Nepal Life Insurance declares 70% dividend for its shareholders

Nepal Life Insurance Company has declared bonus for its shareholders. The meeting of the board of directors held on Falgun 13, 2074 has declared 42% bonus shares and 28.53% cash dividend for the shareholders from the net profit of FY 2073/74. The decision is awaiting approval from the Insurance Board and the company's general meeting. The insurance company has reported a net profit of Rs 27.96 crore in the second quarter of the current fiscal year. Currently, it has a paid up capital of Rs 3.09 arba with reserve of Rs 5.02 arba. After the issuance of 42% bonus shares, its paid up capital will reach Rs 4.38 arba.