All indicators of National Life are positive, net profit is 350 million

Kathmandu. National Life Insurance, Nepal’s second oldest life insurance company, has increased its premium collection by about 25 percent. At the company’s 32nd annual general meeting, it was informed that the premium collection has increased by 24.86 percent as compared to last year and exceeded Rs 8.5 billion.

The company has earned a net profit of Rs 350 million this year.

The General Assembly has passed a proposal to pay 10 percent bonus share of the paid up capital and a cash dividend of Rs. 1.62 billion for tax purposes for the fiscal year 2075/07. In addition, the total paid up capital of National Life Insurance Company is Rs. 3.39 billion.

By the end of the Fiscal Year 2075/07, the total investment of the company has increased by 27.94 percent and reached Rs. 2,681 crore and the insurance fund of the company has increased by 25 percent and reached Rs. The company also paid a total of Rs 2.69 billion in claims in the last fiscal year.

The actuarial valuation of FY 2075/07 has been satisfactory and bonus rate has been increased in all insurance policies.