Kathmandu: Neco Insurance (NI) has distributed a dividend of ten per cent of its total profit of 5,327,531 rupees to its shareholders.

According to an NI press release, the insurance company accumulated a premium of close to 120 million rupees during the fiscal year 2055/56.

As of now, the company has been able to collect 130 million rupees during the current fiscal year, the press release said quoting the NI chairman Punya Prasad Dahal who present the annual report at the recently concluded general meeting of the company.