See the major highlights of Prabhu Life Insurance and Citizen Life Insurance based on their Q4 report

Prabhu Life Insurance (PRLIL) has published its fourth quarter report of its first year of operation. The net profit of Rs 5.35 crore was reported in the fourth quarter of the current fiscal year which was Rs 4.87 crore in the third quarter of the same fiscal year.

The company’s earnings from premium is Rs 11.23 crore in Q4 of the current fiscal year. Its life insurance fund stands at Rs 7.33 crore.

The company’s paid up capital is Rs 1.4 arba with Rs 5.38 crore in the reserve. The insurance company is soon slated to issue its public shares worth Rs 60 crore to increase its paid up capital to Rs 2 arba.

During the fiscal year 2074/75, the life insurance company has issued 2,281 policies.

Citizen Life Insurance Company Limited (CLICL) has published their unaudited financial report for the fourth quarter of the current fiscal year. The profit has been reported as Rs 10.86 crore in the current quarter which was Rs 22.48 lakh in the corresponding quarter of the fiscal year 2073/74.

The insurance company collected Rs 36.10 crore as earnings from premium in the Q4 of FY 2074/75.

The paid up capital of the company is Rs 1.75 arba with Rs 11.42 crore in the reserve and surplus. It has Rs 10.93 crore as  life insurance fund of the company.
In the fiscal year 2074/75, the life insurance company issued 55,540 life insurance policies.