RICBL launches new insurance policy for the professional driver
The Royal Insurance Corporation of Bhutan Limited launched a new insurance policy titled “DheyobNgen- sung Lay- char” to commemorate the 60th Birth Anniversary of His Majesty the Fourth DrukGyalpo.
The new policy is equipped with far- reaching benefits of compensation in the event of death, permanent total disablement, temporary disablement and an optional cover for medical expenses.
This policy has been designed particularly with the following objectives to provide insurance with dual cover at an affordable rate and to ensure social security and welfare for the drivers and their families
Drivers are highly vulnerable to fatal accidents resulting in loss of lives and leaving their families behind in destitute situation. Thus the new policy was specially designed for the drivers in view of enhancing their social security and to ensure the welfare of their families as the
The policy has two types of covers of Standard Dhe- yob: covering Death, Total Permanent Disablement and Temporary Partial Disablement and Premium Dhe-yob with additional cover of health insurance to the above cover which is optional.
Royal Insurance Corporation of Bhutan Limited was incorporated on 7th January 1975 under the Royal Charter of His Majesty, the fourth DrukGyalpoJigmeSingyeWangchuk, primarily to meet the Insurance needs of its Citizen as well as to actively participate in the economic development of the nation. It has grown from strength to strength over the years in keeping with nation’s march towards the goal of economic growth, self- reliance and Gross National Happiness.
Today, RICB has 27 offices across the country with the Head Office in Thimphu and a Regional Office at Phuentsholing.
As an insurance provider, RICB plays a significant role in the financial sector and in socio- economic development of the country. RICB provides multifaceted financial services including social security services to the society through its various schemes/ products.