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༄༅།། འབྲུག་རྒྱལ་ཉེན་སྲུང་ལས་འཛིན་ཚད།
Royal Insurance Corporation of Bhutan Limited

MLR : 6.66 %

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181 Thimphu
151 Phuntsholing

Credit and Investment


RICBL meets not only the insurance needs of the country but also provides finances for the overall development of the nation. The Credit & Investment department pools resources from insurance related businesses and invests through the various loan schemes.


RICB CARD LOAN

The Card scheme is in operation since from 17th December 1997, has growth to become an independent division of its own. RICBL Cardholders automatically gets free Personal Accident Insurance cover. Presently RICBL is dealing with four type of card namely Diamond, Gold, Silver and Classics Card with varying amount of cash withdrawing limit and credit transaction


Type of Card Loan Sanctioning Limit Interest Rate Old Interest Rate Membership Fee Term Processing Fee
Diamond Card Nu. 1 Million upto Nu. 5 Million 13.50% p.a 14.50% p.a Nu. 1500/- p.a 12 months (renewal) Nu. 200/- per proposal
Gold Card Nu. 500,000/- to Nu. 999,999/- 13.50% p.a 14.50% p.a Nu. 1250/- p.a 12 months (renewal) Nu. 200/- per proposal
Silver Card Nu. 100,000/- to Nu. 499,999/- 13.50% p.a 14.50% p.a Nu. 1000/- p.a 12 months (renewal) Nu. 200/- per proposal
Classic Card Upto Nu. 99,999/- 13.50% p.a 14.50% p.a Nu. 500/- p.a 12 months (renewal) Nu. 200/- per proposal

Apart from loans, we also provide non-fund based assistance in form of bank guarantees


Type of Bank Guarantees Rate of Commission
EMD 1 : Guarantee amount upto Nu. 1,000,000/- Nu. 1000/- (fixed)
EMD 2 : Guarantee amount above Nu. 1,000,000/- 0.5% flat (Minimum Nu. 1000/-)
Performance Guarantee upto Nu. 10,000,000 3% p.a (Minimum Nu. 1000/-)
Performance Guarantee above Nu. 10,000,000 2% p.a (Minimum Nu. 2500/-)
Advance Mobilization Guarantee 2% p.a
Release of Retention Money Guarantee 2% p.a
Defect Liability Guarantee 2% p.a

Updates

Rural Life Insurance Scheme Revised

The government has revised the existing Rural Life Insurance Scheme (RLIS) to Nu 30,000 from Nu 15,000 with effect from July 1.Read more in Kuenselonline ->

MoAF and RICBL target crop insurance implementation by year end

By the end of this year, a crop insurance scheme is to be implemented in the agriculture sector in Bhutan. It will provide a hitherto absent safety net to the policy subscribers, among 70 percent of the country’s population, that are dependent on agriculture.Read more in The Bhutanese ->

Our Address
Head Office: Post Box 315,
Norzin Lam, Thimphu
E-Mail: contactus@ricb.com.bt
feedback@ricb.com.bt
Visitor count: web counter
Regional Office: Post Box 77;
Phuentsholing
Our Auditors
T.R.CHADHA & Co., Chartered Accountants, 359, Ground floor, Udyog Vihar, Phase-II, Gurgoan 122016(HR)