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Rescheduling of Announcement of Winners of Life Insurance Business to 5 April 2019

RESCHEDULING OF FORMAL ANNOUNCEMENT OF
PREFERRED APPLICANTS FOR THE REQUEST FOR
PROPOSAL TO APPLY FOR A LICENCE FOR LIFE INSURANCE
BUSINESS IN MYANMAR TO BE OPERATED BY A FOREIGN
INSURER THROUGH A 100% WHOLLY-OWNED SUBSIDIARY

  1. The Request for Proposal issued by the Ministry of Planning and Finance stated that the lists of preferred foreign life insurers will be announced on 29 March 2019.
  2. Due to continued selection process, the Ministry of Planning and Finance would like to inform that the list of the preferred foreign life insurers will be announced on 5 April 2019 (Friday).
  3. In order to preserve the four (4) weeks window for eligible unsuccessful applicants to prepare for submission of an Expression of Interest (“EOI”) to form a joint venture with an eligible local life insurer, the deadline for submission of the joint venture EOI has been correspondingly rescheduled to 3 May 2019, 1200 hours local time.

You can find the announcement on 5th April 2019 of provisional winners of the life insurance license by clicking here

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