Market digest

Two life ins cos okay dividends

Staff Correspondent

10 August, 2020 12:00 AM printer

The boards of directors of two Life Insurance Company have recommended cash dividend for their shareholders for the year ended on 31st December, 2019.

The companies are National Life Insurance Company and Sandhani Life Insurance Company.

Of them, National Life Insurance declared 28 per cent cash dividend and Sandhani Life Insurance approved 12 per cent cash dividend.

National Life Insurance will arrange an annual general meeting (AGM) on 29th September through digital platform. The record date has been set on 31st August.

In first quarter, decrease in consolidated life revenue account for Jan-Mar 2020 was Tk 361.06 million with consolidated total life insurance fund of Tk 36,631.55 million as against decrease in consolidated life revenue account of Tk 344.04 million and Tk 34,271.52 million respectively for the same period of the previous year.

In second quarter, increase in consolidated life revenue account for Apr-June 2020 was Tk 527.40 million with consolidated total life insurance fund of Tk 37,158.95 million as against Tk 997.29 million and Tk 35,268.81 million respectively for the same period of the previous year.


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