Kathmandu. The life insurance fund of life insurance companies is very important. Currently, the size of the life insurance fund of 14 life insurers has crossed Rs 900 billion.
The companies released the current fiscal year 2082. According to the data of the third quarter of 2018, the life insurance fund of the companies stood at Rs 904.81 billion. Previous fiscal year 2081. The life insurance fund of the companies stood at Rs 768.70 billion in the same period of 2018-19. The size of life insurance fund of the companies increased by 17.71 percent in the review period compared to the previous year.
The size of life insurance fund of all companies has increased during the review period as compared to the previous year. IME Life is the largest life insurance fund of Nepal Life Insurance in terms of growth rate.
As of mid-April of the current fiscal year, Nepal Life has a life insurance fund of Rs 265.36 billion. The company’s life insurance fund stood at Rs 225.67 billion in the same period of the previous year. The company’s life insurance fund has increased by 17.59 percent.
Life Insurance Company is the second largest life insurance company. The life insurance fund of the company increased to Rs. 143.36 billion in the review period from Rs. 129.80 billion in the previous year. The life insurance fund size of the company increased by 10.44 percent in the review period compared to the previous year.
Similarly, National Life Insurance Fund is the third largest life insurance fund. As of mid-April of the current fiscal year, the company’s life insurance fund stood at Rs 1.51 billion. The company’s life insurance fund stood at Rs 81.32 billion in the same period last year. The company’s life insurance fund has increased by 23.59 percent.
According to the financial statement, Sun Nepal Life Insurance is the smallest life insurance fund. The company has a net worth of Rs 11.90 billion. The life insurance fund of the company has increased by 25.04 percent compared to the previous year.
In terms of growth rate, the size of the life insurance fund of IME Life has increased by 42.11 percent. In the review period, the life insurance fund of the company has increased to Rs. 16.83 billion.
How TAG_OPEN_strong_20 much in the life insurance fund of which company?
