Sanima Insurance Company reports Rs 2.03 crore as net profit in Q3 of FY 2075/76; Collects Rs. 2.76 crore as insurance premium

Sun, May 12, 2019 2:48 PM on Financial Analysis, Latest, Stock Market,
Sanima Ins...

Sanima Insurance Company Limited (SAICL) has registered net profit worth Rs 2.03 crore in the third quarter report of FY 2075/76.

The insurance company has a paid-up capital of Rs 70 crore with Rs 1.75 crore in the reserves and Rs 2.17 crore in the Insurance Fund.

The non-life insurance company has collected Rs 2.76 crore as the net insurance premium with Rs 1.94 lakh as the reinsurance commission. Similarly, the net claim amount stands at Rs 10.24 lakh, which was Rs 84 thousand for the corresponding period of last year.

The company has issued 7,989 insurance policies within the evaluation period.