Renewal Premium Collection of 34 Billion Rupees by Life Insurance Companies

Kathmandu : Life insurance companies have managed to earn 34 billion rupees in renewal insurance fees by the end of October.

According to the data of Nepal Insurance Authority, by the end of October, life insurance companies have managed to earn renewal insurance premiums equal to 34.8 billion rupees.

During this period, Nepal Life has managed to earn the highest renewal premiums. The company has managed to earn 9.35 billion rupees in renewal insurance fees by the end of October.Second is LIC Nepal. During this quarter, the company has managed to earn 4 billion rupees in renewal premiums.

The third is the National Insurance Institute. The institute has managed to earn 3 billion 93 crore rupees in renewal insurance fee till this period.

According to Nepal Insurance Authority, Himalayan Life managed to earn 3.85 billion rupees, National Life 3.28 billion rupees, Suryjyoti Life 1.78 billion rupees, Asian Life 1.54 billion rupees, Sanima Reliance Life 1.19 billion rupees.

Similarly, Citizen Life amount.1.8 billion, Met Life amount.1.6 billion, Prabhu Mahalaxmi Life amount .93.56 million, IME Life amount.7.651 million, Reliable Nepal Life amount.689.1 million and Sun Nepal Life amount 5822 million. It has succeeded in earning renewal insurance fee of lakhs of rupees.