Sanima Life Insurance’s net premium rises by 98.43% in Q4

KATHMANDU: Sanima Life Insurance Company Limited (SALICL) has published its fourth-quarter report of fiscal year 2076-2077 with a decline in net profit by 4.25%. The company’s earnings decreased to Rs. 8.53 crore in this quarter from Rs. 8.91 crore in the corresponding quarter of the previous year.

As per the unaudited report for the fourth quarter published today, SALICL has a paid-up capital of Rs. 1.40 Arba with a reserve of Rs. 12.20 crore.

The company has Rs. 95.08 crore in life insurance fund and Rs. 1.34 crore in the contingent fund.