Kathmandu. Current Fiscal Year 2083. In the first month of July 2018, insurance companies have paid more than Rs 7.7 billion. <\/p>\n
According to the data released by the Nepal Insurance Authority, insurance companies have paid claims of Rs 6.78 billion in July. Life insurers have paid claims of Rs 5.47 billion. This payment is of 28,121 claims. <\/p>\n
In the previous fiscal year 2082. In July 2018, life insurers had paid Rs 5.09 billion for 28,059 claims. The number of claims and amounts paid in the current fiscal year increased by 0.22 percent and 7.36 percent, respectively, compared to the previous year. <\/p>\n
Both the number of claims and the amount of claims that are yet to be paid by life insurers have increased exponentially. The number of claims that are yet to be paid till July of the current year has reached 1,25,630 while the amount of claims that are yet to be paid is Rs 10.14 billion. The number and amount of claims due to life insurers during the review period increased by 118.10 per cent and 120.56 per cent, respectively, as compared to the previous year. As of July last year, life insurers were yet to pay Rs 4.60 billion for 57,603 claims. <\/p>\n
Similarly, non-life insurers have paid claims worth Rs 1.31 billion in the current year. This payment is of 10,969 claims. <\/p>\n
In the previous year, the non-life insurers had paid Rs 1.65 billion for 10,470 claims. The number of claims paid in the month of July increased by 4.77 percent compared to the previous year, while the amount paid decreased by 20.66 percent. <\/p>\n
Both the number of claims and the amount due to be paid by non-life insurers have increased. The number of claims that are yet to be paid till July of the current year has reached 1,10,650 and the amount of claims that are yet to be paid is Rs 41.78 billion. The number of claims and amount that are yet to be paid by non-life insurers during the review period is 9.65 per cent and 60 per cent higher respectively than the previous year. As of July last year, non-life insurers were yet to pay Rs 26.11 billion for 1,908 claims. <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Current Fiscal Year 2083. In the first month of July 2018, insurance companies have paid more than Rs 7.7 billion. According to the data released by the Nepal Insurance Authority, insurance companies have paid claims of Rs 6.78 billion in July. Life insurers have paid claims of Rs 5.47 billion. This payment is of […]<\/p>\n","protected":false},"author":16,"featured_media":221950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45152,45159,45096],"tags":[],"class_list":["post-316707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-life-insurance-en","category-news-en","category-non-lifeinsurance-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/316707","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=316707"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/316707\/revisions"}],"predecessor-version":[{"id":316708,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/316707\/revisions\/316708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/221950"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=316707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=316707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=316707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}