SuryaJyoti Life Insurance Company Limited has officially credited a 13 percent cash dividend to the bank accounts of its eligible shareholders following the successful conclusion of its 18th Annual General Meeting (AGM), held on Poush 30, 2082 (January 14, 2026) at Hotel Harrison Palace, Biratnagar. This milestone highlights the company’s continued commitment to rewarding investors while maintaining a robust capital base after the historic merger of Surya Life and Jyoti Life.
Dividend Details and Eligibility
The 13 percent cash dividend, inclusive of applicable taxes, was distributed from the company’s distributable profits for the fiscal year 2081/82. With a paid-up capital of Rs 5.01 billion, the total payout translates to approximately Rs 65.15 crore.
The book closure date was set for Poush 18, 2082, meaning only shareholders registered in the Nepal Stock Exchange (NEPSE) until Poush 17, 2082, were eligible. Shareholders who purchased shares after this date are not entitled to this dividend.
Immediately after the AGM approval on Poush 30, funds were electronically transferred to eligible shareholders’ bank accounts, ensuring a fast and seamless process without delays associated with physical warrants.
Financial Performance FY 2081/82
Under CEO Prakash Bikram Khatri, SuryaJyoti Life reported steady financial growth:
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Life Insurance Fund: Increased by 25.50% to Rs 43.83 billion.
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Total Investment: Grew to Rs 48.45 billion.
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Net Profit: Rs 350.2 million, slightly higher than the previous year.
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Network Strength: 176 branches serving over 3.58 million policyholders.
Board Chairman Keshav Prasad Bhattarai emphasized that the company’s growth is a result of digital transformation initiatives and the dedication of its network of over 106,000 agents. The company also recently received the “Emerging Insurance Award” at the 5th Emerging Asia Insurance Conclave in Bangkok, recognizing its technological innovation.
Dividend Claim Process
SuryaJyoti Life has streamlined the payout through the C-ASBA system:
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Pledged Shares: Shareholders using shares as loan collateral must provide a No Objection Certificate (NOC) from the lending institution.
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Physical Shares: Must be dematerialized for dividend credit.
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Mismatched Details: Shareholders should update their bank and Demat account information with NIC Asia Capital Limited if discrepancies exist.
Strategic Outlook and Digital Initiatives
The AGM also focused on future strategies, including investments in artificial intelligence (AI) and mobile-first platforms to enhance policy issuance and claim settlement. CEO Khatri stressed that “claim payment is the first priority,” aiming for a completely paperless and hassle-free process.
The company offers extensive Critical Illness coverage, protecting against 35 conditions with coverage up to Rs 5 million, which is expected to drive premium growth in fiscal year 2082/83 and provide even greater returns for shareholders.
