The life insurance company increased investment in the stock market, investing 88 billion rupees in shares and debentures

Kathmandu : Nepal Insurance Authority has increased the investment of life insurance companies in shares and debentures. In the first quarter of the current financial year, life insurance companies have invested 88 billion rupees in shares and debentures. By the fourth quarter of the last financial year, life insurance companies had invested 78 billion. Compared to the last financial year, life insurance companies have started investing in the stock market.

According to the authority, life insurance companies have invested 88.41 billion rupees out of a total amount of 6 trillion 12 billion in the sector. Insurance companies have invested 42 billion rupees in shares and debentures of banks and financial institutions of categories (a), (b) and (c) and listed companies. 21 billion rupees have been invested in the bonds of the company.

Similarly, life insurance companies have invested 10 billion rupees in ordinary shares of public companies, while they have invested 9 billion rupees in founder shares of other companies.

Life insurance companies have invested 4 billion rupees in savings bonds and bonds of the federal government, state government, local government or Nepal Rastra Bank. In addition, life insurance companies have invested 34 million rupees in the shares of companies that are not listed on the Nepal Stock Exchange.