Prabhu Life Insurance Limited (PLI) has proposed a dividend of 10.526% for the fiscal year 2077/78. This is the first dividend the company has proposed since being listed on the Nepal Stock Exchange (NEPSE). The company’s board of directors, at its 140th meeting held on Baisakh 25, has decided to distribute a dividend consisting of […]
The merger between IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) has been finalized, with the two companies agreeing to a 1:1 swap ratio and forming a new entity called “IGI Prudential Insurance Limited”. The merger has received final approval from the Nepal Insurance Authority and the Office of the Registrar of
The NEPSE has listed 16,53,699.96 unit bonus shares of Sagarmatha Insurance Company Limited (SIC). On 11th Falgun, the firm held its 26th AGM and approved a 13.0579% dividend for fiscal year 2078/79. The board of directors resolved to distribute 12.40% bonus shares and 0.6526% cash dividend on Rs. 1.33 Arba paid-up capital. NEPSE now lists
On the 10th of Chaitra 2078, the Nepal Insurance Authority directed that life insurance businesses have a minimum paid-up capital of Rs. 5 Arba. The Insurance Board also encouraged non-life insurance companies to increase their paid-up capital to Rs. 2.5 Arba by the end of Chaitra 2079.
Today is the last day to claim the Asian Life Insurance Company Limited (ALICL) dividend. The corporation has scheduled its 15th Annual General Meeting for the 18th of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day in Hotel Classic Simara, Bara.
Union Life Insurance Company Limited (ULI) has requested its shareholders to pay the 8.97% bonus share tax. On the 26th of Magh, 2079, the firm held its 5th AGM for the fiscal year 2077/78. The meeting approved 8.97% bonus shares worth Rs. 19,28,55,000 from the company’s paid-up capital of Rs. 2.15 Arba for the
On April 13, 2023, Federal Reinsurance Brokers Limited and Banking Finance and Insurance Institute of Nepal Limited signed a Memorandum of Understanding (MOU) to form a long-term strategic alliance in the areas of training, research, and consulting for the insurance sector’s capacity development. Ms. Alpana Sharma, Company Secretary, and Mr. Saurav Baral, Research Analyst
Pokhara Finance Limited (PFL) has launched 4,16,367.92 unit bonus shares on NEPSE. On 30th Poush, the business had its 26th AGM and approved a dividend of 4.21% for fiscal year 2078/79. The Board of Directors voted at its 512th meeting to pay a dividend of 4.21% on the paid-up capital of Rs. 1.04 Arba. A
The Nepal Insurance Authority has licensed two more microinsurance businesses. At its meeting on Tuesday, the authority’s board of directors voted to provide licenses to two more micro insurance companies. The authorities have given licenses to Protective Micro Insurance Ltd Nepal and Crest Micro Life Insurance Ltd.
The Insurance Authority has recently prioritized working with micro-insurance companies. The authority recently granted licenses to seven new microinsurance companies. Previously, the Nepal Insurance Authority issued a notice inviting applications from companies interested in operating a micro-insurance company in Nepal. Similarly, three micro life insurance companies and four micro non-life insurance companies were chosen
Asian Life Insurance Company Limited (ALICL) has scheduled its 15th Annual General Meeting for the 18th of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day in Hotel Classic Simara, Bara. Among the other items on the agenda, the AGM will approve an 8.947% dividend of Rs. 26.01 crores for fiscal year
National Life Insurance Company has announced bonus rates ranging from Rs 63 to Rs 85 per Rs 1000 for its insured customers. According to the information, the company will offer a Rs 63 bonus for up to 9 years of life insurance, Rs 64 for 10 to 20 years, Rs 70 for 21 to
