Life Insurance Companies has Earned over 79 Billion Rupees as Renewal Premiums, in 8 Months

Kathmandu : Life insurance companies have managed to collect more than 79.5 billion Rupees in renewal insurance fees within eight months. According to the statistics of Nepal Insurance Authority’s data, the data released by life insurance companies for eight months shows that the companies have earned 79 billion 865 million 500 thousand Rupees as renewal insurance fees.

Nepal Life, which has the history of doing the most of the seller in the insurance market, alone he has brought in renewal insurance fees of 22 billion Rupees.

LIC Nepal has collected 10.22 billion Rupees as renewal insurance premiums.

Data shows that Himalayan Life, which has become stronger after the merger, company has collected 9.78 billion Rupees as renewal insurance premiums during this period.

Similarly, National Life has collected Rs.8.70 billion, Rastriya Jeevan Beema Company Limited has collected Rs.4.84 billion, SuryaJyoti Life has collected Rs.4.36 billion, Asian Life has collected Rs.4.11 billion and Sanima Reliance Life has collected Rs.2.81 billion as renewal insurance premium, according to the data published by the Authority.

Similarly, Met Life has collected Rs.2.81 billion, Citizen Life has collected Rs.2.81 billion, Prabhu Mahalaxmi Life has collected Rs.2.18 billion, IME Life has collected Rs.1.95 billion, Reliable Nepal Life has collected Rs.1.77 billion and Sun Nepal Life has collected Rs.1.59 billion as the renewal insurance premiums.