MyRICB

MyRICB is a mobile application developed by the Royal Insurance Corporation of Bhutan Limited. It is a free and secure insurance application that offers various functionalities such as repayment of loan installments, depositing life insurance premiums, and viewing details of loans and insurance policies. Users can also make payments on behalf of others and generate online statements for loans, private provident funds, and group insurance schemes. The app requires users to sign up and confirm their registration through an OTP received on their mobiles. Additionally, users can login with their CID to access their insurance policies and loans. Payments can be made using the secured RMA Payment Gateway, and users will be notified via SMS when their policies and loans are updated. The app also allows users to track and make payments for others, generate online statements, and offers all services free of charge.

The advantages of MyRICB mobile application are:

- Repayment of Loan Installments: Users can easily make loan repayments through the app, making it convenient and hassle-free.

- Deposit of Life Insurance Premium: The app allows users to deposit their life insurance premiums, making it easier to manage their insurance policies.

- Deposit of Deferred Annuity Premium: Users can also deposit their deferred annuity premiums through the app, ensuring timely payments and hassle-free transactions.

- Viewing details of Loans and Insurance Policies: The app provides a platform to view all the necessary details of loans and insurance policies, allowing users to keep track of their financial information.

- Payment on behalf of others: Users can make payments on behalf of their friends, family, and relatives by selecting the "PayForOthers" option. This feature allows for easy management of multiple payments in one place.

- Generating online statements: The app enables users to generate various online statements such as loan statements, private provident fund statements, and group insurance scheme memos. This feature provides easy access to important financial documents.

Overall, MyRICB app offers a range of convenient and secure functionalities for users to manage their loans, insurance policies, and payments, all in one place. It is also free of charge, making it accessible to all users.