Rating Rationale:

Alpha Credit Rating Limited has assigned the Long-Term Rating of Chartered Life Insurance PLC as at AA- (pronounced as Double A minus) and the short-term rating at ST-2 on the basis of audited financials up to December 31,2022 along with other relevant quantitative and qualitative information. Chartered Life Insurance PLC thanks to all valued stakeholders for making it happen. The company is upbeat about the further upswing of its rating in the future.