Life Insurance Companies’ Income from Investment Loans and Others Increased by 25% , Summary About it.
Kathmandu : Compared to the previous fiscal year, the income of 12 companies increased from investment loans and others have increased, while the income of two life insurance companies decreased. According to the data published by the life insurance companies, the income of the life insurance companies till the end of (Mid of July) of the previous year was 41 billion 14 crore 98 lakh 34 Thousand Rupees (41.14 billion 98 million 34 thousand) from investment loans and other income which has increased and reached up to 51 billion 59 Crore 92 Lakh this last fiscal year at the end of (mid of July). This shows that the income has increased by 25%.Reliable Nepal’s income from investments, loans and others has increased the most by 62 %. 57 crore (571 million) in the previous year, this income has reached 93 crore 53 lakh (935.3) million in the last year. In Second, IME Life has increased by 56 percent. 56 crores (560 million) in the previous year, but in the last year it has managed to get 88 crores (880 million).
Similarly, 51% of Citizen Life, 33% of Asian Life, 32% of Sun Nepal Life, 31% of National Insurance Institute, 28% of Himalayan Life and Met Life, 27% of Nepal Life, 22 % of LIC Nepal ,19% of National Life and the lowest 11% of Suryajyoti Life have increased their income from investment loans and others. The income of Sanima Reliance and Prabhu Mahalakshmi Life has decreased in last fiscal year compared to the previous fiscal year. Prabhu Mahalakshmi has managed to earn only 52 Crore 87 lakh 55 thousand rupees (528million 755 thousand) in the end of last fiscal year, while earning 64 crore 85 lakh 84 thousand rupees (648 million and 584 thousand) in the previous fiscal year. this shows that it’s income was decreased by 18 %. Similarly, Sanima Reliance, which earned 91 Crore 94 lakh (919.4 million) rupees in the previous year, has decreased by 7 % to 85 crore 55 lakh (855.5 million) rupees in the last year.