Kathmandu. Life insurance companies have reduced both the number of life insurance articles surrendered and the amount surrendered to the father till the 8th month of the current financial year 2082-83 (Sun-Fagoon).<\/p>\n
According to the insurance reflection till February of the current financial year published by Nepal Insurance Authority, the number of life insurance cover surrenders has declined by 8.49 percent. During this period, 65 thousand 477 insurance articles have been surrendered. In the last financial year 2081.82, a total of 71 thousand 554 insurance articles were surrendered by the insured during the same period.<\/p>\n
As the number of surrenders decreases, the amount paid to the surrendered father also decreases. In the last financial year, a total of Rs. 9 billion 87 crore 63 lakh rupees were paid due to the dedication of Phagunamma Life Insurance. For the current year, a payment of Rs 7 billion 78 crore 49 lakh has been made to the insured. The surrender amount decreased by 21.18 percent compared to the previous year.<\/p>\n
According to the authority, there has been a general decline in the number of life insurance articles after six months have passed since the renewal insurance fee has to be paid. Compared to February of the previous year, the number of insurance articles during the period under review has decreased by 0.07 percent.<\/p>\n
In the first 8 months of the current year, 12 lakh 27 thousand 689 rupees of insurance have been issued. The amount of insurance bill spent is Rs 37 billion 55 crore 83 lakh. Last year, during the same period, the insured amount of Rs 12 lakh 28 thousand 606 was Rs 36 billion 54 crore 87 lakh. As compared to last year, the outstanding balance of insurance accounts increased by 2.76 percent during the review period.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Life insurance companies have reduced both the number of life insurance articles surrendered and the amount surrendered to the father till the 8th month of the current financial year 2082-83 (Sun-Fagoon). According to the insurance reflection till February of the current financial year published by Nepal Insurance Authority, the number of life insurance cover […]<\/p>\n","protected":false},"author":16,"featured_media":217711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45152,45159],"tags":[56076],"class_list":["post-292516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-life-insurance-en","category-news-en","tag-nia-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/292516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=292516"}],"version-history":[{"count":2,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/292516\/revisions"}],"predecessor-version":[{"id":292538,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/292516\/revisions\/292538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/217711"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=292516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=292516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=292516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}