Citizen Life Insurance appoints Mr. Poshak Raj Paudel as CEO

Citizen Life Insurance has appointed Mr. Poshak Raj Paudel as its new CEO. Mr. Paudel who has overall managerial experience of 10 years has received permission from Insurance Board to function as the CEO. Mr. Paudel was financial head at Metlife Insurance before being appointed as CEOof Citizen Life Insurance, as per the press note. The recently opened insurance company has an issued capital of Rs 2.5 arba while has a paid up capital of Rs 1.75 arba and is mulling to float the IPO worth of Rs 75 crore to general public in near future.