KATHMANDU

Reliance Life Insurance’s net insurance premium increased by 92.06% to Rs 1.10 billion in the second quarter of the current fiscal year. Net profit also increased by 24.33% to Rs. 57.8 million. Last year, the company had earned a profit of Rs 46.5 million. 

According to the public financial statement, the company has also increased its life insurance fund from Rs 775.9 million to Rs 1.79 billion with a paid-up capital of Rs 2.10 billion. Similarly, the reserve fund has Rs 1.79 billion. Reliance, which has an earnings per share of Rs 5.51, has a net worth of Rs 110.50 per share.