LIFE INSURANCE CORPORATION (NEPAL) LIMITED
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| S.N. |
Particular | Anx | Current year | Previous Year |
| INCOME |
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| 1 | Net Premium |
1 | 899,198,707.58 |
722,946,301.84 |
| 2 | Re- Insurance Commission Income |
- | - | |
| 3 | Investment, Loan And Other Income |
2 | 130,673,519.14 |
84,000,140.09 |
| 4 | Income From Policy Loan |
3 | 5,750,621.82 |
1,925,050.65 |
| 5 | Other Direct Income |
6,602,780.36 |
5,993,435.53 |
|
| 6 | Provision for outstanding claims at the begin. Of year |
7,086,500.00 |
10,271,839.00 |
|
| 7 | Provision for unexpired risk at the beginning of the year |
- | - | |
| Total Income (A) | 1,049,312,128.90 |
825,136,767.11 | ||
| Expenditure |
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| 8 | Claim Payment (Net) |
4 | 57,937,158.80 |
46,784,460.14 |
| 9 | Agent commision |
5 | 110,697,677.25 |
96,890,386.28 |
| 10 | Medical Fee |
2,212,388.00 |
2,360,265.00 |
|
| 11 | Re- Insurance Commission Expenses |
- | - | |
| 12 | Service Charges (Net) |
6 | 9,006,827.00 |
7,256,032.51 |
| 13 | Other Direct Expenses |
- | - | |
| 14 | Management Expenses |
7 | 48,451,503.55 |
53,027,911.59 |
| 15 | Income Tax |
8 | 17,618,742.40 |
7,741,872.20 |
| 16 | Provision for Outstanding claim to be paid at the end of the year |
9 | 8,658,010.00 |
7,086,500.00 |
| 17 | Provision for unexpired Risk to be paid at the end of the year |
- | - | |
| Total Expenditure (B) |
254,582,307.00 |
221,147,427.72 |
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| 18 | Surplus Transferred to Life Fund (A-B) | 794,729,821.90 | 603,989,339.39 | |
Annexures 1 to 9 are integral
part of this Revenue Account. |
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