Nepal, Nov. 12 -- Nepali life insurance companies collected Rs 13.92 billion in premiums from the sale of insurance policies in the first three months of the current Fiscal Year (FY), marking a 39.89 percent increase compared to the same period last FY.

The premium collection was among the highest recorded in a first quarter. According to the Nepal Insurance Authority (NIA), premiums collected between mid-July and mid-October this year amounted to 96.33 percent of the total premiums collected during the corresponding periods of the past four years.

The NIA reported that 14 life insurance companies collected Rs 12.75 billion in first premiums. Additionally, three micro-life insurance companies collected Rs 300 million, while the Foreign...