Citizen Life Insurance Company Limited
Citizen Life is one of the fastest growing life insurance companies in Nepal. It started its operations on October 19, 2017 (Kartik 02, 2074) after Beema Samiti, the Insurance Regulatory Authority of Nepal, awarded it the operation license on August 23, 2017 (Bhadra 07, 2074).
Citizen Life is a 70:30 public limited company with an authorized capital of NPR 3,000 million, issued capital of NPR 2,500 million and is majorly promoted by Kantipur Media Group, Shikhar Insurance, reputed Aviation industries, successful bankers, manufacturing industrialists, CEOs from different Insurance Companies, pharmaceutical companies, finance and investment firms, hospitality and tourism companies, real estate companies and several other reputed representatives from different industries. Currently, Citizen Life is serving its clients through 102 branches in different parts of the country. Its service network is strong and diversified to distribute an extensive range of products. Complying with regulatory laws, Citizen Life has reinsurance arrangement with Nepal Reinsurance Co. Ltd. as well as Consulting Actuary based in overseas. Citizen Life focuses on implementing the international global practices of successful companies in the local market as per the local needs, based on the concept of Glocalization. With the use of the latest technology, Citizen Life aims to reach the grass root level and support the families in case of financial difficulty that might occur after the loss of the breadwinner.