19th October 2025, Kathmandu
Citizen Life Insurance Company Limited (CLI) has triumphantly entered its ninth year of operation, marking the milestone on 2 Kartik 2082 (October 19, 2025). This anniversary signifies not only a substantial period of growth in the Nepalese life insurance sector but also a renewed commitment to the company’s core values of social responsibility and public awareness.
Citizen Life Insurance Anniversary
Operating under the empowering slogan “Your Prosperity, Our Support,” Citizen Life has leveraged this occasion to announce an aggressive strategy focused on extensive Corporate Social Responsibility (CSR) initiatives and a nationwide drive for insurance literacy, thereby positioning itself for what it calls a “new decade of trust.”
Financial Strength and Growth Trajectory in FY 2024/25
The company’s eight years of operation have established a solid foundation of financial stability and market presence, which is essential for bolstering public trust in the insurance industry. As of the end of the last fiscal year, 2024/25 BS (Mid-July 2025), Citizen Life Insurance demonstrated robust financial health.
Paid-Up Capital: CLI has successfully achieved a substantial paid-up capital of NPR 5 billion. This strong capital base is a clear indication of the company’s stability and its capacity to meet future obligations, a critical factor for both customers and investors.
Life Insurance Fund: A key indicator of an insurer’s financial strength and customer base, the Life Insurance Fund witnessed significant growth, swelling to NPR 19.85 billion. According to financial results for the 4th quarter of FY 2081/82, this represents an impressive increase, demonstrating strong premium collection and effective fund management.
Net Profit and EPS: The company recorded a respectable net profit of NPR 425 million in the last fiscal year. This profit translates to an Earnings Per Share (EPS) of NPR 8.50, offering a positive outlook for shareholders and underscoring the company’s efficient operations and profitability in a competitive market.
Net Premium Growth: The financial statements also highlight a strong revenue stream, with the company earning a net insurance premium of NPR 7.13 billion in FY 2081/82, a notable increase of over 22% compared to the previous fiscal year. This growth is a testament to the success of its expanded network, which now comprises nearly 150 branches and sub-branches across Nepal, ensuring life insurance services are accessible to hundreds of thousands of customers nationwide.
Renewed Focus on Community and Environmental Stewardship
Marking the start of its ninth year, Citizen Life is heavily emphasizing its role as a responsible corporate citizen. The company’s announced series of special programs underscore its commitment to moving beyond traditional business metrics and actively contributing to societal well-being. This approach is in line with the Nepal Insurance Authority’s mandate for life and non-life insurance companies to dedicate a portion of their profits to CSR activities.
Empowering Communities Through Social Initiatives
The company’s plans are multi-faceted, addressing immediate community needs as well as long-term social development.
Public Health Support: CLI will organize blood donation drives as a fundamental public health service, aiming to contribute to the critical blood supply infrastructure in various regions of the country. This effort reflects a direct investment in saving lives and supporting emergency services.
Disaster Relief: Citizen Life will continue its humanitarian efforts by providing relief materials, food, and clothing to families severely affected by natural calamities, particularly floods and landslides. This consistent support for disaster victims showcases the company’s commitment to providing financial and material security in times of extreme vulnerability, an important extension of its core risk-management business.
Diversity and Inclusion: Cultural events promoting diversity and inclusion are planned to foster a positive internal environment and strengthen unity, respect, and cultural understanding among its diverse employee and agency network.
The “Go Green” Environmental Commitment
A central component of the anniversary celebration is the continuation of the “Go Green – Greenery Is Our Responsibility” campaign. This initiative highlights the company’s dedication to environmental stewardship, a growing priority for Nepal’s financial sector as evidenced by national efforts to promote green finance.
Tree Plantation Programs: The focus on tree plantation programs across various locations aims to combat deforestation, promote ecological balance, and contribute to a healthier environment. By actively engaging in green initiatives, CLI solidifies its position as an ecologically conscious financial institution.
Driving Insurance Literacy and Public Awareness
Recognizing that low insurance penetration often stems from a lack of understanding, Citizen Life is making insurance education a cornerstone of its ninth-year strategy. In the context of a national push to increase insurance coverage (which, excluding microinsurance and foreign employment insurance, still remains low in conventional terms), these initiatives are highly pertinent.
Education Classes: The company plans to conduct insurance education classes at schools and community levels. These structured educational programs are designed to demystify complex insurance concepts, explaining the necessity and mechanisms of life insurance.
Public Awareness Rallies: Organizing public awareness rallies serves as a visible, high-impact method to communicate the importance of financial protection and risk mitigation to the broader public. These rallies will help in combating the misunderstanding of how insurance policies work and building greater public faith in the sector.
By focusing on these strategic areas, financial performance, community investment, environmental protection, and public education, Citizen Life Insurance Company Limited is not only celebrating its entry into its ninth year but is actively laying the groundwork for its commitment to a “new decade of trust” for its customers, partners, and the entire nation.
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