KATHMANDU

Siddhartha Insurance has earned a net profit of Rs 136.96 million. The company’s profit is 49.51% higher than the same period last year. As of the second quarter of the current fiscal year, the company has paid a total of Rs 188.19 million in claims and Rs 1.31 billion in outstanding claims.

Similarly, the company has earned net insurance premium of Rs 539.6 million and has also increased the size of its insurance fund by 24.55%. The company has a paid-up capital of Rs 1 billion and a reserve fund of Rs 377.29 million.