Media Detail 13 Mar 19

Bancassurance Agreement with Machhapuchchhre Bank Limited

Citizen Life Insurance Company, which has been successful in winning the confidence of Nepali customers in a short period of time, signed ‘Bancassurance’ agreement with Machhapuchhre Bank on Tuesday. The agreement was signed by Machhapuchhre Bank’s Deputy CEO Mr. Santosh Koirala and Citizen Life Insurance’s CEO Mr. Poshak Raj Poudel.

Both the organizations believe that this collaboration will provide additional benefits to their respective customers. Citizen Life Insurance has been successful in bringing a positive change in customers’ mindset about insurance services and schemes, and Machhapuchhre Bank has continuously been working to increase banking literacy among its customers with easy and reliable banking services.

As per the agreement, Citizen Life Insurance’s customers will now be able to get all the services including life insurance policy, premium payment and insurance claim from all the branches of Machhapuchhre Bank. Citizen Life Insurance has already won hearts of customers with new and innovative schemes like Jeewan Sarathi and Critical Care Plus introduced for the safety and security of customers, for the first time in Nepal.

Under the Jeewan Sarathi scheme, the insured customer will be able to receive bonus amount till 90 years of age and through the critical care plus scheme, the insured will be able to get a medical treatment amount to cover treatment costs against 20 critical illnesses. The customers of Machhapuchhre Bank will also be benefitted from these innovative schemes. While providing services to customers spread throughout Nepal, Citizen Life Insurance has already established more than 62 branches in various locations of Nepal. Citizen Life Insurance recently launched a new Citizen Annual MoneyBack Insurance Plan for the Market.

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