Sanima Insurance Company net profit increases to Rs.2.97 Crore in the fourth quarter; insurance premium worth Rs.7.43 Crore collected
Mon, Aug 19, 2019 1:34 PM on Financial Analysis, Latest,
Sanima Insurance Company Limited (SAICL) has registered net profit worth Rs 2.97 crore in the fourth quarter report of FY 2075/76.
The insurance company has a paid-up capital of Rs 70 crore with Rs 3.66 crore in the reserves and Rs 1.15 crore in the Insurance Fund.
The non-life insurance company has collected Rs 7.43 crore as the net insurance premium with Rs 3.51 crore as the reinsurance commission. Similarly, the net claim amount stands at Rs 33.63 lakh.
The company has issued 17,811 insurance policies within the evaluation period.