Life insurers collect Rs 13.92 billion in Q1, up 39.89% from previous year

The Nepal Insurance Authority reported that life insurers collected Rs 13.92 billion in premiums during the first quarter of the current fiscal year, which runs from July 2025 to June 2026. This figure marks a 39.89 percent increase over the same three‑month period in the previous fiscal year, when premiums were lower. The rise reflects a broader trend of double‑digit growth in the sector over the past six months, as indicated by the authority’s data. In total, 14 life insurance companies contributed Rs 12.75 billion in first‑premium collections for the quarter. The authority’s records show that first‑premium amounts have fluctuated over the last four fiscal years: Rs 7.09 billion in FY 2022/23, Rs 6.71 billion in FY 2023/24, Rs 7.53 billion in FY 2024/25, and Rs 9.95 billion in the first quarter of FY 2025/26. These numbers illustrate a steady upward trajectory in early‑year premium inflows. The growth in premium collection aligns with the sector’s overall expansion, with insurers reporting double‑digit increases in business across six months. The Nepal Insurance Authority highlighted that the current premium level is among the highest recorded for a first quarter, underscoring the strengthening demand for life insurance products in the market. The authority also referenced the Foreign Employment Term Life Insurance Pool as part of the broader insurance landscape, though specific figures for that pool were not disclosed in the report. Overall, the data suggest that life insurers are benefitting from heightened consumer interest and possibly improved distribution channels, contributing to the sector’s robust performance in the early part of FY 2025/26.