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
Insurance companies are competing with one another to collect more premiums. Out of its 1.4 crore total active insurance policies, life insurance companies collected a total premium of Rs. 93.75 Arba during the fiscal year 2079/80. According to a report published by the Nepal Insurance Authority, Nepal Life Insurance Company Limited collected Rs. 24.37 Arba
Gurans Life Insurance Company Limited (GLICL) has scheduled its 13th Annual General Meeting for the 6th of Baisakh, 2080. The meeting will begin at 10:30 a.m. that day at the company’s headquarters in Tinkune, Kathmandu. Among the other items on the agenda, the AGM will approve 13.2712772% bonus shares for fiscal year 2078/79. The
Citizen Life Insurance Company Limited’s Initial Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval. The company intends to distribute 11,250,000 unit shares to employees and the general public. Employees will be issued shares at a par value of Rs. 100, while the general public will be issued shares at a price
Prime Life Insurance Company Limited (PLIC) has announced a change in its promoter to public shareholding ratio. On the 24th Poush, 2079, the company held its 15th AGM. The AGM approved the board’s proposal to change the promoter/public share ratio of the company from 60:40 to 51:49. The company has now informed that if
For the fiscal year 2078/79, Asian Life Insurance Company Limited (ALICL) has proposed a dividend of 8.947% worth Rs. 26.01 Crores. The board of directors decided today (Falgun 30) to distribute 8.50% bonus shares and a 0.447% cash dividend (for tax purposes). The value of the bonus shares is Rs. 24.71 crores, and the
The IME Life Insurance Company Limited Initial Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval. The company intends to sell 12 million unit shares to the general public for Rs. 276 each (Rs 100 face value + Rs 176 premium price). The company will raise a total of Rs. 3.312
Prime Life Insurance Company Limited (PLIC) has listed 36,13,500.25 Units Bonus Shares on NEPSE. For the fiscal year 2077/78, the board of directors proposed bonus shares worth Rs. 36,13,500.25 and a cash dividend worth Rs. 1,90,18,422 from the paid-up capital of Rs. 2.77 Arba at its 162nd meeting. NEPSE now lists the same bonus
Sun Nepal Life Insurance Company Limited (SNLICLInitial )’s Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval. The company intends to sell 9,600,000 unit shares to the general public for Rs. 250.55 per share (Rs 100 face value + Rs 150.55 premium price). The IPO will raise Rs. 2,405,280,000 in total.
Mahalaxmi Life Insurance observed its 4th anniversary on Magh 27, 2079 where the company is the youngest in the insurance sector has gone through a lot of ups and downs. The company has increased its paid-up capital by 50%, reserve by 60.7%, life insurance fund by 56.4%, investment portfolio by 29.5%, claim settlement by
National Life Insurance Company Limited (NLICL) has released its second-quarter report for fiscal year 2079/2080, showing a 57.70% increase in Net Profit compared to the previous year’s equivalent period. The net profit of the firm climbed to Rs. 22.73 crores in this quarter from Rs. 14.41 crores in the previous quarter. National Life has a
