DownloadThe MyRICB mobile application, developed by the Royal Insurance Corporation of Bhutan Limited, serves as a secure and user-friendly platform designed to streamline various insurance-related tasks. With this app, users can effortlessly manage their financial obligations, including repaying loan installments, depositing life insurance and deferred annuity premiums, and accessing detailed information about their loans and insurance policies. Additionally, the app facilitates payments on behalf of others and allows users to generate online statements for loans, private provident funds, and group insurance schemes. To begin using the app, users must register and verify their account by entering a one-time password (OTP) sent via SMS. Remarkably, all these services are provided to users at no cost.
Advantages of the MyRICB Mobile Application:
Repayment of Loan Installments: The app simplifies the process of paying loan installments, allowing users to make these payments directly and conveniently from their mobile devices.
Deposit of Life Insurance Premium: Users can easily deposit their life insurance premiums through the app, which saves time and reduces the effort typically associated with these transactions.
Deposit of Deferred Annuity Premium: Similarly, the app offers a straightforward method for depositing deferred annuity premiums, enhancing user convenience.
Viewing Details of Loans and Insurance Policies: MyRICB provides users with immediate access to comprehensive details about their loans and insurance policies, ensuring they stay informed about their financial status.
Payment on Behalf of Others: The app's feature to make payments for friends, family, and relatives adds a layer of convenience, making it easier to manage finances on behalf of loved ones.
Generating Online Statements: Users can generate essential online statements, including loan statements, private provident fund statements, and group insurance scheme memos, which simplifies the tracking of their financial transactions.
In summary, the MyRICB app stands out as a free, secure, and efficient tool that caters to a wide array of insurance and financial management needs, making it an invaluable resource for users in Bhutan.
