Views Collection

Surveys show that only 10% of the total market has been covered by life insurances. The potential of insurance market is very big and there is a large room of expansion. The concept and importance of life insurance is still vague in the general public and to literate all those public may take some time but the result would be fruitful.

The upcoming life insurance companies include those companies backed by the top leading business houses currently. Khetan Group, Bishal Group, Shanghai Group and Dugar Groups backed companies have already been permitted to operate life insurance here in Nepal. The names of those upcoming life insurance companies are Prime, Gurans, Surya and Asian. Prime, Gurans, belong to Khetan, Dugar respectively and Surya is a joint venture of Bishal Group and Shanghai Group. Whereas the Asian Insurance company belongs to a group of already running finance companies Mahalaxmi Finance, Narayani Finance and National Finance.

Insurance is a very important thing in anyone’s life. The lack of insurance concept among the general public is the only hurdle for these insurance companies in the long run. Some day in future when insurance will be compulsory, then these new insurance companies could do a lot more.