Parbhu Life Insurance Earns Rs 248.4 million in net insurance premium

May 09, 2019 Merolagani

Prabhu Life Insurance (PLIL) has earned a net insurance premium of Rs 248.4 million in the third quarter of the current FY compared to Rs 31.4 million of the corresponding period of the last FY. The net insurance premium earning increased by Rs 217 million during the review period.

By the third quarter of the current FY, the company earned Rs 19.3 million from loan, investment and other income.

However, the net profit of the company declined to Rs 38 million compared to Rs 48.7 million of the last FY.

The company with Rs 1.40 billion in paid-up capital has reserve fund of Rs 73.6 million, life insurance fund of Rs 227.1 million and disaster fund of Rs 3.9 million. The company paid Rs 5.3 million to 4 claims in the review period.

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