www.myanmarinsurance.com

MyanmaInsurance.com
Private Insurance will be allowed and applications can be submitted by
2nd May - accoridng to Myanma Insurance Official.

Application will be sold from 2nd May and will be accepted by 1st
June. All submission of application will be closed on 29th June and
screening process will start said U Maung Maung Thein of Myanma
Insurance.

6 types of insurance will be allowed including Life Insurance, Car
Insurance, Fire Insurance etc.

Paid up capital of 46 billion kyats is needed from which 40% of the
paid-up capital has to remain in the bank account.

Interested parties will have to get approval from Myanma Insurance
first and when approved, they have to register company (the word
"Insurance" must be in the company name). Co-operative societies will
not be allowed Insurance License.

It is likely that only private banks will consider going into
Insurance Business.

Myanmar Insurance

Law Firms in Myanmar - Insurance Defense: Find Law Firms in Myanmar by Location and Area of Practice.

Myanmar Insurance incorporated in 1952, Myanmar Insurance with its network 0f 38 branches established all over Myanmar, including one divisional/state office in each capital city of 14 States and Divisions is the Sole State-Owned Insurance Organization in Myanmar. The classes of insurance are as follows:---

  • Life insurance
  • Marine insurance
  • Aviation insurance
  • Travel insurance
  • Engineering insurance
  • Fire insurance
  • Miscellaneous insurance
  • Third Party Liability insurance
  • Comprehensive Motor insurance
  • Oil and gas insurance
  • Reinsurance

     
Various Kind Of Insurance Services Are Provided By Myanmar Insurance In Time
According to the official announcements of Myanmar Insurance, they spend 253915074.79 kyats & 5000 FECs for the compensation of 8 types of insurances. They recouped for Third Party Liability Insurance, Miscellaneous Insurance, Travel Insurance, Life Insurance, Health Insurance.
Source : Myawaddy Newspaper 25th September, 2011.
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