Reliance Life Insurance Company reports profit of Rs. 2.41 crore in Q2; Premium earning crosses 20 crore

Reliance Life Insurance Company (RLIL) published their unaudited financial report for the second quarter of the current fiscal year 2075/76 today.

The reported net profit of Rs 2.41 crore in this quarter has decreased by 63.11% as compared to the same quarter last year, which was Rs. 6.54 crore.

The insurance company collected Rs 20.93 crore as earnings from premium in the Q2 of FY 2075/76 with a gigantic increment of 3312.13% from last year's corresponding quarter that reported Rs. 61.35 lakhs.

The paid-up capital of the company is Rs 1.47 arba with Rs 10.04 crore in the reserve and surplus. It has Rs 15.56 crore in the life insurance fund of the company.

The company has been able to issue 7,939 insurance policies till the end of Poush month of this fiscal year 2075/76.

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