Nepal’s insurance sector collected more than Rs 1.2 trillion in premiums during the first six months of the fiscal year

Nepal’s insurance sector collected more than Rs 1.2 trillion in premiums during the first six months of the fiscal year, with life insurance accounting for nearly 80 percent of the total. Life insurers generated Rs 964.64 billion, while non-life insurers collected Rs 243.02 billion. Bagmati Province led both segments, followed by Lumbini and Koshi. Karnali and Sudur Paschim recorded the lowest contributions. The industry currently includes 14 life insurers, three micro-life insurers, 14 non-life insurers, and four micro non-life insurers, indicating steady sector expansion.