The presented bar chart shows how many policies made by Nepal’s insurance companies over the 4 year period. It has a breakdown for life and non-life insurances. The information is given in millions.
At the onset it is clear that both types of services have seen to grow with the number of life insurance leading by the end of the period.
According to the diagram, between 2015 and 2016 the propotion of life policies, which was much popular than non-life one, is characterised by a steady rise from 1,200,000 to around 1,350,000. Followed by a steep climb in 2017 up to approximately 1,700,000 and continiued to grow moderatly by 2019.
As far as non-life policies are concerned, in the first three years their figures were marked by a dramatic boom from around 1,040,000 to approximately 1,800,000. After that, the general trend appears to have slowed and underwent a slow increase by the end of the given period.
