First Year Premium Income (FPI) Of Life Insurers At Rs. 31.26 Billion

June 2, 2022 | Investopaper

At present, there are 19 life insurance companies operating in the country. In the first ten months of current fiscal year 2078/79, these life insurance companies have earned Rs. 31.26 billion as first year premium income (FPI). This is the premium income from new business this year. It doesn’t include the renewable premium income i.e. premium income from insurance policies of previous years.

Nepal Life Insurance Company has earned the highest first year premium income of Rs. 5.21 billion. National Life Insurance Company is on the second spot with FPI of Rs. 3.49 billion while Citizen Life Insurance has FPI income of Rs. 2.19 billion. On the other hand, Gurans Life Insurance has the lowest FPI income of Rs. 0.54 billion.

The table below presents the first year premium collection of life insurers in the current fiscal year.

First Year Premium Income (FPI) Of Life Insurance Companies In Nepal [FY 2078/79]

S.N Life Insurance Companies In Nepal First 10 Months, FY 2078/79 (In Rs. Billion)
1 Nepal Life Insurance Co. Ltd. 5.21
2 National Life Insurance Co. Ltd. 3.49
3 Citizen Life Insurance Co. Ltd. 2.19
4 LIC Nepal Ltd. 2.15
5 Sun Nepal Life Insurance Co. Ltd. 2
6 Reliable Nepal Life Insurance Co. Ltd. 1.93
7 Union Life Insurance Co. Ltd. 1.82
8 Asian Life Insurance Co. Ltd. 1.62
9 Surya Life Insurance Co. Ltd. 1.51
10 Jyoti Life Insurance Co. Ltd. 1.4
11 Met Life Alico Co. Ltd. 1.22
12 IME Life Insurance Co. Ltd. 1.04
13 Reliance Life Insurance Co. Ltd. 1.03
14 Prime Life Insurance Co. Ltd. 1.02
15 Sanima Life Insurance Co. Ltd. 0.83
16 Prabhu Life Insurance Co. Ltd. 0.8
17 Rastriya Beema Sansthan Ltd. 0.79
18 Mahalaxmi Life Insurance Co. Ltd. 0.59
19 Gurans Life Insurance Co. Ltd. 0.54
Total 31.26

Source: Beema Samiti


Recommended:

Premium Collection By Life Insurance Companies In Nepal

Premium Collection By Non-Life Insurance Companies In Nepal

Investopaper

Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!