Kathmandu: Asian Life Insurance Company Limited (ALIC) has managed increase its net premium income by 8.21 percent in the Q2 of the current fiscal year. The company has earned Rs. 3.39 billion
insurance premiums. It was Rs. 3.13 billion in the corresponding period of the last fiscal year 2077/78.
Despite the improvement in insurance premiums, profits have declined by 18 percent. The company has earned a profit of Rs. 144.2 million in the last six months while it was Rs. 176 million in the corresponding period of the las FY.
The company’s claim payments have also increased significantly. The company has paid claims of Rs. 768.4 million during the review period. Last year, it was only Rs. 427.6 million in Q2.
Asian Life has paid Rs. 433.2 million against agency commission to the agents this year. Such commission was Rs. 386.9 million in the corresponding period of the last FY. Its life insurance fund has been surged by 18.88 percent to Rs. 33 billion.