RICBL Insurance

Bhutan Post is the Corporate Agent of RICBL and our trained staff  provides both Life and Non-life Insurance services through all our post offices. We entered into Agreement with RICBL on 07/05/2021.

Postal Transit Insurance:

For lost items Bhutan Post pays our customers 130SDR for non-documents and 30SDR for documents, exchange rate calculated at prevailing rate on the date of claim payment.

We also now provide insurance facility to insure your expensive items which are in transit. You can insure almost everything:

Postal Instant Cover for Expensive items:

Consignment: Fresh Matsutake, Chodrom, silk gho & kira, honey, cordyceps etc.

Insurance Period: 3 months

Coverage: Worldwide and within Bhutan

Mode: Air, land & sea

Basis of valuation: Insured’s declared value/Invoice value

Rate: 0.31% (fixed rate for all)

Deductible excess: 20% of consignment value

Coverage: ALL Risk

• Loss/damage to subject matter
• Theft, non-delivery and anonymous losing
• Transshipment Risks

Exclusions: Standard Exclusion

• Mis-delivery arising out of incorrectness or incomplete address written by sender/insured
• Damage /lost content cases where there is no visible damage to the package
• Fraud

Claims Procedure

• Intimate Bhutan Post and lodge a written complaint on the lost item immediately on non-delivery, along with the tracking number of consignment.
• Claim forms, report of non-delivery from counterpart, photographs, invoices (if any) and tracking details, on collection  shall be submitted to RICBL and loss refunded.

Cover Note form available here

For other Non-Life general insurance, please visit the following link:

https://www.ricb.bt/general_insurance

For Life Insurance product details, please visit the following link:

https://www.ricb.bt/life_insurance

All these Insurance services can be available through any of our post offices. The contact details of the Insurance Agents as given below:

List of RICBL Corporate Agent Representatives