Tag: competing

  • Till the eighth month of FY 79/80, life insurance companies collected an impressive premium of Rs. 93.75 Arba.

    Till the eighth month of FY 79/80, life insurance companies collected an impressive premium of Rs. 93.75 Arba.


    Insurance companies are competing with one another to collect more premiums. Out of its 1.4 crore total active insurance policies, life insurance companies collected a total premium of Rs. 93.75 Arba during the fiscal year 2079/80.

    According to a report published by the Nepal Insurance Authority, Nepal Life Insurance Company Limited collected Rs. 24.37 Arba on its own, with 978,626 active insurance policies as of Falgun, 2079.

     

  • Mahalaxmi Life Insurance observes its 4th anniversary

    Mahalaxmi Life Insurance observes its 4th anniversary


     

    Mahalaxmi Life Insurance observed its 4th anniversary on Magh 27, 2079 where the company is the youngest in the insurance sector has gone through a lot of ups and downs.

    The company has increased its paid-up capital by 50%, reserve by 60.7%, life insurance fund by 56.4%, investment portfolio by 29.5%, claim settlement by 38%, and profit by 35.4% by Poush end, 2079 when compared to the same period last year, as per the media statement.