July 21, 2021 | Investopaper
National Life Insurance Company Limited (NLICL) has collected a total premium of Rs 12.16 billion in the fiscal year 2077/78. Likewise, the First Premium Income (FPI) has reached over Rs 4 billion.
On the basis of FPI, National Life Insurance has surpassed LIC Nepal to occupy the second spot among the life insurance companies of Nepal.
According to the Insurance Board, LIC Nepal is in the third place with the first premium income of Rs 3.55 billion and Union Life Insurance is in the fourth place with Rs 3.19 billion.
In FY 2077/78, NLICL has managed to collect more than 70 percent of the first premium as compared to the previous fiscal year.
Nepal Life Insurance Company, the largest life insurance company in Nepal, earned a total of Rs 32.84 billion in premiums in the last fiscal year, according to the Insurance Board.