Nepal Life Insurance Company has resolved insurance claims totaling Rs 69.62 Arba as of the end of Ashoj, 2080. The disbursements primarily include death-related claims distributed among 13,512 policyholders and their nominees, encompassing both local and international beneficiaries, with a cumulative payout of Rs 5.68 Arba. The company, aiming for efficiency, has successfully settled 93% of claims by the conclusion of Ashoj. Furthermore, it commits to a swift resolution for accidental death-related claims within 3 working days and other death-related claims within 7 working days, contingent on complete documentation. Notably, the insurer has achieved a commendable record, settling 46% of claims within 3 days, 67% within 7 days, and 81% within 1 month of the comprehensive documentation submission, as highlighted in the media statement.
Tag: Life
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Can you use Chatgpt in Nepse to make your life more easier?
So i was wondering if there was any way that the free version of Chatgpt 3.5 could be helpful in analyzing the stocks or indexes, both fundamentally or technically, if the data is given manually? could be copy and pasted from other websites? i think it can be done given you provide lots of data to it. and i also seems to know or can analyze during different strategies like Rsi, Macs crossover, and all or could even do fundamentals like Graham number, undervalue, pe and all or could even compare specifics like cash in hand, reserves. What are your experiences with using it to Screen certain stocks or ways you do it, so many questions comes to mind like inputting latest datas with Ltps, financials and all.
P.S this is coming from someone who doesn’t know how to code, i know some terminologies like api and all but thats that.
View on r/NepalStock by Turbulent_Act_638
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Nepal Life Insurance Reports 10.25% Growth in Net Profit and Strong Financial Indicators in Q1
Nepal Life Insurance has reported a notable expansion in its business volume and key financial metrics, as outlined in its recently published unaudited financial report for the first quarter of the current fiscal year. The company achieved a commendable 10.25% increase in net profit, affirming its positive financial trajectory.
Maintaining a robust financial position, Nepal Life Insurance reveals a reserve of Rs 79.33 crore and a substantial life insurance fund amounting to Rs 175.21 arba. Additionally, the company has allocated Rs 1.02 arba to its disaster fund. The investment portfolio stands at a significant Rs 179.36 arba, further underlining the company’s sound financial management.
In terms of financial obligations, Nepal Life Insurance reports Rs 83.91 crore as unsettled claims. On the revenue front, the company earned insurance premiums totaling Rs 10.93 arba during the reviewed period. The company’s paid-up value is reported at Rs 8.20 arba.
Key performance indicators include an impressive earnings per share (EPS) of Rs 7.70 and a net worth per share of Rs 124.72. The Price-to-Earnings (PE) ratio is noted at 83.14 times during the specified review period, indicating a measure of the company’s valuation in the market.
The unaudited financial report portrays Nepal Life Insurance’s resilience and positive growth trends, positioning the company well in the competitive insurance sector.
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Citizen Life Insurance Company’s Q1 Net Profit Rises 1.60%, Maintains Strong Financial Position
In its recent disclosure of first-quarter financial results for the fiscal year 2080/2081, Citizen Life Insurance Company Limited (CLI) has reported a modest performance, revealing a 1.60% increase in net profit compared to the corresponding quarter of the previous year. The company’s net profit rose from Rs. 7.03 crores to Rs. 7.14 crores in the reported quarter.
According to the unaudited report, Citizen Life maintains a robust financial position with a paid-up capital of Rs. 3.75 Arba and a share premium of Rs. 1.55 Arba. Additionally, the company holds Rs. 65.14 crore in retained earnings, Rs. 70.43 crore in other equity, and Rs. 14.5 crore in the contingent fund.
The net premium of the company experienced a healthy uptick, marking a 3.46% increase to Rs. 1.42 Arba in FY 2080/81 compared to the corresponding quarter of the previous year. Furthermore, Citizen Life generated Rs. 26.64 crores from income derived from investments, loans, and other financial headings.
However, the company also reported an 11.10% increase in net claims, reaching Rs. 1.28 Arba in the first quarter of the fiscal year 2080/2081. The total number of policies held by the company stood at 207,261 as of the end of Q1.
Key financial indicators include an annualized earnings per share (EPS) of Rs. 7.63 and a net worth per share of Rs. 181.41. The company’s stock traded at a P/E multiple of 52.33 times.
Citizen Life recently issued 90,00,000 unit IPO shares at a premium price of Rs. 244 per share to the general public, with the subscription window open from the 15th to the 19th of Bhadra, 2080.
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Sanima Reliance Life Insurance: 100% Delay Charges Waived for Policy Renewals Until Ashoj 26
Sanima Reliance Life Insurance is putting its policyholders first with an exclusive policy renewal campaign from Ashoj 16 to 26, 2080. During this limited-time offer, policyholders who haven’t renewed their policies can seize the opportunity to do so with a remarkable 100% waiver on delay charges. This customer-centric initiative reflects the company’s commitment to providing flexibility and support to its valued clients. With this one-time scheme, Sanima Reliance Life Insurance aims to ensure that all its customers can continue to enjoy the benefits and security of their policies without the burden of additional charges. It’s a win-win opportunity for policyholders, emphasizing the company’s dedication to its clients’ financial well-being and peace of mind.
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Life Insurance a good deal…….?
Aile life insurance lagbhag sabai aafno minimum point ma raixa 1 year ko graph maa yesko 1kchoti boom ta aauxa holaa ki k ho?
View on r/NepalStock by Prasanna___
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——life insurance stocks——–
Trying to learn fyndamental analysis. So kk chahi hernu parxa life insurance company choose garda ani kasto chahi ramro indicator ho. Thank u for helping out.
View on r/NepalStock by UncrownedKing2184
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Is it a good time to invest in the Nepal Life Insurance Company(NLIC)?
NLIC is trading at Rs. 582. I am quite confused about whether to invest in NLIC because its eps is (-4.30) and pe is (-135.43) according to(nepsealpha). This company never had negative eps what happened to NLIC?
View on r/NepalStock by Snoo_88433
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does anyone know when can i sell sanima life insaurance (SLI) share?
SLI went through a merger and it’s been months, i can’t sell it so i was wondering if anyone knows when can i sell it?
View on r/NepalStock by [deleted]
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IME LIFE INSURANCE OR SHIKAR LIFE INSURANCE
FOR LONG-TERM HOLDING WHICH IS GOOD. lOOKING FOR GENIOUN ADVICE
View on r/NepalStock by ElectricalArachnid66