Union Life Insurance publishes unaudited fourth quarter report; net profit stands at Rs.9.93 Crore

Union Life Insurance Company Limited posted a net profit of Rs. 9.93 Crore in the fourth quarter of the fiscal year 2075/76, up from Rs 7.66 crore in the corresponding period of last fiscal year.

The paid up capital of the company remains unchanged at Rs.1.50 arba. The reserves stand at Rs. 16.96 Crore while the life insurance fund stands at Rs. 2.12 arba.

The company earned Rs.2.95 arba from premium by the end of the fourth quarter. Total number of policies in force has increased to 1.34 lakh this quarter from 70 thousand in the corresponding quarter of FY 2074/75.