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'content' => '<p>July 6: The combined life insurance fund of life insurance companies operating in Nepal has increased by 23.65 percent in the third quarter of the current fiscal year compared to the corresponding period of last fiscal year. The financial reports of the third quarter published by the insurance companies show that the fund has amounted to Rs 1,278 billion by mid-April. The amount was Rs 1,034 billion in the same period of last FY.</p>
<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
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<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
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<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
<p>According to CEO Jha, a rise of 28.96 percent in Nepal Life Insurance Company’s fund compared to the last year indicates an increase in its business. </p>
<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
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<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
<p>According to CEO Jha, a rise of 28.96 percent in Nepal Life Insurance Company’s fund compared to the last year indicates an increase in its business. </p>
<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
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<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
<p>According to CEO Jha, a rise of 28.96 percent in Nepal Life Insurance Company’s fund compared to the last year indicates an increase in its business. </p>
<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
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<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
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<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
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<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
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<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
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<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
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<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
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<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
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<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
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July 6: The combined life insurance fund of life insurance companies operating in Nepal has increased by 23.65 percent in the third quarter of the current fiscal year compared to the corresponding period of last fiscal year. The financial reports of the third quarter published by the insurance companies show that the fund has amounted to Rs 1,278 billion by mid-April. The amount was Rs 1,034 billion in the same period of last FY.
The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.
Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount.
“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.
“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.
According to CEO Jha, a rise of 28.96 percent in Nepal Life Insurance Company’s fund compared to the last year indicates an increase in its business.
Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.
On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.
Other companies to record gains are Gurans Life Insurance Company (40.92 %), Prime Life Insurance (35.91 %), Asian Life Insurance (30.40 %), Life Insurance Corporation Nepal (29.70 %), National Life Insurance (18.80 %) and MetLife Insurance (15.12 %).
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<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
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<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
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<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
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'summary' => 'The combined life insurance fund of life insurance companies operating in Nepal has increased by 23.65 percent in the third quarter of the current fiscal year compared to the corresponding period of last fiscal year. ',
'content' => '<p>July 6: The combined life insurance fund of life insurance companies operating in Nepal has increased by 23.65 percent in the third quarter of the current fiscal year compared to the corresponding period of last fiscal year. The financial reports of the third quarter published by the insurance companies show that the fund has amounted to Rs 1,278 billion by mid-April. The amount was Rs 1,034 billion in the same period of last FY.</p>
<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
<p>According to CEO Jha, a rise of 28.96 percent in Nepal Life Insurance Company’s fund compared to the last year indicates an increase in its business. </p>
<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
<p>Other companies to record gains are Gurans Life Insurance Company (40.92 %), Prime Life Insurance (35.91 %), Asian Life Insurance (30.40 %), Life Insurance Corporation Nepal (29.70 %), National Life Insurance (18.80 %) and MetLife Insurance (15.12 %).</p>
<p> </p>
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'summary' => 'The combined life insurance fund of life insurance companies operating in Nepal has increased by 23.65 percent in the third quarter of the current fiscal year compared to the corresponding period of last fiscal year. ',
'content' => '<p>July 6: The combined life insurance fund of life insurance companies operating in Nepal has increased by 23.65 percent in the third quarter of the current fiscal year compared to the corresponding period of last fiscal year. The financial reports of the third quarter published by the insurance companies show that the fund has amounted to Rs 1,278 billion by mid-April. The amount was Rs 1,034 billion in the same period of last FY.</p>
<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
<p>According to CEO Jha, a rise of 28.96 percent in Nepal Life Insurance Company’s fund compared to the last year indicates an increase in its business. </p>
<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
<p>Other companies to record gains are Gurans Life Insurance Company (40.92 %), Prime Life Insurance (35.91 %), Asian Life Insurance (30.40 %), Life Insurance Corporation Nepal (29.70 %), National Life Insurance (18.80 %) and MetLife Insurance (15.12 %).</p>
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'content' => '<p>July 6: The combined life insurance fund of life insurance companies operating in Nepal has increased by 23.65 percent in the third quarter of the current fiscal year compared to the corresponding period of last fiscal year. The financial reports of the third quarter published by the insurance companies show that the fund has amounted to Rs 1,278 billion by mid-April. The amount was Rs 1,034 billion in the same period of last FY.</p>
<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
<p>According to CEO Jha, a rise of 28.96 percent in Nepal Life Insurance Company’s fund compared to the last year indicates an increase in its business. </p>
<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
<p>Other companies to record gains are Gurans Life Insurance Company (40.92 %), Prime Life Insurance (35.91 %), Asian Life Insurance (30.40 %), Life Insurance Corporation Nepal (29.70 %), National Life Insurance (18.80 %) and MetLife Insurance (15.12 %).</p>
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<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
<p>According to CEO Jha, a rise of 28.96 percent in Nepal Life Insurance Company’s fund compared to the last year indicates an increase in its business. </p>
<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
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<p>The life insurance companies have been generating more income of late with the rise in the number of people purchasing insurance policy. As a result, the life insurance fund has also increased, say informed sources.</p>
<p>Vice President of Nepal Insurers’ Association and CEO of Nepal Life Insurance Company Bivek Jha says that the premium collected from policyholders is not their actual income as they have obligation to refund the amount. </p>
<p>“Insurance companies have to refund the amount to the policyholders after the agreed period of time. And there is also risk of paying the amount if any of the insured person dies,” says Jha.</p>
<p>“If our cost incurred is less than the premium that we collect then only the amount goes to the life insurance fund. In such case, 90 percent of the amount goes to the life insurance fund. The remaining 10 percent would amount to either profit or loss but generally it is profit,” he added.</p>
<p>According to CEO Jha, a rise of 28.96 percent in Nepal Life Insurance Company’s fund compared to the last year indicates an increase in its business. </p>
<p>Likewise, during the same period, Surya Life Insurance Company recorded a 50.70 percent rise in its life insurance fund. The company had been able to add the amount to its fund after deducting its operating cost.</p>
<p>On the other hand, National Insurance Company’s fund incurred a loss of 2.74 percent.</p>
<p>Other companies to record gains are Gurans Life Insurance Company (40.92 %), Prime Life Insurance (35.91 %), Asian Life Insurance (30.40 %), Life Insurance Corporation Nepal (29.70 %), National Life Insurance (18.80 %) and MetLife Insurance (15.12 %).</p>
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