Kathmandu: Citizen Life Insurance Company’s Chief Executive Officer Poshak Raj Poudel has drawn Rs. 88 lakh 4 thousand against his annual salary, perks, and other benefits for the financial year 2077-78. According to the annual report of the company, CEO Paudel received Rs. 73 lakh 34 thousand against his salary and allowance only.
He received Rs. 14 lakh 51 thousand under the employee bonus. Citizen Life has paid Rs. 10,500 for accidental insurance and Rs. 7,500 for health insurance.
Directors of the company have received Rs. 4,56,000 for meeting allowance during the previous FY. Rs. 5 crores 48 lakhs has been received by the employees of the higher management level. In this financial year, after the audit, the profit of the company is 300 million rupees. The company has announced the fifth annual general meeting on 15th Magh 2079. The agenda of IPO issue at premium price will be one of the major agendas of the AGM.