RICB signs milestone social security schemes

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The Royal Insurance Corporation of Bhutan Limited has signed a Memorandum of Understanding (MoU) with the Royal Civil Service Commission (RCSC) and the Army Welfare Project (AWP). RCSC shall insure all ex-country scholars managed by RCSC under the Student’s Health Insurance Scheme. Through the health insurance, RICBL shall provide immediate medical services to the scholars through the network of more than 4,500 hospitals empanelled by RICBL in India, Thailand and Sri Lanka. AWP, on the other hand, will insure all the employees under the Ten-tsai Mangul Ngenchoel, a new life insurance scheme. This was initiated by AWP as an employee welfare scheme and AWP is the first organization in the country to buy a life insurance policy for its employees. For RICBL the above initiatives mark yet another milestone in providing social security to the citizens of the country.

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