Non-life insurance companies of Nepal insurance fee income has increased

Dec Thu 2023 02:12:36

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Non-life insurance companies of Nepal insurance fee income has increased

Kathmandu. A total of 12 billion 74 billion 71 million insurance fees have been collected by non-life insurance companies till November of the current financial year. In the same period of the last financial year, non-life insurance companies earned a total of 13.35 billion 85 million rupees in insurance fees. The business done by the non-life insurance companies till the month of Kartik of the current year is 4 and a half percent less compared to the same period of the last financial year.

Non-life insurance companies have sold 8 lakh 94 thousand 524 insurance policies during this review period of the current year. It is mentioned in the data of the National Insurance Authority that during the same period of the last financial year, insurance companies issued 9 lakh 19 thousand 138 insurance policies.

Non-life insurance companies have earned 2 billion 29 billion 24 lakh rupees in insurance fees only in the month of Kartik. 2 lakh 10 thousand 88 insurance policies have been issued in the month of Kartik alone.

Nepal Insurance has earned 129 million rupees insurance fee by issuing a total number of 14 thousand 376 insurance articles in the month of Kartik alone. The company has collected 496.1 million premiums till the month of Kartik and it has issued 58 thousand 981 insurance articles.

The Oriental Insurance company insurance fee income is 639 million rupees. The insurance number of the company is 2 thousand 867 during the same period. The premium fee of the company is 589.9 million till the month of Kartik. The National Insurance Company has issued 18,770 policies in the month of Kartik and earned a premium of 36 million rupees. The company has a total insurance fee of Rs 58.55 million till the month of Kartik of the current financial year.

National Insurance's insurance premium for the month of October is Rs 5 crore 97 lakh. The fee was earned by issuing 2,140 insurance policies during the review period of the company. National Insurance has collected insurance fee of Rs 43 crore 17 lakh till the month of Kartik.

In the month of Kartik alone, Prabhu Insurance has earned a total of Rs. 14 crore 2 lakh insurance premiums. Similarly, Shikhar Insurance has issued 19 thousand 956 insurance policies and earned insurance fees of 232 million rupees. The company has earned 1 billion 27 billion 35 lakh rupees in premium fees till the current financial month of Kartik.

Insurance premium of NLG Insurance 160.7 million, Himalayan Everest Insurance 185.3 million, Sanima GIC Insurance 11.73 million, Siddharth Premier Insurance 26.82 million, Sagarmatha Lumbini Insurance 28.76 million, IGI Prudential Insurance 23.21 million and United Azod Insurance 16 crore 64 lakhs of insurance fees have been earned.

Two small insurance companies have also published their monthly data. Nepal Micro Insurance has issued a total of 1,738 insurance policies and collected a total insurance fee of 30 lakh rupees. Similarly, by issuing 940 policies of protective micro insurance, premium fee of 45 lakh rupees has been earned. Prabhu Insurance has earned a total of Rs 70 crore 61 lakh insurance fee till the month of October.

Till the month of Kartik, the total insurance premium of NLG Insurance is 836.2 million, Himalayan Everest Insurance 1.1336 million, Sanima GIC Insurance 716.7 million, Siddharth Premier Insurance 1.333.38 million, Sagarmatha Lumbini Insurance 1.6653 million, IGI Prudential Insurance has earned 1 billion 937 million rupees and United Azod Insurance has earned 86 million 83 million rupees.