The company with Rs 181 million in paid-up capital has reserve fund of Rs 187.2 million.
During the period, the company earned Rs 4.09 billion in net insurance premium compared to Rs 485.9 million of the last FY. The net insurance premium increased by Rs 3.30 billion during the review period.
In the review period, the company increased its net profit by 295.83 percent to Rs 17.4 million compared to Rs 4.4 million of the last FY. Similarly, it earned Rs 452.7 million in investment, loan and other income, Rs 24.9 million from loan against policies and Rs 4.5 million from other direct income.
The company has 686,226 active insurance policies and has paid payment to 4,073 claims.
