KATHMANDU: Citizen Life Insurance Company Limited has introduced a new product, ‘Citizen Annual Money Back Insurance Plan’, in the domestic market.
The product was launched by company’s CEO Poshak Raj Poudel.
“The product will provide dividend equivalent to five per cent of the insured amount on an annual basis besides providing insurance coverage throughout the term period,” says a statement issued by the company.
The company, which started operations more than a year ago, has 62 branches across the country.
The company’s premium collection jumped 60 per cent in the second quarter vis-à-vis first quarter of this fiscal year, says the statement.
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