Dividend History of Nepal Life Insurance
NepalLife, established under the Company Act 2053 and Insurance Act 2049 as a public limited company on 2058/01/21 (04/05/2001). NepalLife is the foremost life insurance company established by private investors. The promoters of the company are a group of well known businessmen and business houses of Nepal. Within the sixteen years of operation the Company has set up an excellent business record and has a strong financial position.
The company has an authorized capital of Rs.1,000 Crore and Paid-up Capital of Rs.549.61 Crore. As on Asad 2077, the company has issued 12,63,436 conventional policies having total premium income of Rs.11,932 Crore and 15,26,395 Foreign Expatriate policies having premium income of Rs.437.25 Crore. Out of the total premium collected, the company has invested Rs.9,365 Crore as per guidelines of Bima Samiti. The company has insured itself with well-known reinsurance company "Hannover Re Life Reinsurance Company", Germany.
Dividend History of Nepal Life Insurance