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TRANSCRIPT
AN OVERVIEW
Nepal Life - Then & Now
1,834 Crores
20 CroresShare Capital 108.37 Crores
18 CroresInvestment
Year 2001 B.S. 2058* Year 2014 B.S. 2071#
1,725 Crores0.81 CroresLife Fund
2181 Crores1.1 CroresPremium Income
* As on 2058, Ashad End # As on 2071, Ashad End (July 2014)
14,55,5931415No. of Policies
10,865313No. of Active Agents
Note: 1 Crore = 10 Million
A Journey of Growth
First Premium Income(In NPR Crores)
First premium income is the total income generated through new business within the mentioned period.
Nepal Life achieved a FPI of NPR 271 Crores in the fiscal year 2070/71.
* As on end of Asad 2071 (July 2014)
Total Premium Income(In NPR Crores)
Total premium income is the accumulated premium income of the mentioned period.
Nepal Life achieved a TPI of NPR 568 Crores in the fiscal year 2070/71.
1 8 11 16
17 15 23
27 47
78
74
123 148
FPI - 271
1 919
3347
5877
96
135
198
232
320
390
TPI - 568
-
50
100
150
200
250
300
350
400
450
500
550
600
650
CR
OR
ES
Note: 1 Crore = 10 Million
* As on end of Asad 2071 (July 2014)
InvestmentSound investments by Nepal Life has been giving good profits which further has provided good returns to the insured & shareholders in terms of bonus and dividend respectively.
Presently Nepal Life has an investment of NPR 1,834 Crores as on end of Asad 2071.
Life FundLife Fund is the excess revenue income over revenue expenditure for an insurance company. Higher Life Fund signifies better financial robustness of the company.
Presently total life fund of Nepal Life stands at NPR 1,725 Crores as on end of Asad 2071.
18 28 57 83 107 158 229 276
386 549
883
1,123
1,440
1,834
-
500
1,000
1,500
2,000
2,500
1 8 22 49 88 132 197
276 393
553
765
978
1,374
1,725
-
500
1,000
1,500
2,000
A Journey of Growth
Note: 1 Crore = 10 Million
Market Share (FPI)Nepal Life’s market share has been growing sharply over the past few years.
Nepal Life presently has the highest market share of 41% based on it’s FPI as on end of Asad 2071.
* As on end of Asad 2071 (July 2014)
23%
19%
26%
33%
41%
15%
20%
25%
30%
35%
40%
45%
2066/67 2067/68 2068/69 2069/70 2070/71
Market Share (TPI)Nepal Life’s market share has been growing sharply over the past few years.
Presently Nepal Life has attained the highest market share of 31% on the basis of TPI as on end of Asad 2071.
17%18%
20%
23% 22%
24%25%
31%
15%
17%
19%
21%
23%
25%
27%
29%
31%
33%
A Journey of Growth
As on end of Asad 2071 (July 2014)
Total No. of PoliciesNepal Life has issued a total of almost 6 lakhs conventional and more than 8 lakhs foreign employment policies till date totaling to more than 14 lakh life insurance polices till date.
Conventional, 595,238Foreign
Employment, 806,596
No. of Policies
Conventional2,373
Foreign Employment608
Death Claims
Total No. of Death ClaimsNepal Life has issued a total of 608 claims of Foreign Employment Policies and 2373 claims of Conventional Policies till date.The number of claims as compared to the number of policies issued is very less thus signifying stringent underwriting process ensuring good quality of business.
A Journey of Growth
Note: 1 Crore = 10 Million
A Journey of Growth
As on end of Asad 2071 (July 2014)
Total ClaimsOut of more than 14 lakh policies amounting to 2,181 Crores, Nepal Life has issued death claims of around 73 Crores till date out of which 39 Crores is of Foreign Employment Policies and 34 Crores is of Conventional Policies.
Total PremiumNepal Life has collected a total of 180 crores from foreign employment policies and 2001 crores from conventional policies till date from more than 14 lakh (conventional and foreign employment).
Conventional, 2,001
Foreign Employment,
180
Total Premium Income in Crores
(Till End of Asad 2070)
Conventional, 34
Foreign Employment,
39
Death Claims in Lakhs
Note: 1 Crore = 10 Million
Comparative Market Share (TPI & FPI)
Market Share - FPIMarket Share - TPI
Market share of Fiscal Year 2070/71 as on end of Asad 2071 (July 2014)
Nepal Life Insurance41%
2nd Company20%
3rd Company13%
4th Company5%
5th Company5%
6th Company9%
7th Company1%
8th Company3%
9th Company3%
Nepal Life Insurance31%
2nd Company23%
3rd Company14%
4th Company10%
5th Company7%
6th Company7%
7th Company3%
8th Company3%
9th Company2%
Comparative Bonus
Nepal Life has been able to provide a bonus rate* of minimum NPR. 62 to maximum NPR. 82, which is the highest in the market. Apart from that a minimum of NPR. 65 is again the highest among all the companies for endowment policies.
