National Life's paid-up capital of five billion

KATHMANDU:National Life Insurance Company's paid-up capital has surpassed five billion rupees. In the general meeting, National Life made the decision to offer stockholders 8% bonus shares.

Following the distribution of 8% bonus shares, National Life's paid-up capital has met the regulatory limit of five billion and one crore rupees.

National Life stated that in order to diversify its interests, it will establish a subsidiary firm to engage in real estate and stock markets.

According to company, the general meeting resolved to pay a 6.5 percent cash dividend.