Sanima Life Insurance and Mahalaxmi Life Insurance publish unaudited first quarter reports

Sanima Life Insurance Company Limited has published its first-quarter report for the fiscal year 2076/77.

According to the unaudited data published today, the net profit of the company stands at Rs.1.98 Crore in the Q1 of the FY 2076/77 which was Rs.2.23 Crore in the corresponding quarter of the FY 2075/76.

The company’s earnings from net premium is reported as Rs.13.68 Crore in current FY which has increased from the previous year’s quarter of Rs.6.58 Crores. Similarly, the number of insurance schemes has increased to 19,562, which was 5,761 in the previous year’s first quarter.

The paid-up capital stands at Rs.1.40 Arba with Rs.16.41 Crore in the reserves and surplus and Rs.30.02 Crore in life insurance fund.

Likewise, in its short period of operation, Mahalaxmi Life Insurance Company published the following results for the first quarter of FY 76/77. The paid up capital of the company stands at Rs.1.40 Arba. The company has Rs.3.24 Crore in its reserves and life insurance fund stands at Rs.31.11 Crore.

The company posted commendable earnings of Rs.10.36 Crore through means of premium. Net profit by the end of the first quarter stands at Rs.2.14 Crore. The company currently has 4,291 policies.