Kathmandu: Nepal Life Insurance Company (NLIC) has proposed dividend for the financial year 2077-78. The 344th meeting of the board of directors(BODs) of the company held on 30th of Bhadra has proposed to distribute 15.7895 percent cash dividend from the accumulated profit of the FY 2077-78.
The proposed cash dividend 15.7895 percent cash dividend includes 0.7859 percent cash dividend for tax purpose. The company said that the proposed dividend of the company will be distributed to the shareholders after nod from the Insurance Board and the Annual General Meeting of the company.
The company had distributed 14 percent bonus shares and 0.7368 percent cash dividend for tax purposes from the profit of the financial year 2076-77.
The company has a paid up capital of over Rs. 8.20 billion which is above the minimum regulatory capital. The minimum regulatory capital is Rs. 5 billion for life insurers.
