Kathmandu. Citizen Life Insurance Company had introduced a scheme to provide interest subvention on delay fee while renewing the insurance policy from May 15. Under this scheme, you can now avail the discount till June 15. According to the company, 100 percent discount will be provided on the delay fee on the insurance policies that have been passed without the payment of renewal insurance fees issued by this company.
100 percent interest subvention will be given on insurance policies lapsed up to two years, 75 percent on insurance policies lapsed from two years to three years and 50 percent on insurance policies that have lapsed up to three years.
This discount will be available only once during the insurance period. It has been requested to contact the company’s branch sub-branches and agents for more information and bring their insurance to active status by paying the renewal fee by that period.
