Nepal Life Insurance AGM

KATHMANDU, MAY 06:

Nepal Life Insurance held its 13th annual general meeting (AGM) in Birgunj under the leadership of its chairman of the board of directors Purushottam Lal Sanghai. The AGM approved the proposals to distribute 70 per cent bonus share from its paid up capital and Rs 56.3158 cash dividend per unit share. Its paid up capital will reach Rs 630.75 million after the distribution of the approved 123 per cent dividends. The AGM approved the financials of last fiscal year and Sanghai said that the company was able to increase its premium collection by 15.42 per cent till mid-February compared to the same period of fiscal year 2010-11.

Source: THT