Pokhara, 25 December| Ten life insurance companies in Nepal have announced dividends for their shareholders from the accumulated profits of the last fiscal year. According to the latest financial reports, a majority of these insurers have prioritized cash dividends over bonus shares. Specifically, six life insurance companies have opted for cash-only dividends, while four others have declared a combination of low-rate bonus shares and high-rate cash dividends. Among the announcers, Nepal Life Insurance and Life Insurance Corporation (LIC Nepal) have emerged as the most generous, declaring an impressive 21 percent dividend each, which has significantly boosted investor confidence in the insurance sector.
Regarding the eligibility for these dividends, the book closure process for Nepal Life and Citizen Life has already been completed, meaning new buyers of these shares will not receive this year’s payout. Meanwhile, the book closure for IME Life and Sanima Reliance Life is scheduled for this Friday. Consequently, investors must hold or purchase shares by today to qualify for the dividends and exercise their voting rights in the upcoming Annual General Meetings. For the remaining companies that have announced dividends but not yet reached their book closure dates, there is still an opportunity for investors to enter the market and secure their returns. Market analysts view these enthusiastic dividend announcements as a sign of financial stability and growth within the Nepalese life insurance industry.
