Life Insurance Corporation (LIC) Nepal, a joint venture between Bishal Group and Life Insurance Corporation of India, has earned a profit in the first year of its operations. According to a press statement issued by the company, LIC Nepal provided insurance cover worth Rs 1.35 billion during the last year and earned premium income of approximately Rs 82 million. Besides selling over 7,000 policies, the company recruited more than 600 agents and operates two branch offices in Kathmandu and Biratnagar.