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According to the Insurance Act 2079, the insurance nature of the business is not considered to be registered    

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Monthly Insurance Business Statistics

Indicators Baisakh,2081
(as on Mid May 2024)
Jestha,2081
(as on Mid June 2024)
Life insurance policies issued (No. in thousand) 5,545 6000

Micro life insurance policies issued (No. in thousand)

2,281 2536
Non-life insurance policies issued (No. in thousand) 2,479 2713
Micro non-life insurance policies issued (No. in thousand) 103 124
Inforce life insurance policies (No. in thousand) 13,955 14090
Inforce conventional life insurance policies (No. in thousand) 5,578 5700
Inforce term life insurance policies (No. in thousand) 6,306 6322
Inforce foreign employment term life insurance policies (No. in thousand) 2070 2068
Gross Premium Collection (Rs. in billion) 154.53 170.33
Life insurance gross premium collection (Rs. in billion) 121.46 133.76
First premium (Rs. in billion) 24.34 27.70
Renewal premium (Rs. in billion) 97.13 106.06
Micro insurance premium (Rs. in billion) 2.34 2.48
Foreign employment premium (Rs. in billion) 2.58 2.88
Non-life insurance gross premium (Rs. in billion) 33.07 36.57
Micro Non-life insurance premium (Rs. in billion)
0.21 0.26
Insurance coverage (Conventional + Term + Foreign Employment life insurance Policies) % 43.56 43.95
Insurance coverage (Conventional + Term life insurance Policies) % 36.81 37.21
Insurance coverage (Conventional life insurance Policies) % 17.28 17.64
Total no. of branch offices (Life+Non-life+Micro) 2,953 2,972
Branch office of life insurers 1775 1776
Branch office of micro life insurers 56 56
Branch offices of nonlife insurers 1036 1043
Branch office of micro nonlife insurers 86 97
Total no. of employees (Life+Non-life+Micro) 11,658 11,674
No. of employee of life insurers 5,679 5661
No. of employee of micro life insurers 159 164
No. of employee of non-life insurers 5,564 5572
No. of employee of micro nonlife insurers 256 277

Updated at :