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 Nepal Beema Pradhikaran, 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 5 billion, issued capital of NPR 3 billion 750 million, paid up capital of 2 billion 625 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 140 branches/sub 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.
Citizen Life is entirely focused on customer satisfaction and delivering value to its clients/policyholders through innovative insurance plans designed according to the societal needs and also provide an impeccable service. The company brings to you a wide range of protection solutions to help secure your family’s future. Its products are designed to:
- Provide financial support for child’s education
- Provide wealth with protection solutions
- Provide health and wellness solutions
- Provide retirement solutions and savings
Citizen Life helps you stay financially secure and financially independent in the future by just contributing small disciplined savings at regular intervals.