National Life Insurance Sees 5.60% Profit Growth, Strengthens Financial Position

Kathmandu – National Life Insurance has reported steady financial growth in the second quarter of the current fiscal year, with key indicators reflecting strong performance. The company’s recently published financial statements show an increase in profit, insurance fund size, and premium income.

During the review period, National Life Insurance’s net profit rose by 5.60%, reaching Rs 279.1 million. The company also saw significant expansion in its life insurance fund, which grew by 17.78% to Rs 77.95 billion from Rs 66.18 billion in the previous fiscal year.

The company’s total insurance premium income increased by 12.20%, reaching Rs 9.91 billion. Additionally, investment and interest income amounted to Rs 2.92 billion, further strengthening the company’s financial standing. However, total expenses during this period stood at Rs 12.32 billion.

National Life Insurance has also expanded its investments, deploying Rs 69.18 billion across various sectors in compliance with the investment guidelines of the Nepal Insurance Authority. Meanwhile, claim payments increased to Rs 4.76 billion, ensuring timely payouts to policyholders and reinforcing trust among the insured. With a paid-up capital of Rs 5.01 billion, the company’s earnings per share (EPS) now stand at Rs 10.18.