Insurance industry in Nepal to grow 3 times by 2020

reogma|Insurance industry in Nepal to grow 3 times by 2020

Almost 90% of the total population in Nepal is living without an insurance policy despite the existence of insurance companies for almost half a century. The penetration of insurance is just 1.31% of the GDP.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Trends
  • Industry Challenges
  • Regulatory Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Distribution Chain Analysis
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Appendix

Definition / Scope

Insurance is generally known as the transfer of risk from individual to the insurance companies in lieu of a premium amount. In Nepal, there are two types of insurance companies – Life Insurance and Non-life Insurance companies.

Life insurers have been selling policies like whole life policy, money back plans, endowment policy, accident and health related policies, children insurance plans and policies, etc.

Whereas, non-life insurers are selling products like Fire Insurance, Health and Medical Insurance, Marine Insurance, Group Accidental Insurance, Aviation Insurance and Miscellaneous Insurance. Insurance companies can use their funds consisting of premiums, reserves, and capitals to finance claim payments and other expenses.

The remaining fund is invested as per the Investment Directive of Insurance Board.


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Almost 90% of the total population in Nepal is living without an insurance policy despite the existence of insurance companies for almost half a century. The penetration of insurance is just 1.31% of the GDP. Definition / Scope Market Overview Market Risks Top Market Opportunities Market Trends Industry Challenges Regulatory […]
reogma|Insurance industry in Nepal to grow 3 times by 2020reogma|Insurance industry in Nepal to grow 3 times by 2020

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