PrimeLife books profit

PrimeLife Insurance Company ltd bagged net profit of Rs 56.8 million in first year of operation through selling policies equivalent to Rs 433.8 million. It has sold around 1,70,000 policies so far. Insurance in foreign employment has contributed large sum in profit. "As foreign employment is our target we can do more business in coming days," said Resta Jha, chief executive officer on Sunday. The insurance is marketing insurance providing three benefits-saving, life security and tax benefit -to customers.