Kathmandu, May 26: Citizen Life Insurance Company, has started operations of its new 73rd branch in Kalaiya, Bara. The new branch office was inaugurated by Citizen Life’s CEO Poshak Raj Poudel. It was opened with an aim to easily provide information regarding the insurance plans of the company and make the premium payment process simple and easy to the locals of Kalaiya.
Citizen Life Insurance Company Limited, which started its operations from October 2017 has been successful in making its mark in the insurance sector in a very short period of time. It has already extended its operations around the country with 73 branches.
The company increases its insurance amount collection by 60% in its third quarter in comparison to its second quarter in this fiscal year. Along with an increase in the net profit by more than 70% in the same time period, the company has also been successful in making an investment of 245 crores till the month of Chaitra 2075.