Prabhu Mahalaxmi Life Insurance Company Announced 8.421% Dividend

Prabhu Mahalaxmi Life Insurance Company Limited (PMLI) has announced a dividend of 8.421% for the fiscal year 2080/81.

The 23rd meeting of the Board of Directors on Baishakh 17 has determined to allocate an 8% bonus share, and a cash dividend of 0.421% (inclusive of tax) has been suggested.

The dividend requires approval from the Nepal Insurance Authority and the forthcoming AGM.

At the time of writing, PMLI's most recent trading day closed at Rs. 548.18.

About Prabhu Mahalaxmi Life Insurance

We are excited to share the creation of a new entity, Prabhu Mahalaxmi Life Insurance Ltd., after the successful merger between Prabhu Life Insurance and Mahalaxmi Life Insurance. This merger signifies a major achievement in the insurance field, uniting the strengths, skills, and assets of two well-known firms to establish a leader in the life insurance market.

At Prabhu Mahalaxmi Life Insurance, our goal is to offer extensive and creative life insurance options to our cherished clients. We are dedicated to providing financial security and tranquility for individuals and families, presenting an extensive selection of products and services designed to cater to their specific requirements.

Boasting a deep heritage and a strong base, Prabhu Mahalaxmi Life Insurance is ready to emerge as a market frontrunner, establishing new standards of quality. Our strategic merger enables us to utilize the combined experience and industry knowledge of our teams, promoting a culture of innovation, customer focus, and operational excellence.

Words form Prabhu Mahalaxmi Life Insurance CEO

Mr.Santosh Prasai

At Prabhu Mahalaxmi Life Insurance, we aim to deliver extensive and creative life insurance options to our esteemed clients. We are dedicated to providing financial stability and tranquility for individuals and families, presenting a diverse array of products and services customized to fulfill their specific requirements.