The business of insurance companies, which was affected by the decline in economic activities, has started to improve. The business of life and non-life insurance companies, which had declined in the initial months of the current fiscal year, has shown improvement by mid-December.

According to the data of Nepal Insurance Authority, by mid-December, life insurance companies collected a total of Rs 12.31 billion from first insurance fee and renewal fee. By mid-October, they had collected Rs 8.63 billion in insurance fees. Similarly, by mid-December of the current fiscal year, they collected a total of Rs 61.74 billion in insurance fees.

In mid-November to mid-December, the life insurance companies did business worth Rs 2.34 billion. For this, they sold 433000 new insurance policies.

The business of non-life insurance companies also seems to have increased by around Rs 700 million.