Kathmandu. Term insurance has contributed the most to the total income of Asian Life Insurance. Fiscal Year 2081. According to the company’s annual report, term insurance accounts for 43 percent of the company’s total premium income.
The second largest contributor is the children’s insurance scheme. According to the annual report, 27.53 percent of the total insurance income is from the life insurance scheme of children.
There has been encouraging growth in their business. The company’s total premium collection has increased by 16.85 percent compared to the previous FY.
The company offers a wide range of policies including term, term and child insurance, life term and term insurance.
In the last fiscal year, the company earned Rs 9.40 billion in total insurance premiums including first insurance premium and renewal premium.
Contribution and increase by type of policy (FY 2081/82):
Type of Insurance} |
Total Premium (Rs.) |
Contribution Percentage} |
State (last fiscal year 2080.) 81 Comparison) |
| Endowment{ | 4 billion 2 crore 58 lakh | 42.79% |
Normal growth } |
| Child Insurance | 2 billion 59 million { | 27.53% |
strong presence } |
| {Anticipated Endowment{ | 1 billion 35 million { | 14.39% |
Stable } |
| Whole Life Endowment{ | 1 billion 18 crore 75 lakh | 12.62% |
Reform-oriented } |
| Second/Other(Micro & Term) | 2 billion 51 million | 2.67% |
{Limited contributions } |
The 17-year-old company has a market share of around 5 percent. Currently, there are 14 life insurance companies in operation.
