Reliance Life reports significant rise in earning from premium for Q1 of 2076/77; Net profit at Rs 1.85 crore

Reliance Life Insurance Company (RLIL) published its unaudited financial report for the first quarter of the current fiscal year 2076/77 today.

The company has reported a net profit of Rs 1.85 crore in this quarter up from Rs 1.77 crore of the corresponding quarter of FY 2075/76.

The insurance company collected Rs 24.23 crore as earnings from premium in the Q1 of FY 2076/77 with a gigantic increment from last year's corresponding quarter that reported Rs. 9.65 crore.

The paid-up capital of the company is Rs 1.47 arba with Rs 11.10 crore in the reserve and surplus. It has Rs 56.52 crore in the life insurance fund of the company.

The company has been able to issue 2,955 insurance policies by the first quarter of fiscal year 2076/77.

First Quarter Report