Kathmandu. The three micro life insurers have invested more than Rs 3.30 billion in various sectors. This is according to the financial details of the second quarter of the fiscal year 2082/83 made public by the Nepal Insurance Authority. According to the data, Crest Micro Life, Guardian Micro Life and Liberty Micro Life have invested Rs 2.30 billion in the first quarter of the current FY.
Guardian Micro Life is the largest investor in the company. The company has invested Rs 89.49 crore. The second is Crest Micro Life. The company has invested Rs 83.87 crore. Liberty Micro Life has also invested Rs 56.69 crore.
Most of the small life insurers have invested in fixed deposits of ‘A’ class banks. These three micro life insurers have invested Rs 1.87 billion in class A banks. Rs 9.75 crore has been deposited in ‘B’ class banks. Guardian Micro Life has invested Rs 20 lakh in fixed deposits of Class C banks and financial institutions.
Similarly, these three companies have invested Rs 28.39 crore in the ordinary shares of listed public companies. Guardian and Crest Micro Life have invested Rs 2.67 crore in preferential shares, bonds, debentures and debentures of banks and financial institutions.
Liberty Micro Life has invested Rs 99 lakh in bonds, debentures and debentures of listed public limited companies.
On the other hand, Guardian and Liberty Micro Life have invested in Citizen Investment Trust and mutual funds. Among them, Guardian Micro Life has invested Rs 25 lakh, while Liberty Micro Life has invested Rs 75 lakh.
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