Tuesday, September 19, 2017

Myanmar insurers to start selling health insurance

Deputy finance minister Maung Maung Thein was quoted as saying that state-owned Myanma Insurance and 11 local private firms are set to start selling health insurance policies.

The identical health insurance policies will be sold at about US$45 per unit. The health insurance policies will be sold under a one-year trial that will start on 1 July.

Further details about the health insurance were not immediately available.

Earlier, three foreign insurance companies were given licences to operate in Myanmar as part of the opening up of the domestic insurance market and officials said they will consider giving more.

The temporary licences allow the three foreign insurers to operate at Thilawa special economic zones.

There are currently 16 representative offices of foreign insurers in Myanmar.

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