Kathmandu, May 24: The Life Insurance Corporation
Nepal (LIC Nepal) Tuesday decided to distribute 25 per cent bonus share and
1.32 cash dividend, for tax purpose, to its shareholders.
The 14th Annual General Assembly of the
company has decided to distribute the bonus and elected Kumar Keshar Bista as
Public Director to the Board of Directors of the Company.
The company sold 149,796 insurance policies in the
Fiscal Year 2014/15 and collected Rs. 1.81 billion from premium.
By mid-July 2015, the company had 115,546
insurance policies and its life insurance fund reached Rs. 2.02 billion, the
company informed in a press release.
The company witnessed 30.59 per cent growth in
life insurance fund, 41.67 per cent growth on initial premium earning, 31.67
per cent on investment, and 16.16 per cent growth on income from investment in
the last fiscal.
“The company has earned Rs. 4.60 billion by the
end of the first quarter of the current fiscal year and has accumulated Rs.
24.58 billion in its life insurance fund,” read the release.
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