Premier insurance endorses 30% bonus share

March 31: 22nd AGM of Premier Insurance has endorsed proposal of 30 percent bonus share and cash dividend for tax provision. After bonus share issuance, company’s paid up capital will heighten to Rs 373.7 million.

The AGM also elected Kedar Narayan Manandhar and Balram Shrestha in BOD from general shareholders’ representation. Company has paid claim amount to 81 percent of 877 claims amounted to Rs 800 million after the last year’s devastating earthquake. Similarly, company has earned Rs 740 million insurance premiums and Rs 130 million net profit in the last FY.