As of mid-January of the current fiscal year, 18 life insurance companies have collected net insurance premium of Rs 55.75 billion. The premium earned by insurance companies is 37.5 percent higher than the same period last year. 40.55 billion in the corresponding period of the previous year.

Among life insurance companies, Nepal Life Insurance has earned the highest premium of Rs 17.08 billion during the period. The premium earned by the company is about 23 percent more than the same period last year. During the review period of the last fiscal year, Nepal Life Insurance had earned Rs 13.91 billion in insurance premiums. Nepal Life Insurance Company is the second company to earn higher insurance premiums. The company has earned Rs 9.56 billion in insurance premiums during the period.

The company had earned Rs 7.65 billion in insurance premiums during the same period last year. The company has earned about 25 percent more insurance premiums than last year. National Life Insurance Company is the third highest earner of insurance premiums. The company has earned Rs 5.48 billion in insurance premiums during the current fiscal year. The premium earned by the company is 41 percent higher than the same period last year. The company had earned Rs 3.88 billion in the same period last year.

In addition, new insurance companies have also made significant progress in insurance fees. The new insurance companies have also been included in the list of 18 life insurance companies that have released their financial statements for the second quarter of the current fiscal year 2077/78. Insurance business growth rate of Sanima Life, Gurans Life, IME, Prabhu, Jyoti Life Insurance and Reliance Life Company has been high during this period. These five companies have also expanded their business by 90 percent.

Gurans Life has also increased its business by more than 120 percent and earned Rs 2.11 billion in insurance premiums. The company had earned Rs 957.7 million in premiums during the same period last fiscal. IME Life Insurance Company has also increased its business by more than 98 percent to Rs 1.20 billion. The company had earned Rs 608.5 million in insurance premiums last fiscal year.

Sanima Life Insurance Company has earned Rs 956.3 million in the second quarter of the current fiscal year as compared to Rs 407.3 million in the same period last year. The insurance premium earned by the company is about 135 percent higher than the same period last year.