NPR 1.18 Billion Earned from Foreign Employment Insurance Premiums

Kathmandu – Life insurance companies in Nepal collected over NPR 65 billion in premiums during the first five months (July to November) of the current fiscal year. According to data, the companies generated a total of NPR 65.74 billion in premiums during this period.

The breakdown includes:

• First Premiums: NPR 12.47 billion
• Foreign Employment Insurance Premiums: NPR 1.18 billion
• Renewal Premiums: NPR 52.08 billion

Company-Wise Collection:

• Rastriya Beema Company: NPR 2.25 billion
• National Life Insurance Company: NPR 7.98 billion
• Nepal Life Insurance Company: NPR 18.76 billion
• Life Insurance Corporation (Nepal): NPR 7.66 billion
• MetLife: NPR 2.33 billion

Other Notable Contributions:

• Asian Life Insurance: NPR 3.36 billion
• IME Life Insurance: NPR 1.89 billion
• Sun Nepal Life Insurance: NPR 1.57 billion
• Reliable Nepal Life Insurance: NPR 1.92 billion

Emerging Players:

• Citizens Life Insurance: NPR 2.65 billion
• Surya Jyoti Life Insurance: NPR 3.99 billion
• Sanima Reliance Life Insurance: NPR 2.59 billion
• Himalayan Life Insurance: NPR 6.79 billion
• Prabhu Mahalaxmi Life Insurance: NPR 1.94 billion

This data underscores the growing engagement and trust of Nepalese citizens in life insurance, showcasing a significant rise in premium collection across the industry.