Got Your 8% Cash Dividend from Prime Life Insurance (PLIC)? Here's How to Claim It

Wed, Jan 20, 2021 10:15 AM on Latest, Dividend, Bonus & Rights,

The 8% cash dividend of Prime Life Insurance Company Limited (PLIC) has been deposited in the bank account of investors.

The latest AGM of the company had endorsed a 15% dividend: 7% bonus shares and 8% cash dividend from the paid-up capital for the fiscal year 2075/76. The dividend was distributed from the paid-up capital of Rs. 2,25,89,31,797. Thus, the bonus shares amounting to Rs. 15,81,25,226 and cash dividend amounting Rs. 18,07,14,544 is distributed.

The same cash dividend is now deposited in bank accounts of investors.

Investors who have a Demat account but have not received the cash dividend should authorize their bank details on their Demat account to get the dividend.

Meanwhile, investors who still hold physical shares of the company should dematerialize their shares as early as possible to claim their dividend. Furthermore, if eligible investors had taken a loan against the shares of the companies before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.