18th November 2022, Kathmandu
In the first quarter of the fiscal year 2079/80, the net insurance fee of Shikhar Insurance Company increased slightly. According to the financial statements issued by the company, the insurance fee has risen by 1.54 percent.
The net insurance fee earned 45 crores 18 lakh rupees in the first quarter of the current financial year. The company earned 44.5 crores rupees in net insurance fees in the last financial year.
The company has earned a profit of Rs 13.48 crore in the three months of the current financial year. In the last financial year, it made a profit of 13.36 crore rupees.
The company’s profit has increased by 0.89 percent compared to the last financial year.
During this period, the company has paid a net claim of Rs. 18.87 crores compared to last year’s paid shares of Rs. 15.72 crores. Compared to the previous financial year, the company’s claim payment has increased by 20 percent.
The company has earned Rs 75.3 crores from investment loans and others.
With a paid-up capital of Rs 2 Arba 28 crore, the company’s reserve fund has a reserve of Rs 75.71 crore.
The insurance fund is 1 Arba 47 crore rupees. Last year the size of the insurance fund was 1 Arba 36 crore rupees. Compared to the previous year, the size of the insurance fund has increased by 11.54 percent.
