Three Billion 64 Million Insurance Policy Surrendered in the First Quarter

Kathmandu : Insurance policies worth three and a half billion rupees have been surrendered during the first quarter. According to the Nepal Insurance Authority since last July 29,120 insured persons have surrendered policies worth three billion 648.2 million rupees.

According to the data of the authority the number of policy surrenders decreased in August compared to last July but increased again in October. According to the authority in July, 9,798 insures of 14 life insurance companies surrendered insurance policies worth one billion 28 million 3 thousand 33 rupees.

Similarly, the number decreased in August. During this period, 9,386 insured persons surrendered insurance policies worth one billion 182 million rupees. This number has increased by the end of October. In October, 9,936 insures surrendered policies worth 118.29 rupees.

According to the authority Nepal Life Insurance’s insurers have surrendered the most policies in the month of October. During this period, 2,649 insures of the said company have given up their insurance policies worth Last August, 2,542 policyholders of this company gave up their policies worth 400 million 290  thousand rupees.

It is mentioned in the authority’s data that in the month of October of the current financial year, 1,065 insured persons of the National Insurance Institute surrendered insurance policies worth 97.1 million rupees. Last August, 1,344 policyholders of the company surrendered policies worth 98.1 million rupees.

Similarly, 849 of the National Life Insurance Company worth 90 million 49 million rupees,

Similarly, 849 of the National Life Insurance Company worth 90 million 49 thousand rupees,

It is mentioned in the authority’s data that Life Insurance Corporation of Nepal has surrendered 1 thousand 815 insurance policies worth 26 million 200 thousand rupees.

Similarly, in October, 408 policies of Met Life worth Rs. 367,410,000, 758 policies of Asian Life worth Rs. 651,000,000, 164 policies of IME Life Insurance worth Rs. 152,000,000 and Sun Nepal Life worth of Rs. 79,800,000 The insurance has been surrendered.

According to the authority, during this period, 164 insures of Reliable Nepal Life have surrendered insurance articles worth 95,620,000 rupees, while 256 insures of Citizen Life Nepal have surrendered insurance articles worth 114,180,000 rupees in October.

Similarly, 621 insurance policies worth 8.85 million rupees of Suryajyoti Life, 143 insurance policies of Sanima Reliance Life worth 161 million rupees, 855 insurance policies of Himalayan Life worth 777 million rupees and 114 insurance policies of Prabhu Mahalaxmi Life worth 126 million 85 rupees have been surrendered. It is mentioned in the data.