Non-Life Insurers' Investment Exceeds NPR 65 Billion, Bank Deposits Dominate
As of the fourth quarter of fiscal year 2082/83, 14 non-life insurers have invested a total of NPR 65.6189 billion. Bank and financial institution fixed deposits account for 67.55 percent of the total investment.
Kathmandu. According to data published by the Nepal Insurance Authority for the fourth quarter of fiscal year 2082/83, the 14 non-life insurers currently in operation have invested a total of NPR 65.6189 billion across various sectors.
Bank and financial institution fixed deposits account for the largest share of the total investment. Non-life insurers have invested NPR 44.3262 billion in fixed deposits alone, which is 67.55 percent of the total investment.
In fixed deposits, NPR 38.8456 billion has been invested in commercial banks, NPR 4.1473 billion in development banks, and NPR 1.3332 billion in finance companies.
Other investment areas are as follows:
- Government savings bonds and debentures: NPR 1.1073 billion
- Shares of listed public companies: NPR 5.2363 billion
- Preference shares, bonds, debentures, and debt instruments of banks and financial institutions: NPR 5.6939 billion
- Bonds, debentures, and debt instruments of listed public companies: NPR 2.1658 billion
- Citizen Investment Trust and mutual funds: NPR 1.8933 billion
- Shares of investment companies: NPR 347.3 million
- Other promoter shares: NPR 1.368 billion
- Shares of unlisted public companies: NPR 80.3 million
Similarly, non-life insurers have invested NPR 1.36 billion in agriculture production and distribution, cold storage facilities, tourism industry, hydropower, solar energy and other renewable energy projects, cable cars, roads, electricity transmission lines, education, and health sectors, and NPR 2.0397 billion in other sectors.
Which company invested how much?