Kathmandu. Reliable Nepal Life Insurance has entered its ninth year today.
The company had started the insurance service on September 1, 2018. The company has entered its ninth year after completing it in a glorious period of eight years. The company will celebrate its 8th anniversary by organizing various programs.
On the occasion of entering the ninth year of its establishment, the company has expressed its heartfelt thanks to the regulatory bodies, founders, agents, insured, journalists, employees and others. At the same time, the company has also expressed its commitment to continue providing excellent service in the coming days.
Within a short time of its establishment, the company has become a reliable company in the life insurance sector. Reliable Nepal Life has also become the choice of customers with its excellent insurance service.
Attractive progress in most financial indicators
In the last fiscal year, the company earned a total insurance premium of Rs 5.39 billion. This is the previous fiscal year 2080. This is an increase of 28.23 percent compared to 81.
In the review year, the company earned Rs 5.03 billion in net insurance premium. This is an increase of 31.82 percent in the company’s net insurance premium compared to the previous year.
Compared to the previous year, the size of the company’s life insurance fund has increased by about 36.5 percent in the review year. The life insurance fund has increased from Rs 9.94 billion in the previous year to Rs 13.57 billion in the review year. 
With a paid-up capital of Rs 5.19 billion, the company earned a profit of Rs 570 million in the review year. This profit is 47.25 percent higher than the previous year.
In the review year, the company’s share premium stood at Rs 1.39 billion, disaster fund at Rs 222.2 million and retained earnings at Rs 789.9 million.
