Prime Life’s own premiums above Rs 1 billion
KATHMANDU: NOV. 17 – Prime Life Insurance Company has made public its financial statements for the first quarter of the current financial year. The company has collected Rs 1.17 billion in net insurance premiums in the first quarter, according to its financial statements. Compared to the previous year, net premium income has increased by 9.79 percent during this period.
The company had managed to raise Rs 1.06 billion in the same period last year. The company has earned a profit of Rs 122.5 million in the same period. This amount is 1.41 percent more than last year. The current paid-up capital of the company is Rs 2.41 billion. The company has a reserve fund of Rs 80.29 million.
The company’s claim payment during this period was Rs. 254.6 million. Similarly, Prime Life’s life insurance fund has increased by 27 percent during the same period. The company has collected Rs 15.72 billion in its life insurance fund in the first three months.
