ROYAL INSURANCE CORPORATION OF BHUTAN LIMITED

Company

47

Years Of Experience

For the last 47 years, the Royal Insurance Corporation of Bhutan Limited (RICB) has been fulfilling the insurance and financial needs of the people of Bhutan.Through our social security and financing, we have helped people improve their financial well-being and build resilience against the unpredictability of their lives.Instituted under the Royal Charter of His Majesty […]

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VISION

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To be the crown jewel of the financial sector.

MISSION

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We will excel in securing and enhancing financial well-being of our clients by maintaining the highest professional standards with innovation, resilience, agility, inclusion, and compliance as the cornerstones of our activities.

Core Values
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Transparency

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Accountability

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Commitment

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Teamwork

Integrity Icon

Integrity

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Specialization

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Creativity

RICBL has 27 offices across the country. The Corporation has an excellent working relationship between the management and staff at all levels, and the close coordination between the management and the staff has contributed to the success of the corporation over the years.

  • Established in 1975 under the Royal Charter, RICB is the leader in the Bhutanese Insurance Market.
  • 39% of the shares is owned by the Royal Government of Bhutan.
  • There are 441 employees and over 1060 Sales Executives.
  • Services are catered from 27 Branch Offices and the Head Office
  • Winner of the ADFIAP’s award “THE DEVELOPMENT TRIHEDRON” in 2012 for Rural House Insurance Scheme in Corporate Social Responsibility Category.
  • Awarded B+ (Good) Financial Strength Rating and bbb- Issuer Credit Rating by A.M.Best in 2016-2017.
Company
General Insurance

  • Marine

  • Engineering

  • Miscellaneous

  • Motor

  • Aviation
Company
Credit & Investment

  • Manufacturing

  • Service

  • Transport

  • Personal

  • Trade & Commerce

  • Housing

  • Loan against Shares
Company
Life Insurance

  • Whole life

  • Endowment

  • Term Insurance

  • Provident Fund

  • Group Insurance
Company
Reinsurance

  • Inward

  • Outward
Net Worth (Million BTN)
Nu

1,507

2012
Nu

1,765

2013
Nu

2,686

2014
Nu

3,069

2015
Nu

3,289

2016
Total Assets (Million BTN)
Nu

7,747

2012
Nu

9,078

2013
Nu

12,347

2014
Nu

15,205

2015
Nu

19,418

2016
Profit Before Tax (Million BTN)
Nu

501

2012
Nu

522

2013
Nu

571

2014
Nu

731

2015
Nu

754

2016
Paid Up Capital (Million BTN)
Nu

240

2012
Nu

240

2013
Nu

480

2014
Nu

1,200

2015
Nu

1,200

2016