In the review period, the company earned a net insurance premium of Rs 598.5 million. The net insurance premium was Rs 819.3 million in the review period of the previous FY.
During the period, the company paid a claim of Rs 498 million compared to Rs 551.1 million of the previous FY.
The company with Rs 1.85 billion in paid-up capital has a reserve fund of Rs 310.9 million, an insurance fund of Rs 896.3 million and disaster fund of Rs 75.5 million.
The company has recently issued the right shares. After the capitalization of the right issue, the paid-up capital of the company will reach Rs 1.02 billion.
The company has issued 169,827 insurance policies till date and has 33,180 renewed policies.
By the date, the company paid Rs 890.8 million to 5,465 claims and has an outstanding claim of Rs 655.7 million to 2,862 claims.
