Siddhartha Insurance Earns Net Profit of Rs 30 million

November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last FY.

Similarly, its income has increased by 33.88 per cent to Rs 64.4 million during the period. The company has earned insurance premium of Rs 47.71 per cent to Rs 426.7 million in the review period. However, the total claim amount has decreased by 49 per cent to Rs 126.7 million. Similarly, the due claim amount has decreased by 53 per cent to Rs 500 million. Meanwhile, the reserve fund of the company has increased by 17.18 per cent to Rs 165 million during the review period.