{"id":306894,"date":"2026-07-14T12:30:32","date_gmt":"2026-07-14T06:45:32","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=306894"},"modified":"2026-07-14T12:35:05","modified_gmt":"2026-07-14T06:50:05","slug":"state-owned-insurers-in-fragile-condition-poor-financial-performance-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/state-owned-insurers-in-fragile-condition-poor-financial-performance-2\/","title":{"rendered":"State-owned insurers in fragile condition, poor financial performance"},"content":{"rendered":"<p>Kathmandu. The situation is critical due to the poor financial performance of the state-owned insurance companies. <\/p>\n<p>The data presented by the Nepal Insurance Authority in the discussion with the Finance Committee showed this. Currently, there are government-owned National Life Insurance Company, Rastriya Insurance Company and Nepal Reinsurance Company. <\/p>\n<p><span style=\"color: #0000ff\"><strong>State of National Life Insurance Company <\/strong><\/span><\/p>\n<ul>\n<li><\/li>\n<li>Fiscal Year 2080. 81 to 2081. 82 Profit Decline<\/li>\n<li> Investment of about Rs 53 billion so far <\/li>\n<p>}<\/p>\n<p>TAG_OPEN_li_61 So far, there are about 6 lakh active insured members. <\/li>\n<\/p>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>State of National Insurance Company<\/strong><\/span><\/p>\n<ul>\n<li><\/li>\n<p>{{TAG_OPEN_li_59}Fiscal Year 2080. 81 to 2081. 82 Itself Profit Decline<\/li>\n<\/p>\n<li>Investments worth more than Rs 8 billion so far<\/li>\n<p>}<\/p>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong>Nepal Reinsurance Company<\/strong><\/span><\/p>\n<ul>\n<li> Net profit declines in the second quarter of the current financial year<\/li>\n<p>Net worth of over TAG_OPEN_li_56 Rs 20 billion reduced to Rs 12.50 billion <\/li>\n<\/p>\n<p>}<\/p>\n<li>Total insurance premium collection continues to decline<\/li>\n<p>}<\/p>\n<li>More investment of Rs 18 billion. <\/li>\n<\/ul>\n<p><span style=\"color: #0000ff\"><strong> Efforts to improve the performance of the Insurance Authority<\/strong><\/span><\/p>\n<p>}<\/p>\n<ul>\n<li>Instructions to Deliver Specified Capital<\/li>\n<p>Tripartite discussion with the Ministry of Finance, Insurance Authority and concerned insurers on different dates to improve the financial condition <\/li>\n<\/p>\n<p>TAG_OPEN_li_52<\/p>\n<li>Directive to hold an immediate general meeting<\/li>\n<li> Instructions to complete the audit on time, to submit the details of all accounts and progress report to the Authority every 15 days<\/li>\n<li>Continuous meetings and discussions with the top management level employees of the insurer regarding timely audit <\/li>\n<p>}<\/p>\n<li> National Life Insurance Company for the fiscal year 2076. 77 to 2078. The actuarial valuation report of the risk-based capital of 3 years up to 79 years has been concessioned for 3 years in a lump sum of 3 years <\/li>\n<p>}<\/p>\n<li> Directive to the National Insurance Company to establish a regular structure from July 28, 2082 and submit the progress report to the finance chief every 15 days<\/li>\n<li> The CEO and Finance Chief of the National Insurance Company should be informed to the Executive Director on a monthly basis and the top management including the chairman should be instructed to submit a progress report in 2-2 months<\/li>\n<p>}<\/p>\n<li> Regular discussions, correspondence and alerts have been held to get the actuarial evaluation report approved on time by strengthening the RAFSAF and other internal control system of Nepal Reinsurance Company <\/li>\n<p>}<\/p>\n<li>As a result, the financial year 2080 of Nepal Reinsurance Company. The actuarial valuation report of the risk-based capital of 81 is approved and the financial statement is in the process of being approved. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. The situation is critical due to the poor financial performance of the state-owned insurance companies. The data presented by the Nepal Insurance Authority in the discussion with the Finance Committee showed this. Currently, there are government-owned National Life Insurance Company, Rastriya Insurance Company and Nepal Reinsurance Company. State of National Life Insurance Company Fiscal [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":306886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45099],"tags":[],"class_list":["post-306894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-regulatory-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/306894","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=306894"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/306894\/revisions"}],"predecessor-version":[{"id":306895,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/306894\/revisions\/306895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/306886"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=306894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=306894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=306894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}