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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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Key Indicator of Insurance Sectors

Indicator Sub Indicators F.Y. 2021/22 F.Y. 2022/23 Changes %
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Gross Premium Collection
Life Insurance Rs 138.64 billion Rs 142.57 billion 2.83
Non Life Insurance Rs 39.17 billion Rs 40.34 billion 2.99
Total Rs 177.81 billion Rs 182.91 billion 2.87
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Population % Covered By Life Insurance
Excluding FE Policies 38.44 % 39.03 % 1.53
Including FE Policies 41.39 % 44.38 % 7.22
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Insurance Penetration (Percentage of Gross Premium to GDP)
Life Insurance 2.81% 2.65 %
-5.69
Non Life Insurance 0.79 % 0.75 %
-5.06
Total Rs 3.60 % Rs 3.40 %
-5.56
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Insurance Density
Life Insurance Rs 4594.83 Per Capita Rs 4683.26 per Capita 1.92
Non Life Insurance Rs 1298.97 per Capita Rs 1325.01 Per Capita 2
Total Rs 5,893.80 per Capita Rs 6,008.27 per Capita 1.94
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Total Investment
Life Insurance Rs 473.16 billion Rs 569.16 billion 20.29
Non Life Insurance Rs 54.20 billion Rs 59.79 billion 10.31
Total Rs 527.36 billion Rs 628.95 billion 19.26
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Life Insurance Claim
Nos. of Gross Claim Paid 240968 162524
-32.55
Amt. of Gross Claim Paid Rs 52.54 billion Rs 58.98 billion 12.26
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Non-Life Insurance Claim
Nos. of Gross Claim Paid 147519 162524 10.17
Amt. of Gross Claim Paid Rs 19.07 billion Rs 23.52 billion 23.34
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Direct Employment
Direct Employment 12031 persons 11496 persons
-4.45
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Insurance Agents
Insurance Agents 296403 277626
-6.33
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Surveyors
Surveyors 1240 persons 1217 persons
-1.85
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Paid Up Capital
Life Insurance Rs 43.89 billion Rs 52.16 billion 18.84
Non Life Insurance Rs 22.80 billion Rs 26.06 billion 14.3
Total Rs 66.69 billion Rs 78.22 billion 17.29

Number of insurer

Our network of insurers opens up a world of possibilities

14

Life Insurance

14

Non Life Insurance

2

Re Insurance

7

Micro Insurance

37

Total Insurer
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Shudurpaschim Province
183
Life
72
Non-Life
Lumbini Province
299
Life
171
Non-Life
Madhesh Province
222
Life
127
Non-Life
Koshi Province
325
Life
173
Non-Life
Bagmati Province
431
Life
300
Non-Life
Gandaki Province
210
Life
140
Non-Life
Karnali Province
119
Life
48
Non-Life

1

Insurance Institute

14

Insurance Brokers (Nos.)