• BIZ BRIEFS
KATHMANDU: Nepal Life Insurance Co (NLIC), the most trusted life insurance company in Nepal, has made remarkable progress in the third quarter of the current fiscal year.
According to the unaudited financial statement up to the third quarter of the current financial year made public by the company, the net profit of the company has soared by 329.52 per cent. By the end of this quarter, the reserves and funds of the company are around Rs 480 million, which is 9.40 percent more compared to the corresponding period of the previous year.
The life insurance fund, which was around Rs 131.16 billion in the same period of the last financial year, has increased by 19.83 per cent and reached around Rs 157.16 billion. It has Rs 830 million in the disaster fund, which is 15.49 per cent more than the same period of the previous financial year.
The company has invested Rs 162.28 billion till mid-April, an increase of 20.07 per cent.
A version of this article appears in the print on May 14, 2023, of The Himalayan Times.
