Life Insurance Company has crossed more than 70.5 billion Rupees on Renewal insurance fee

Kathmandu : Life insurance companies have earned 70 billion 770.2 million Rupees as renewal insurance fee until the 2024 Mid of February and end of Magh month the current fiscal year 2023/024 A.D (2079/80). This has been shown, according to the data published by the Insurance Authority up to the end of Mid of February,  Magh 2080, including 7 month transactions.

In the 7 months of the current financial year, Nepal Life Insurance has earned the highest amount of insurance fees through renewal. By the end of Magh month, the company has collected 19 billion 528.4 million Rupees through renewal of insurance fee.

Life Insurance (Corporation) Nepal is in the second position on the basis of renewal insurance fee earning. The company has earned 8 billion 948.1 million rupees in renewal insurance fee till the end of Magh month.

Similarly, Himalayan Life as gained 8.71 billion rupees on renewal of insurance fee, National Life earned 7.69 billion rupees and the government-owned Rastriya Jeewan Beema Company earned 4.63 billion rupees.