National Life successfully conducts 29th AGM; approves 25% bonus shares & 60% right shares

National Life Insurance Company Limited has successfully conducted its 29^th Annual General Meeting (AGM) on Shrawan 27, 2074. Mrs. Prema Singh, Chairman of the National Life Insurance highlights the financials of fiscal year 2072/73. The company made a satisfactory performance with total collection of insurance fee of 3.85 arba while net claim of Rs1.07 arba and has earned Rs 36 crore net profit. The company has able to increase its investment by 22.94 percent from last FY 72/73 to Rs 14.31 crore as of Ashad 2073. As per the press release published by the company today, The economic growth were not to the par level due to political instability and liquidity crunch interest rate for deposit which has also affect the life insurance sector. The investment sector is likely to have long term effect from this situation, despite this there has been significant talks of development in infrastructure which is likely to boost economic development. The insurance sector is also likely to see a positive scenario in future. The insurance company has aim to increase its quality of services to its client base. On the 29^th AGM, the insurance company has decided to issue 25 percent bonus share and 1.32 percent for cash dividend for tax purpose from the profit it had earned in the FY 2072/73. It was decided that after issuance of bonus share, from paid up capital 60% right share to be issued to general public. Hence, paid up capital will reach to Rs 2.64 arba which benefited the company as in whole.