Nepal Life Insurance Company convenes 21st AGM; endorses 14.73% dividend for its shareholders with election of new board

Nepal Life Insurance Company has convened its 21st AGM for the FY 2076-77 under the leadership of its chairman Mr. Govinda Lal Sanghai on Chaitra 21, 2078.

Apart from regular financial reports, The AGM has endorsed the board’s proposal to provide 14% bonus shares and 0.7368% cash dividend for taxation purpose, as per the media statement.

The AGM also elected Mr. Govinda Lal Sanghai, Mr. Kamlesh Kumar Agrawal, Mr. Vivek Agrawal and Mr. Shakti Kumar Golyan as the directors from the promoter group while the 336^th board meet of the company has unanimously appointed Mr. Sanghai as the chairman of the company, as per the media statement. 

The life insurance company had raised insurance premium of Rs 124.84 arba, has investment portfolio of Rs 133.86 arba and share capital fund of Rs 9.67 arba during the review period, and is providing its services via 202 branches to 30 lakh plus customers so far, as per the media statement.