Nepal Insurance Sector Sees Rs 11.5 Billion Paid-Up Capital Increase in One Year

In the past year, life and non-life insurance companies in Nepal have increased their paid-up capital by Rs 11.56 billion, according to the Nepal Insurance Authority. Shareholders contributed through bonus and right shares, with life insurers accounting for Rs 10.01 billion and non-life insurers Rs 1.55 billion. The growth in paid-up capital reflects regulatory minimums of Rs 5 billion for life insurers, Rs 2.5 billion for non-life insurers, and Rs 750 million for micro insurers. The life insurance sector has shown a more significant increase, with paid-up capital rising by 16.66% from Rs 60.08 billion to Rs 70.09 billion over the last fiscal year. Non-life insurers saw a 5.58% increase from Rs 27.8 billion to Rs 29.35 billion, reflecting the comparatively smaller size of non-life insurers versus life insurers in the market. These capital increases indicate ongoing regulatory compliance and sector growth in Nepal's insurance industry.