Kathmandu. In the last one year, the investment of insurance companies in fixed deposits of banks has increased by about 9 percent.
According to the data of Nepal Rastra Bank, the current fiscal year 2082. Insurance companies have invested Rs 678.65 billion in fixed deposits of banks in the first five months of FY18. Previous fiscal year 2081. Insurance companies had invested Rs 623.67 billion in fixed deposits of banks till December 19, 2018. The investment of the insurer increased by 8.81 percent in the review period compared to the previous year.
Currently, there are 14 life insurance companies, 14 non-life insurance companies, 4 micro life insurance, 3 micro life insurance and 2 reinsurance companies.
Similarly, Employees Provident Fund (EPF) has invested Rs 174.60 billion in fixed deposits of banks till mid-December of the current fiscal year. The fund had invested Rs 179.16 billion in the same period of the previous year. The investment of the fund decreased by 2.54 percent in the review period compared to the previous year.
Likewise, Citizen Investment Trust (CIT) has invested Rs 142.69 billion in fixed deposits of banks in the review period. The fund had invested Rs 135.05 billion in the same period last year. The fund’s investment increased by 5.15 percent.
As of the review period, the general public deposits stood at Rs 4,781.15 billion. In the same period of the previous year, deposits of the general public were Rs 4.181 trillion. The deposits of the general public have increased by 14.34 percent.
