Prabhu Life Earns Rs 148.7 Mn in Net Insurance Premium

Feb 11, 2019 Merolagani

Prabhu Life Insurance has earned a net insurance premium of Rs 148.7 million in the second quarter of the current FY compared to Rs 111.9 million of the corresponding period of the last FY.

Till date, the company earned Rs 263.1 million in total insurance premium. In the review period, the company earned Rs 27.4 million in net profit. Such profit was Rs 37.3 million in the review period of the last FY.

The company that has paid-up capital of Rs 1.40 billion has reserve fund of Rs 63 million, life insurance fund of Rs 173.9 million and disaster fund of Rs 3.9 million.

The company has issued 12,281 policies till date and has paid Rs 500,000 to one policy.

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