Insurance business of Guardian Micro Life Insurance over Rs.6.6 million

Kathmandu. Guardian Micro Life Insurance has released the financial statement for the second quarter. The company has managed to earn a total insurance fee of Rs.6.6 million till this period.

Up to the second quarter, the company has earned a profit of 300 thousand 2 hundred rupees. According to the financial statement published by the company, the company has managed to earn 5.302 million rupees in net insurance fees. The company has sold 4,533 micro insurance policies so far. The company has collected an amount of Rs.6.6 million for the first insurance fee for the single policy till this period.

The current paid-up capital of the company is 52 billion 500 million rupees,  and 223 thousand rupees in the disaster reserve fund, along with 1.853 million rupees in reserve fund.

The company’s earnings per share is 12 paisa.