Oriental Insurance Earns Net Profit of Rs 168.31 Mn

May 17, 2019 Merolagani

Oriental Insurance has earned Rs 168.1 million in the third quarter of the current FY compared to Rs 125.6 million of the corresponding period of the last FY.

During the period, the company earned net insurance premium of Rs 562 million compared to Rs 487.9 million of the corresponding period of the last FY.

The company earned Rs 39.8 million from reinsurance commission and Rs 90.7 million from investment, loan and other income.

The company has insurance fund of Rs 596.2 million and reserve fund of Rs 73.6 million.

The company issued 14,901 insurance policies and has earned Rs 689.4 million in total insurance premium. The company paid Rs 468.9 million to 1,359 claims and has outstanding claim payment of Rs 481.3 million.

comments powered by Disqus

'Araniko highway expansion to continue'

Apr 22, 2024 11:35 AM

The expansion of Sanga-Dhulikhel road along the Araniko Highway is to continually move ahead.

Gold and Silver Price Decline

Apr 22, 2024 10:58 AM