Life Insurance Companies Earn Rs 8 bn in Premium in Baishakh

Jun 02, 2022 04:30 PM Merolagani

Life insurance companies have earned a net insurance premium of nearly Rs 8 billion in Baishakh. In the month, 19 life insurance companies issued 12,371,691 policies to earn  Rs 7.86 billion in the net insurance premium.

As per the Insurance Board (IB), the highest contributor in the total insurance premium is of Bagmati Province. Out of the total insurance premium, Bagmati Province collected 45.10 percent i.e. Rs 3.54 billion in total insurance premium.

 Similarly, on the basis of insurance policy, Endowment Life Insurance Policy has collected the highest premium of Rs 2.85 billion followed by advance paid endowment and Child endowment life insurance.

 

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