Life Insurance Coverage in Nepal Reaches Record 47.39% Despite Surge in Policy Surrenders

News of Insurance — The Nepal Insurance Authority (NIA) has reported that life insurance coverage in the country has reached a record-high penetration rate of 47.39 percent of the population as of mid-May, marking a significant rebound despite a continued rise in policy surrenders. According to the latest NIA report, this figure represents a 2.75…