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Started 20 hours ago · Updated 20 hours ago

Nepal Life Insurance Leads Sector Premium Collection, Crossing 156 Billion NPR Milestone

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Nepal's life insurance sector has surpassed a significant financial milestone, accumulating over 156 billion Nepalese Rupees in premium income. Nepal Life Insurance Company Limited remains the market leader, generating 41.16 billion NPR in premiums during the review period. Micro life insurance companies also saw substantial growth, with Crest Micro Life Insurance Limited leading the segment with 34.94 crore NPR in premiums.

  • The Insurance Authority of Nepal reported that the total life insurance premium income across the sector exceeded 156 billion Nepalese Rupees by the end of Baisakh.
  • Nepal Life Insurance Company Limited holds its position as the market leader, collecting 41.16 billion Nepalese Rupees in total insurance premium income.
  • Specialized micro life insurance companies collectively generated 96.56 crore Rupees in premium income over the first 10 months of the fiscal year.
  • Crest Micro Life Insurance Limited emerged as the top performer in the micro life insurance segment, collecting 34.94 crore Rupees in premiums.
  • Himalayan Laghubitta Bittiya Sanstha Limited provided financial relief by waiving a 375,000 Nepalese Rupees loan and interest for a member's family after the husband's death.

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Upakar Laghubitta Bittiya Sanstha Limited Nepal Life Insurance Company Nepal Insurance Authority Krishna Bahadur Karki Crest Micro Life Insurance Limited Lili Maya Miriching

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