RICB/CO/GID/7210 Date: 4th of August 2022
The Royal Insurance Corporation of Bhutan Limited request our valued customers to change the name of the insured in the insurance policy immediately after the change of ownership with the sale/loan transfer/gift/inheritance of movable and immovable properties.
We, therefore, request our customers who have been unable to change the ownership of their properties in the insurance policy to visit our nearest Branch Office to complete the ownership transfer at the earliest.
Please, note that failure to change ownership entails a non-standard claims penalty of 25 per cent deduction for claims arising before the transfer of the ownership in the insurance policy.
For more information, contact us @1818.