New Version of Health Insurance to be Introduced Next Year

​​ Myanmar Insurance said it will launch a new version of health insurance, beginning January 2017. The MI has classified the premium rates based on the age groups. Myanmar citizens aged between 6 and 65 and foreign citizens who have already got a temporary stay permit can purchase the product. People can purchase three others […]

Insurance companies warned to follow rules or lose license

The Insurance Scrutiny Board has threatened to revoke the licenses of private insurance companies if they are found guilty of breaking rules and regulations. An amount of US$ 46 million needs to be deposited with the Myanmar Economic Bank to establish a private insurance company. 60 percent of the sum is used for company operations […]