National Insurance holds AGM

KATHMANDU, APR 04:

National Life Insurance’s 25th AGM under the chairperson of its board of directors Prema Rajya Laxmi Singh approved bonus shares of 25 per cent from the profit of last fiscal year. It has increased its paid up capital to Rs 500 million according to Insurance Board directives. It was able to collect insurance premiums worth Rs 2180 million and insurance claims worth Rs 540 million was paid during the review period. The company’s total investment stands at Rs 6690 million and total insurance fund has reached Rs 7.14 billion till last financial year end.

Source: THT