Sanima Reliance Life Insurance 9th AGM Dividend Approval Update
9th January 2026, Kathmandu
Sanima Reliance Life Insurance Limited successfully concluded its 9th Annual General Meeting (AGM) on Poush 24, 2082, at Shubha Events in Golfutar, Kathmandu. Chaired by the company Chairman, Ratan Lal Kedia, the meeting marked a significant milestone for the insurer as it transitions into a more stable post merger phase.
Sanima Reliance Life AGM
During the assembly, shareholders reviewed the financial performance of the fiscal year 2081/82 and endorsed several key proposals aimed at rewarding investors and strengthening the company governance framework.
Sanima Reliance Life Insurance Dividend Payout Details
The most anticipated agenda of the 9th AGM was the approval of the dividend distribution. Based on the distributable profit from the fiscal year 2081/82, the board proposed a competitive return to its shareholders.
Key highlights of the Sanima Reliance Life Insurance dividend:
Dividend Rate: 10.1780 percent
Type of Dividend: Cash Dividend (inclusive of tax)
Total Payout Amount: Approximately 51.04 crore rupees
Paid-up Capital Base: 5.01 billion rupees
The cash dividend will be directly deposited into the bank accounts of shareholders who held the company stock as of the book closure date, which was Poush 11, 2082. This payout reflects the company ability to maintain healthy cash flows while navigating the competitive landscape of the Nepalese life insurance sector.
Financial Performance and Strategic Growth
CEO Shivnath Pandey presented a detailed overview of the company operational achievements during the meeting. He highlighted that despite the complexities associated with the merger between the former Sanima Life and Reliance Life, the company has managed to carve out a respectable position in the market.
Significant financial metrics reported:
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Life Insurance Fund: The fund size grew significantly, reaching over 20.87 billion rupees by the end of the review period.
Net Profit Increase: The company posted a net profit growth of over 12.53 percent compared to the previous fiscal year.
Premium Collection: Total insurance premiums saw an upward trend of nearly 18 percent, driven by customer centric policies and a robust agent network.
Earnings Per Share (EPS): The annualized EPS for the current period stands at 11.93 rupees, showcasing steady value for the investors.
Management Focus and Governance
Chairman Ratan Lal Kedia and CEO Shivnath Pandey emphasized that the current success is a result of a multi pronged strategy focusing on digital transformation, system development, and agent motivation. The 9th AGM also finalized the appointment of the statutory auditor for the fiscal year 2082/83 and confirmed the appointment of an independent director to ensure unbiased oversight.
The company is moving forward with a focus on:
Information Technology: Enhancing digital platforms for smoother policy issuance and claim settlements.
Cost Efficiency: Implementing strict internal controls to manage operational expenses post merger.
Branch Network Expansion: Reaching underserved rural populations to increase insurance penetration across Nepal.
Outlook for Sanima Reliance Life Insurance
With a life insurance fund exceeding 20 billion rupees and a newly endorsed 10.1780 percent dividend, Sanima Reliance Life is positioning itself as a resilient and profitable player. The management expressed confidence that by fostering a high morale among employees and maintaining the trust of policyholders, the company will continue to achieve its “Mission 2085” targets for total market leadership.
Conclusion
The completion of the Sanima Reliance Life Insurance 9th AGM and the approval of the 10.1780 percent cash dividend send a strong signal of stability to the capital market. As shareholders look forward to the credit of their dividends, the company is already pivoting toward its 2082/83 goals. Through a combination of strategic mergers, digital innovation, and transparent governance, Sanima Reliance Life Insurance remains a preferred choice for those seeking long term security and financial growth in Nepal.
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