General Insurance Companies in pressure to Meet Minimum Paid-up Capital

Jun 09, 2019 Merolagani

The non-life insurance companies operating in Nepal are required to maintain the minimum paid-up capital of Rs 1 billion by the end of the current FY which is merely 40 days away.

Out of 20 general insurance companies, six companies have already met the paid-up capital requirement while 7companies are opting for options like the right issue and bonus share distribution.

Similarly, 4 companies have not declared their capital plan for paid-up capital increment and 3 new companies are set to issue IPO in the near future.

Below is the status of paid-up capital in the non-life insurance companies operating in Nepal:

 


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