Nepal Life - Then & Now

Transcription

1 AN OVERVIEW

2 Nepal Life - Then & Now Share Capital Investment Life Fund Premium Income No. of Policies No. of Active Agents Year 2001 B.S. 2058* Year 2014 B.S # 20 Crores Crores 18 Crores 1,834 Crores 0.81 Crores 1,725 Crores 1.1 Crores 2181 Crores ,55, ,865 * As on 2058, Ashad End # As on 2071, Ashad End (July 2014) Note: 1 Crore = 10 Million

3 CRORES 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. 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/ TPI FPI * As on end of Asad 2071 (July 2014) Note: 1 Crore = 10 Million

4 A Journey of Growth 2,500 Investment 2,000 1,834 Sound 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 ,500 1, ,440 1, Life Fund 2,000 1,725 Life 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 ,500 1, ,374 * As on end of Asad 2071 (July 2014) Note: 1 Crore = 10 Million

5 A Journey of Growth 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 % 31% 29% 27% 25% 23% 21% 19% 17% 17% 18% 20% 23% 22% 24% 31% 25% 15% Market Share (FPI) 45% 40% 41% Nepal Life s market share has been growing sharply over the past few years. 35% 33% Nepal Life presently has the highest market share of 41% based on it s FPI as on end of Asad % 25% 20% 23% 19% 26% * As on end of Asad 2071 (July 2014) 15% 2066/ / / / /71

6 A Journey of Growth Total No. of Policies Nepal 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. Foreign Employment, 806,596 No. of Policies Conventional, 595,238 Total No. of Death Claims Nepal 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. Foreign Employment 608 Death Claims Conventional 2,373 As on end of Asad 2071 (July 2014) Note: 1 Crore = 10 Million

7 A Journey of Growth Total Premium Nepal 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). Foreign Employment, 180 Total Premium Income in Crores (Till End of Asad 2070) Conventional, 2,001 Total Claims Out 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. Death Claims in Lakhs Foreign Employment, 39 Conventional, 34 As on end of Asad 2071 (July 2014) Note: 1 Crore = 10 Million

8 Comparative Market Share (TPI & FPI) Market Share - TPI Market Share - FPI 9th Company 2% 8th Company 3% 7th Company 3% Nepal Life Insurance 31% 9th Company 3% 8th Company 3% Nepal Life Insurance 41% 6th Company 7% 7th Company 1% 5th Company 7% 4th Company 10% 3rd Company 14% 2nd Company 23% 6th Company 9% 5th Company 5% 4th Company 5% 3rd Company 13% 2nd Company 20% Market share of Fiscal Year 2070/71 as on end of Asad 2071 (July 2014)

9 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 Nepal Life 2nd Company 3rd Company 4th Company 5th Company 6th Company 7th Company 8th Company Max Min 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)

10 Bonus Growth and Shareholder s Return Bonus Rate Minimum Rate Maximum Rate The 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 per thousand per annum Dividend Nepal Life provided a handsome dividend of 98.5% (70% bonus shares & 28.5% cash) to it s shareholders in the fiscal year 2069/70. 70% Bonus Shares % Cash Dividend

11 Investment Portfolio 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. Commercial Banks 65.6% Mutual Fund 0.1% Government Bond 11.3% Policy Loan 7.9% Staff Loan 0.3% Agent Loan 1.4% Ordinary Shares 4.4% Call Accounts 4.7% Debentures 4.5% As on end of Asad 2071 (July 2014)

12 Business Overview Segmentwise FPI Jiwan Jyoti, 7% Child Endowment, 9% Endowment Assurance, 10% Anticipated 20 Yrs, 4% Others, 3% Jeewan Sahara, 11% Anticipated 15 Yrs, 56% As on Asad End 2071 (July 2014)

13 Contributing to Nation Building GDP Contribution of Nepal Life 0.35% 0.30% 0.29% 0.25% 0.21% 0.23% 0.20% 0.17% 0.17% 0.15% 0.10% 0.06% 0.08% 0.09% 0.11% 0.12% 0.14% 0.05% 0.04% 0.00% 059/60 060/61 061/62 062/63 063/ As on Asad End 2071 (July 2014)

14 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").

15 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.

16 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.

17 Product Portfolio 1. Naulo Dhanabarsha Entry age from 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. 2. Child Education Plan 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

18 Product Portfolio 3. Jeevan Jyoti 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. 4. NLIC Term Life Plan 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. 5. Jeevan Laxmi 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. 6. Group Plan 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.

19 Product Portfolio 7. Jeevan Sahara 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. 8. Keta Keti Jeevan Beema 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. 9. Jeevan Sarathi 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.

20 Product Portfolio 10. Jeevan Sambridhhi 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. 11. Foreign Employment Term Insurance 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. 12. Group Plan 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.

21 Photo Feature Branch Managers Conference 2014 Agency Felicitation Program 2014 Blood Donation Program Participation in Kantipur Marathon Participation in Corporate Futsal

22 Nationwide Reach Kathmandu Valley Kathmandu Bhaktapur Patan Legend Head office Branches Sub-branches Offices Sales centers Reach Region Phone Number Kathmandu , Biratnagar , Birgunj , , Butwal , Pokhara , Banepa , Narayanghat , , Nepalgunj , Birtamod Lahan Janakpur , Mahendranagar , Region Phone Number Dang , Hetauda , Surkhet , Phidim Urlabari Dhangadi , Lalitpur , Nuwakot , Naxal , , Chandraniga hapur , Region Phone Number Dhangadi , Lalitpur , Nuwakot , Naxal , , Dharan Palpa Tinkune , Gaur Balaju ,

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24 Post Box No , Heritage Plaza, Kamaladi, Kathmandu Phone: / 83 Fax: info@nepallife.com.np URL: Facebook: