Nepal Life Insurance's net insurance premium increased by 9 percentage

Aug Sun 2022 04:03:34

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Nepal Life Insurance's net insurance premium increased by 9 percentage

Kathmandu. Nepal Life Insurance (NLIC) has published unrefined financial statements for the fourth quarter of last financial year. According to the details, the insurance has suffered a loss during that period. During that period, insurance has incurred a loss of Rs 35 crore 27 lakh. In the same period of the previous financial year, the insurance had earned a net profit of Rs 53 crore 59 lakh.

During the review period, the net insurance fee of insurance has increased by 9.44 percent. Similarly, the insurance has earned 2.38 billion 99 million rupees by disbursing loans of 24.76 billion 96 million rupees for life insurance securities.

By the end of June, the income per share of insurance is negative 4 rupees 30 paisa, while the net worth per share is 173 rupees 82 paisa.