Jyoti Life Insurance earns Rs 3.86 crore profit in Q1; Net worth per share at Rs 103.14

3Jyoti Life Insurance Company is among 19 of the life insurance companies that were approved by the Nepal Government.  Jyoti Life will be carrying out Initial Public Offering (IPO) in order to raise Rs. 66 crore to meet the minimum paid-up capital of Rs 2 arba as per the Insurance Board (IB) directive. As per the unaudited financial report published by the company today, Jyoti Life Insurance Company has paid up capital of Rs 1.54 arba while the reserves amounts to Rs 4.82 crores. The net profit of Jyoti Life Insurance's stands at Rs. 3.86 crores. The company policy holder reached 77 in Q1 Jyoti Life Insurance‘s net earnings from premium remains at Rs 22.89 lakhs in Q1. Its earning per share (EPS) stands at 2.51 and net worth per share is at Rs. 103.14.