The financial report for the third quarter of the current fiscal year shows a notable increase in earnings for Sanima Reliance Life Insurance. The company has earned a profit of Rs. 30 crores 48 lacks in the current fiscal year whereas, in the same period during the previous year, the company earned a profit of… Continue reading Sanima Reliance Life Insurance: Profit Surge and Investment Growth
Category: Insurance News
Deadline to Grab Sun Nepal Life Insurance’s Proposed Dividend
Today 26th Baishakh, 2081 is the last chance to get the 25.0526% dividend offered by Sun Nepal Life Insurance Company Limited (SNLI). On 9th Jestha, 2081, the company held its seventh AGM at Amritbhog Catering, Kalikasthan, Kathmandu, starting at 10:00 AM. The agenda included approving a 25.0526% dividend for the fiscal year 2079–2080, along with… Continue reading Deadline to Grab Sun Nepal Life Insurance’s Proposed Dividend
IGI Prudential Insurance’s Third-Quarter Financial Report: Surge in Profit and Strong Performance
IGI Prudential Insurance Limited (IGI) shared its third-quarter financial report for the fiscal year 2080/2081, showing a big increase in profit. Their net profit grew by 181.04% to Rs. 46.76 crores from Rs. 16.63 crores in the same quarter last year. The company has a paid-up capital of Rs. 3.02 Arba and huge reserves, including… Continue reading IGI Prudential Insurance’s Third-Quarter Financial Report: Surge in Profit and Strong Performance
Why did NEPSE stopped the share trading of Citizen Life Insurance Company?
NEPSE stopped the share trading of Citizen Life Insurance Company in the secondary market temporarily, stating that the company damaged Nepal’s stock market reputation. Citizen Life declared dividends on Monday, Bishakh 24, 2081, but the Insurance Authority ordered to cancel them. The company notified NEPSE that the announced dividends were canceled. On the other hand,… Continue reading Why did NEPSE stopped the share trading of Citizen Life Insurance Company?
IME Life Insurance the Adjusts Dividend Distribution: Key Updates for Fiscal Year 2079/80
IME Life Insurance the Adjusts Dividend Distribution percentage for the fiscal year 2079/80, moving it from 34.5% to 26.3158%. Previously, the company planned to use the paid-up capital of Rs. 13.20 Crores to propose a 9.5% cash dividend (including for tax considerations) and 25% bonus shares worth Rs. 1 Arba. Distribution of the dividend was… Continue reading IME Life Insurance the Adjusts Dividend Distribution: Key Updates for Fiscal Year 2079/80