Nepal Life has been providing the best returns to it’s policy holders by maintaining the highest bonus rate in the market since past few years.
Bonus rates mentioned are the declared bonus rates up to end of fiscal year 2069/70 per annum per thousand sum assured. (Source: as per published in national dailies)
Nepal Life 2nd Company 3rd Company 4th Company 5th Company 6th Company 7th Company 8th Company
Max 82 75 75 60 50 50 45 35
Min 62 61 61 31 32 25 30 35
62 61 61
31 3225 30 35
8275 75
6050
50 45 35
Bonus Growth and Shareholder’s Return
70% Bonus Shares + 28.5% Cash Dividend
Bonus RateThe trend signifies the growth of Bonus rate of Nepal Life over the past 12 years. Nepal Life has been able to provide the highest bonus rate to the insured, marked presently at NPR. 62 –82 per thousand per annum.
37 37 37
50 50 50
56 56 5660 60
62 62
44 44 44
50 50 50
71 71 71
80 8082 82
30
40
50
60
70
80
90Minimum Rate
Maximum Rate
DividendNepal Life provided a handsome dividend of 98.5% (70% bonus shares & 28.5% cash) to it’s shareholders in the fiscal year 2069/70.
Investment Portfolio
Mutual Fund0.1%
Staff Loan0.3%
Agent Loan1.4%
Ordinary Shares4.4%
Debentures4.5%
Call Accounts4.7%
Policy Loan7.9%
Government Bond11.3%
Commercial Banks65.6%
Major portion of the investments have been done in commercial banks amounting to 65.6% of the total investment. The graph below gives a clear picture of the investments made in various sectors as per the guidelines of the regulatory body Beema Samiti.
As on end of Asad 2071 (July 2014)
Business Overview
Segmentwise FPI
As on Asad End 2071 (July 2014)
Others, 3%
Anticipated 20 Yrs, 4%
Jiwan Jyoti, 7%Child Endowment, 9%
Endowment Assurance, 10%
Jeewan Sahara, 11%
Anticipated 15 Yrs, 56%
Contributing to Nation Building
GDP Contribution of Nepal Life
0.04%
0.06%
0.08%0.09%
0.11%0.12%
0.14%
0.17%0.17%
0.21%
0.23%
0.29%
0.00%
0.05%
0.10%
0.15%
0.20%
0.25%
0.30%
0.35%
059/60 060/61 061/62 062/63 063/64 064-65 065-66 066-67 067-68 068-69 069-70 070-71
As on Asad End 2071 (July 2014)
Sound Re-Insurance Support
Hannover Re, with a gross premium of around EUR 13.8 billion, is the third-largest reinsurer in the world.It transacts all lines of non-life and life and health reinsurance and is present on all continents with around 2,300 staff.The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior").
Nepal Life City Center - A Sound Investment
Nepal Life City Center, situated at Kamalpokhari, is the very first modern mall in Kathmandu. A unique creation and a sound investment by Nepal Life which contributes to the profit of the company thus helping to provide better bonus to the insured and dividend to the shareholders.
Winner of New Biz Award 2013 & 2014
Nepal Life Insurance was able to win the prestigious “Best Managed Life Insurance Company of the Year” award two years in a row, in the year 2013 and 2014, at the New Biz Awards being organized by New Business Age, a leading business publication of Nepal.
Product Portfolio
• Entry age from 18 – 60 years
• Premium payment to be done for only a certain period and policy to continue even after that till end of term.
• S.A. is reimbursed to the policy holder in four installments within the term of policy and total bonus amount is paid during the maturity of policy.
• Loan facility available immediately after 1 yr of policy enforcement.
• In case of death of an insured by any cause, the sum assured with an earned bonus payable without reducing the previously paid amount.
1. Naulo Dhanabarsha
• Entry Age - From birth till 18 yrs
• One policy, double risk coverage (Proposer & Child)
• Maturity amount received can be utilized for child's education
• In case of death of the proposer, regular fixed income will be provided to the child to ensure the child's education till maturity
• Loan facility available after 1 year of policy enforcement
2. Child Education Plan
Product Portfolio
• Unique Endowment product which allows flexible payment terms of One time, 5yrs, 10 yrs, 15 yrs.
