Sun Nepal Life reports a profit of Rs 10.21 crores; Rs 79 crores belong to the earnings from premium

Sun Nepal Life Insurance Company (SNLICL) has published its unaudited financial report for the fourth quarter of the current fiscal year.

The profit has been reported as Rs 10.21 crore till the fourth quarter of FY 2075/76. It is an increase from the previous year's corresponding quarter's profit of Rs 8.16 crore.

The insurance company collected Rs 78.99 crore as earnings from premium in the fourth quarter of FY 2075/76.

The paid-up capital of the company is Rs 1.40 arba with Rs 17.64 crore in the reserve and surplus. It has Rs 60.39 crore in the life insurance fund of the company. The company has sold 36,432 insurance policies till the end of review period. The company is yet to float its IPO to the general public.