LIC Nepal concludes its 17th AGM for the FY 2074-75 endorsing 70% dividend; commits to convene 75-76 AGM soon
Fri, Aug 9, 2019 2:01 PM on AGM/Special AGM, Corporate, Featured,
Life Insurance Corporation Nepal has concluded its 17th AGM on Shrawan 24, 2076. The AGM has endorsed the board’s decision to provide 70% dividend to its shareholders that include 34.46% bonus shares and 35.54% cash dividend from the profit it made in the fiscal year 2074-75.
During the review period, the life insurance company had sold more than 1.33 lakh insurance policies thereby raising the insurance premium of Rs 288.89 crore. The life insurance recorded the increase in its life insurance fund by 25.85%, increased first insurance premium income by 9.70%, investment by 21.76% and earning increased by 55.67% during the same review period.
The AGM was also addressed and attended by chairman of the company Mr. MR Kumar, BoDs Mr. Ashok Agrawal, Mr. Kumar Kesar Bista, Mr. VK Kukreja, Mr. LP Das among others.
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