The availability of insurance fell by 1.11 percent.

According to the Nepal Insurance Authority, the country's expansion of insurance coverage fell short of 1.11 percent during the previous fiscal year.

The percentage of the population with insurance reached 44.38 percent by 2079–2080. This reach has decreased to 43.27 percent of the population as of 2080–2021. The scope of access to insurance has only shrunk by 1.11 percent in the past year compared to the year before, according to authority director Sushiledev Subedi.

Director Subedi stated during the Insurance Authority's interaction program in Birganj that the primary cause of the insurance market's reduction from the prior year was the crisis in the cooperative and microfinance sectors. "There have been numerous problems in the cooperative and microfinance sectors within the last year. Because microfinance and cooperatives are unable to maintain the regular insurance, it appears that access has slightly declined," he stated.

According to Subedi, the director of the authority, the entire cost of life insurance has increased in the last year when compared to 2079–2080. "Life insurance premiums totaled Rs. 1 trillion 42.36 billion in 2079–2080. "Over the past year, a total of one trillion 56 billion 500 million rupees have been collected," he stated. "The total non-life insurance fee has also increased by 2.80 percent in comparison to the previous year."

According to Subedi, there has been a rise in the proportion of total insurance fees to total consumer products in the past year as compared to the year before. He claims that it held a 3.42 percent share in the overall domestic production in 2079–2080 and a 3.47 percent share in 2080–1981.

According to Chairman Silwal, the general public in border districts shouldn't purchase insurance from Indian businesses. "It is necessary to put an end to the wrong practice of insuring the common people living in the border areas in Indian companies by showing various greed", he stated, "for that, it is necessary for the local and state governments to arrange insurance."

President Silwal underlined that insurance in the Nepali insurance firm should be planned with the appropriate facilitation and collaboration between the authorities, municipal, and provincial governments. "I request all locals not to do insurance work with Indian companies", he remarked.

According to Chairman Silwal, Nepal has two reinsurance firms, seven small insurance companies, fourteen life insurance companies, and fourteen non-life insurance businesses.