KATHMANDU: The board of directors of Life Insurance Corporation Nepal Ltd (LICN) in its 78th board meeting held on Monday has resolved to provide 25 per cent bonus shares and 1.32 per cent cash dividend (to meet the tax liability for bonus shares) on paid-up capital of Rs 855.56 million from profits, as on July 16, 2015. The decision is subject to approval from the Insurance Board and annual general meeting of the firm, as per a press statement.