Citizen Life Insurance registers Rs 17.04 crore as net profit for Q4 of 2075/76; Reserves and life insurance fund stands at Rs 25.1 crore and Rs 66.56 crore respectively
Mon, Aug 19, 2019 2:41 PM on Financial Analysis, Latest,
Citizen Life Insurance Company Limited (CLICL) has published its unaudited financial report for the fourth quarter of the current fiscal year.
The profit has been reported as Rs. 17.04 crore till the fourth quarter of FY 2075/76 which was Rs. 10.20 crore in the corresponding quarter of FY 2074/75.
The insurance company collected Rs. 1.12 arba as net earnings from premium in this quarter.
The paid-up capital of the company is Rs. 1.75 arba with Rs. 25.1 crore in the reserve and surplus. It has Rs. 66.56 crore as life insurance fund of the company.
It has issued 48 thousand 786 life insurance policies till the third quarter of FY 2075/76.
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