Bhutan Insurance Limited
BIL was incorporated under the Companies Act of the Kingdom of Bhutan 2000 in the year 2009, and licensed to engage in the business of General Insurance by the Royal Monetary Authority of Bhutan in pursuant to Part II of the Financial Institutions Act of Bhutan 1992. BIL is listed with the Royal Securities Exchange of Bhutan Limited (RSEBL) since 2009. BIL enjoys the patronage of both large corporate and individual clients. BIL is also authorized by the RMA to provide Financing & Investment services and manage Private Provident Fund (PPF) & Gratuity Fund (GF). Two private individuals promoted the Company with little over 60% of the equity share owned by the public.
Upon incorporation, BIL started its operations on 20th August 2009, and today has a countrywide network connected through the latest technology for quick communication and response in over 13 dzongkhags. BIL expanded their service network progressively with Head Office in Thimphu, Branch Offices in Phuentsholing, Paro, Wangduephodrang and Gelephu, and Extension Offices in Trashigang, Tsirang, Bumthang, Mongar, Trongsa, Samdrupjongkhar, Samtse and Zhemgang.
The Company today employs more than 80 staff and provides various non-life insurance products for individuals, corporate bodies, and small & medium size enterprise throughout Bhutan. BIL also offers re-insurance services and has partnered with well-established global reinsurance companies.
BIL holds 6.77% equity share in FITI.