In Shrawan, the companies earned a first insurance premium of Rs 2.29 billion compared to Rs 5.28 billion of the last month.
The first insurance premium of all life insurance companies has declined during the period. Among them, Sanima Reliance Life Insurance recorded the highest declined of 67.74 percent. the company that earned Rs 351.1 million in first premium earned only Rs 113.3 million in Shrawan.
In the meantime, Nepal Life Insurance penned the highest first premium earning in Shrawan even though it declined by 60.59 percent compared to Ashad.
However, micro-life insurance companies have increased their first insurance premium. During the period, Guardian Micro Life raised its first insurance premium by 200 percent and Crest Micro raised the premium by 126 percent.
