National Life Insurance AGM approves dividend
8th February 2026, Kathmandu
National Life Insurance Company Limited (NLICL) successfully held its 38th Annual General Meeting (AGM) on Poush 30, 2082 (January 14, 2026) at its central office in Lazimpat, Kathmandu. Presided over by Chairperson Mrs. Prema Singh, the meeting endorsed the board’s proposal for a 12.5 percent total dividend for the fiscal year 2081/82.
National Life Insurance AGM
The approved dividend consists of 4 percent bonus shares and an 8.5 percent cash dividend (including the amount for tax purposes). This move increases the company’s total paid-up capital to Rs 5.69 billion, further solidifying its position as one of Nepal’s leading life insurance providers.
Dividend Breakdown and Capital Growth
The 38th AGM ratified the distribution of profits that were carefully balanced between capital reinvestment and direct investor returns.
Bonus Shares (4%): Approximately Rs 21.89 crore worth of new shares were approved for issuance to existing shareholders. This capitalization strengthens the company’s core reserves and complies with the Nepal Insurance Authority’s ongoing capital enhancement directives.
Cash Dividend (8.5%): A cash payout of Rs 46.51 crore was endorsed, providing immediate liquidity to investors. This figure includes a specific portion allocated to cover the tax obligations on the distributed dividends.
Financial Highlights of Fiscal Year 2081/82
During the meeting, the board presented a robust financial picture for the concluded fiscal year. Despite the evolving regulatory landscape, the company maintained double-digit growth in its core business areas.
Premium Income: Total premium growth rose by 10.26 percent, reaching Rs 22.59 billion.
Investment Portfolio: The company’s total investments surged by 11.04 percent to reach Rs 77.90 billion, yielding an impressive average annual return of 8.76 percent.
Insurance Liabilities: Total insurance liabilities were reported at Rs 94.58 billion, supported by a life fund that has grown to approximately Rs 89 billion.
Claim Settlements: Demonstrating its commitment to policyholders, the company processed net claim payments totaling Rs 9.49 billion.
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Strategic Investments and Corporate Governance
The AGM also highlighted several strategic moves intended to diversify the company’s income streams and enhance its market influence.
Banking Sector Stake: National Life Insurance increased its stake in Himalayan Bank Limited to 13.61 percent, marking it as a significant institutional investor in the commercial banking sector.
Subsidiary Performance: The company’s subsidiary, National Capital Ltd., was noted for distributing its first 7 percent cash dividend, contributing to the overall group profitability.
Technology and Infrastructure: The management emphasized ongoing investments in digital transformation and the construction of modern commercial buildings in Kathmandu and Nepalgunj to optimize asset utilization.
Social Responsibility and Impact
The 38th AGM reaffirmed National Life’s role as a socially conscious corporate citizen. For the fiscal year 2081/82, the company contributed over Rs 70.25 million toward various social causes, including:
Disaster relief funds for earthquake and flood victims.
Financial support for the Kathmandu Institute of Child Health.
Scholarships and educational support for underprivileged children.
Future Outlook
Looking forward, National Life Insurance plans to prioritize insurance penetration in rural districts while upgrading its digital service platforms to improve the speed of claim settlements. With its paid-up capital now exceeding Rs 5.69 billion and a policyholder base of over 1.5 million people, the company is well-positioned to navigate the “merger era” of Nepal’s insurance industry without the immediate pressure to merge with other entities.
The smooth completion of the 38th AGM and the consistent dividend history—often alternating between bonus-heavy and cash-balanced structures—indicates strong investor confidence and financial stability.
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