Guransh Life’s Net Premium Income increased by 65pc

Kathmandu: Guransh Life’s net premium income and total premium income has increased by 65.18 percent. In the last fiscal year 2077/78, the company has earned Rs. 3.68 billion net premium while the total premium income has been Rs. 3.67 billion.

The company’s net profit has increased by 27.77 percent. It has managed to earn a net profit of Rs. 12.13 billion during the period. Guransh Life, one of the oldest life insurance companies, has improved most of its indicators this year.

The life insurance fund has increased by 38 percent to Rs. 10.59 billion. The company has a paid-up capital of Rs. 1.97 billion and reserve fund of Rs. 538.4 million. Long-term credit has also improved by 65 percent to Rs. 2.57 billion.

The insured have taken a loan of Rs. 1 billion by pledging insurance policy. Such loans increased by 93.79 percent compared to the previous year. The company has earned Rs. 857 million from investments made in various sectors.

Net claims payments have increased by 29 percent to Rs. 662.7 million. The agent commission received by agents for life insurance policies has increased by 108 percent. The agents received a commission of Rs. 534.20 million last year. The number of insurance policies has declined by 6 percent this year. At present, the number of existing insurance policies is 1 lakh 54 thousand. Although the earnings per share is Rs. 6, the net worth per share is Rs 130.

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