Citizen Life Insurance Announces 20% Cash Dividend
Citizen Life Insurance has declared a 20% cash dividend from its profit of the previous fiscal year, pending regulatory approval and AGM endorsement.
Citizen Life Insurance (CLI) has declared a 20% cash dividend (including tax) based on its profit from the previous fiscal year.
The decision was approved during the company’s board meeting held on Mangsir 24.
The proposed dividend will be distributed only after receiving clearance from the Insurance Board (Beema Pradhikaran) and subsequent approval at the company’s upcoming Annual General Meeting (AGM).
Citizen Life continues to demonstrate stable financial performance driven by rising premium income, operational expansion, and improved claim settlement efficiency. The 20% cash payout is expected to enhance shareholder value and strengthen investor sentiment in the insurance sector.