National Life Insurance Company recently held its 35th Annual General Meeting (AGM) under the leadership of its chairman, Ms. Prema Singh, on Jestha 22, 2080.
During the AGM, the shareholders approved the distribution of 8% bonus shares and a 6.5% cash dividend. Additionally, an additional cash dividend of Rs 1.95 crore was endorsed for taxation purposes. As a result of the capitalization of the bonus shares, the company’s paid-up capital will increase to Rs 5.01 arba.
According to a media statement, the life insurance company recorded a premium collection of Rs 1440.76 crore during the review period. The life insurance fund also saw growth, reaching Rs 5880.42 crore, while the total investment portfolio expanded to Rs 4703.92 crore.
These developments reflect the company’s strong financial performance and its commitment to providing value to its shareholders and policyholders.
