KATHMANDU; Everest Insurance Company (EIC) — during its

14th and 15th annual

general meeting (AGM)

on Tuesday — has decided to distribute 20 per

cent cash dividend to

the shareholders from

its profits.

“In spite of the unfavourable conditions

in the country, the company has successful posted

a huge profit.

“It is the first among

non-life insurance companies to collect Rs 449.8

million premium during the last fiscal years,” said the company adding that

in this fiscal year’s nine months it has already

collected Rs 455.2 million as premium that 45.25

per cent higher than

the premium collection

of the same period in

the last fiscal year, said

the company.