Citizen Life Insurance Nepal 2.1.0

Citizen Life Insurance Company Limited (CLICL) has emerged as a noteworthy player in the Nepalese life insurance sector. Established on June 26, 2007, CLICL received its operating license from the Insurance Regulatory Authority of Nepal (Beema Samiti) on August 23, 2017, and officially commenced operations on October 19, 2017. The company operates as a public limited entity with a shareholding structure of 70:30, backed by prominent sponsors including Shikhar Insurance Company, Kantipur Media Group, Aviation Industries, a consortium of bankers, and distinguished industrialists and professionals.

CLICL endeavors to integrate professional practices prevalent in developed markets with the specific needs of the domestic landscape. The company is committed to upholding high standards of corporate governance and regulatory compliance. Furthermore, CLICL leverages advanced technology to facilitate agile growth and support its business expansion initiatives.