Kathmandu: Insurance companies have invested Rs. 18.17 billion in the stock market in the Q1 of current fiscal year. Life insurance companies have investment of Rs.15.69 billion while non-life insurance companies have invested Rs. 2.5 billion in the stock market.
Life insurance companies have invested a total sum of Rs. 388 billion in various sectors in the first quarter. Of these, 4.03 percent has been invested in the stock of listed companies. As life insurance companies have large life insurance funds, their areas of investment and scope is wider. Looking at the investments of insurance companies, they are the largest investors in the secondary market.
Among life insurance companies, Nepal Life alone has invested the most of Rs 4.06 billion in the secondary market. LIC Nepal has the second largest investment among the life insurers. LIC Nepal has invested Rs.2.67 billion in stock market. Asian Life Insurance has an investment of Rs.1.81 billion in the stock market.
Similarly, non-life insurance companies have invested Rs. 63.39 billion. Out of which, 3.96 percent has been invested in the stock of listed companies.
Among the non-life insurance companies, National Insurance Company has made the largest investment of Rs.850. IME General has second largest investment of Rs. 497 million. United Insurance has made an investment of Rs. 482 million while Shikhar Insurance Rs. 370 million. Himalayan General 288 million, Prabhu Insurance Rs. 260 million, Premier 150 million, Everest 130 million, Prudential Insurance and Nepal Insurance Company Rs 100 million each, Nepal Reinsurance Rs. 94.7 million investment in the stock market. NECO Insurance has the lowest investment of Rs. 90 million.
