Citizen Life Insurance Sets New Record with Rs 7.5 Billion Premium in FY 2081/82

Kathmandu — Citizen Life Insurance Company has achieved a significant milestone by collecting a total insurance premium of Rs 7.51 billion in the fiscal year 2081/82, marking the highest annual business volume since its establishment.

Established eight years ago, the company has consistently positioned itself as a strong competitor in Nepal’s life insurance sector. This year’s achievement sets a new record for the company and reflects the success of its strategic business model and effective incentive structures.

According to Citizen Life, the remarkable growth is the result of a combination of factors, including sound corporate policies, efficient management, agent-focused schemes, and the collective dedication of its workforce. The company credited its agents and employees for their unwavering commitment, highlighting their role in driving the historic premium income.

To mark this achievement, Citizen Life organized a grand celebration with the participation of its employees, agents, and stakeholders. The event served as a recognition of the coordinated effort behind the company’s success.

Chief Executive Officer Poshak Raj Poudel attributed the record-breaking performance to the contributions of the company’s directors, stakeholders, and especially its frontline agents and staff. He emphasized that the company’s success is rooted in teamwork, effective planning, and a performance-driven approach.

The company’s agents also noted that Citizen Life’s collaborative environment, timely business schemes, and strong internal communication have been key to maintaining growth in a competitive market.