Rating Rationale:

Alpha Credit Rating Limited has assigned the Long-Term Rating of Chartered Life Insurance Company Ltd as at A+ (pronounced as A plus) and the short-term rating at ST-2 on the basis of audited financials up to December 31,2021 along with other relevant quantitative information. Chartered Life Insurance Company Ltd thanks to all valued stakeholders for making it happen. The company is upbeat about the further upswing of its rating in the furture.