As per the record of the Insurance Authority, policyholders have surrendered policies worth Rs 12.02 billion by the month of Jestha.
The insurees surrendered 8,422 insurance policies of Rs 1.15 billion in Shrawan, 8,052 policies worth Rs 1.14 billion in Bhadra, 6,063 policies worth Rs 773.2 million and 6,746 policies worth Rs 1.11 billion in Kartik.
Similarly, they surrendered 7,650 policies worth Rs 1.01 billion in Mangsir, 6,782 policies worth Rs 874.3 million in Poush, 9,839 policies worth Rs 1.32 billion in Magh, 8,939 policies worth Rs 1.08 billion in Falgun and 9,358 polices worth Rs 1.18 billion in Chaitra.
Likewise they surrendered 10,797 policies worth Rs 1.30 billion and 9,733 policies worth Rs 1.03 billion in Jestha.
Out of all companies, Nepal Life Insurance’s customers have surrendered the most number of policies. A total of 2,858 policies worth Rs 433.9 million have been surrendered in Jestha.
Similarly, 7,711 policies worth Rs 138,8 million have been surrendered of LIC Nepal.
