. Last year, the company had paid Rs 11.07 billion. The claim payment of the company has increased by 26.15 percent in the review year compared to the previous year. This growth rate is the highest among life insurance companies.
Life Insurance Company Ltd (LIC Nepal) is in the third position. The company paid claims of Rs. 12.59 billion in the previous fiscal year and Rs. 13.06 billion in the review year. The claim payment amount of the company increased by 3.76 percent in the review year compared to the previous year.
In the review year, the claim payment of Nepal Life Insurance, National Life Insurance Company, LIC Nepal, Rastriya Life Insurance Company, Himalayan Life Insurance, MetLife Insurance, Citizen Life Insurance, Reliable Nepal Life Insurance and IME Life Insurance increased in the review year. However, the claim payment of Surya Jyoti Life Insurance, Sun Nepal Life Insurance, Sun Nepal Life Insurance and Prabhu Mahalaxmi Life Insurance has decreased.
In the last fiscal year, Prabhu Mahalaxmi Life Company has paid the lowest claim. The company has paid a claim of Rs 1.05 billion. It was 8.66 percent less than the previous year.
Which company’s past claim payment?