• Premium Paying Terms is less than 5 yrs than Policy Term for other than single premium policy.
• Risk coverage for whole term.
• Guarantees the lowest premium.
3. Jeevan Jyoti
• Makes provision for the family of the insured in case of an early death during the policy term.
• S.A. is not available after the maturity as it covers risk in a very low premium.
4. NLIC Term Life Plan
• Triple Benefit Plan.
• On the maturity : Sum assured with bonus is paid.
• On untimely demise before maturity of the term
• normal death: double the S.A. with bonus is paid.
• Accidental death : Triple the S.A. with bonus is paid.
5. Jeevan Laxmi
• Enables employers to get their employees insured at very low cost.
• The risk coverage is given up at the time of retirement.
• Makes possible reach of insurance to the large scale of an eligible citizens.
6. Group Plan
Product Portfolio
• Composition of endowment and whole Life policy.
• Sum assured with bonus is paid after maturity and sum assured is paid again after the death of the life assured.
• In case of death of assured before maturity, sum assured with bonus is payable.
7. Jeevan Sahara
• Significant help for the better education , marriage and successful life of the children.
• PWB facility can be availed incase of purposer's untimely death.
• A tool to insure a child’s life.
8. Keta Keti Jeevan Beema
• Joint Life Policy for a couple.
• Both lives are covered with a policy.
• In case of death of any one spouse, bonus is payable to the alive spouse and remaining premium waived.
• In case of death of survivor before maturity, sum assured with bonus is payable to the nominee.
• Upon the maturity of policy, S.A with bonus paid to alive insured.
9. Jeevan Sarathi
Product Portfolio
• Risk coverage for whole term on a limited payment period.
• S.A. is paid in three installment within the term of policy and bonus is paid after the maturity of policy.
• After the 3 yrs of premium payment, surrendered amount and loan can be received.
• In case of death of an insured by any cause, the sum assured with an earned bonus payable without reducing the previously paid amount.
10. Jeevan Sambridhhi
• Specially designed for foreign employed workers.
• Single time premium payment.
• Includes body repatriation and even loss of income along with life risk coverage.
• S.A. is paid if insured dies within the policy terms once left the country for works.
• Guarantees the lowest premium.
11. Foreign Employment Term Insurance
•Enables employers to get their employees insured at very low cost.
•The risk coverage is given up at the time of retirement.
•Makes possible reach of insurance to the large scale of an eligible citizens.
12. Group Plan
Photo Feature
Branch Managers Conference 2014 Agency Felicitation Program 2014
Blood Donation Program Participation in Kantipur Marathon Participation in Corporate Futsal
Legend
Head office
Branches
Sub-branches
Offices
Sales centers
Reach
Nationwide Reach
Kathmandu Valley
Patan
Bhaktapur
Kathmandu
Region Phone Number
Kathmandu 01-4169218, 4169130
Biratnagar 021-528207, 537832
Birgunj 051-520712, 520743, 525570
Butwal 071-547922, 550329
Pokhara 061-536322, 541122
Banepa 011-663403, 660532
Narayanghat056-571939, 570560,
572072
Nepalgunj 081-525683, 527432
Birtamod 023-542717
Lahan 033-561738
Janakpur 041-525100, 528408
Mahendranagar 099-524797, 520797
Region Phone Number
Dang 082-562761, 563389
Hetauda 057-526050, 526792
Surkhet 083-524490, 524156
Phidim 024-520279
Urlabari 021-541971
Dhangadi 091-527070, 526088
Lalitpur 01-5520684, 5546317
Nuwakot 010-561712, 561713
Naxal 01-4435299, 4437940, 4434943
Chandranigahapur
055-540735, 540792
Region Phone Number
Dhangadi 091-527070, 526088
Lalitpur 01-5520684, 5546317
Nuwakot 010-561712, 561713
Naxal 01-4435299, 4437940, 4434943
Dharan 025-530637
Palpa 075-520934
Tinkune 01-4112344, 2001131
Gaur 055-521393
Balaju 01-4385056, 4390235
Post Box No. 11030, Heritage Plaza, Kamaladi, Kathmandu | Phone: +977-1-4169082 / 83 | Fax: +977-1-4169079Email: [email protected]: www.nepallife.com.np | Facebook: www.facebook.com/Nepallife.Insurance