The given bar graph compares the number of insurance policies issued by insurance companies in terms of life and non-life insurance between 2015 and 2019 in Nepal.
Overall, there is a noticeable increase in the number of policies over the years. Moreover, life insurance had the highest figure while non-life was the lowest.
Looking first at 2015, the number of policies issued by life insurance was 1,200,000, and it registered 1,080,000 in terms of non-life insurance. In 2016, the life insurance figure increased to 1,330,000 policies, while the non-life figure rose to 1,400,000, then it maintained an increase until it reached 1,700,000 policies in 2016. Meanwhile, life insurance stood at 1,750,000.
Turning to the next year, life insurance returned to be the highest figure with 1,820,000 policies above the other category. Furthermore, in 2019, the life insurance detail peaked at 1,950,000 policies, while the non-life insurance reached 1,900,000.
