LIC Nepal 14th AGM conducted successfully; 25% dividend approved

Life Insurance Corporation Nepal (LICN) has successfully convened its 14th Annual General Meeting (AGM) on Jestha 11, 2073 (yesterday). The AGM was held at Nepal Academy Hall, Kamaladi Kathmandu. As per the press released published yesterday, The Annual General Meeting approved 25 percent bonus shares and 1.32 percent cash dividend for tax purpose from the net profit it earned from the fiscal year 2071/72. In addition, Kumar Keshar Bista was elected in BOD from public shareholder group. The insurance fund and net earning from premium of the insurance company has reached to Rs 24.58 arba and Rs 4.60 arba respectively LICN has earned net profit of Rs 24.90 crore in the third quarter of the fiscal year 2072/73.