Notification of Healthcare and Travel Insurance for foreigner

Meeting on Services related to Health Insurance and its benefits was held at Myanma Insurance on November 19th, 2015.

Discussed points:

A) The insurance will be sold in units and the price is USD 2 per unit. Maximum claim allowed will be USD 2500 and each individual can buy 20 units.

B) In Myanmar currency, the price will be 500 kyat per unit, the benefit will be 500,000 , valid for 7 days.

C) 8% commission reserved for Travel Agents.

D) Travel Insurance for outbound agency is also available.

E) They will distribute the list of name and location of the hospital and the available services for the foreigner who are also the member of Myanmar health and general services association.

F) They will create the small team named Health Care and General Association and they will do the necessary coordination.

myanmarinsurance First National Insurance
Assuring Peace of Mind the Essence of Life
ပထမအမ်ဳိးသား အာမခံ အမ်ားႏွင့္သက္ဆိုင္ေသာ ကုမၸဏီလီမိတက္ First National Insurance Public Co.,Ltd မွလုပ္ငန္းမ်ား စတင္၀န္ေဆာင္မႈေပးေနၿပီ ျဖစ္ေၾကာင္း သတင္းေကာင္းပါးအပ္ပါသည္။

  • အသက္အာမခံ
  • မီးအာမခံ
  • အလံုးစံုေမာ္ေတာ္ယဥ္အာမခံ
  • ေငြသားလံုၿခံဳမႈအာမခံ
  • ေငြပို႔ေငြသယ္အာမခံ
  • သမာဓိအာမခံ

  • First National Insurance
  • Public Company Limited.
  • No.400-406, Merchant Street,ံ
  • Botahtaung Township, Yangon, Myanmar.
  • Tel: 01-8610661-5, Fax: 01-8610675-6
  • E-mail:

ikbzlogo IKBZ
Insurance Co.,LTD

IKBZ offers six different kinds of insurance coverage
Monday, June 03, 2013

International Kanbawza Insurance Company (IKBZ) launched insurance services yesterday and it is offering a total of six different kinds of coverage.
"IKBZ set up a 46 billion kyats capital investment in which 6 billion for life insurance and the rest for the others," the managing director Nyo Myint of the Kanbawza Group. He continued "More cash amount will be added for capital investment in the future.
The company is writing 6 different policies that are life, fire, surety bonds, transportation, cargo and money secure.
"Our life policy will cover snake bites, group life and athletic life," the principle office Tin Aye Win of the company said.
"The premium fees for the auto insurance will be priced based on auto licensing for commercial or personal use. A 10 million kyats worth auto's premium will be 160,000 kyats for commercial use vehicle and 80,000 kyats for personal use. Life policy can be purchased by a person who is age between 18 to 55 and healthy," the general manager Aung Soe Moe of the company said.
IKBZ was granted permission to operate insurance business in March. The office is located on Bosunpat Street in Yangon and the new office will be opened on Strand Street.
Source: Eleven Weekly Media

12 private insurance companies given conditional approval to start operating in Myanmar
For the first time in more than 50 years private insurance companies have been given conditional approval to start operating by the Myanma Insurance and the Insurance Business Supervisory Board (IBSB), it was revealed last week.
Twelve companies all met the standards imposed by IBSB and Myanma Insurance, an official told reporters during a September 5 press release at the meeting room of Myanmar Insurance.
U Aye Min Tun, chairman of Myanma Insurance, said the body received 20 applications, which were available between May and June, to operate insurance companies but approved only 12. He added that the companies still had to meet paid-up capital requirements and deposit the funds with Myanmar Economic Bank.
Of the 12 companies three plan to offer life insurance, which requires paid-up capital of K6 billion (nearly US$7 million) and the remaining nine planned to offer life and general insurance, which requires total capital of K46 billion or ($53 million).
“If the companies complete all the remaining steps they will be required to pay a K1 million annual fee and K3 million license fee. And before they start operating, Myanma Insurance will train their staff in how to manage an insurance system,” he said.
“IBSB will monitor the companies over the long term,” he added.
According to IBSB regulations, the companies must set up their operations and start working within 12 months, he said.
He added that Myanmar Economic Bank will return 60 percent of the paid-up capital to the companies to allow them to use it for operating expenses but will retain the other 40pc in case a company is unable to meet its obligations.
IBSB will also limit the premiums set by the companies.
The companies are:
Apex Insurance International Company,
IKBZ Insurance Public Company,
Great Future International Insurance Company,
Capital Life Ltd Insurance Application,
Global Standard Insurance Public Company,
Green Asia Insurance Company,
Jade King and Queen Service Company,
Mya Wady Insurance Company,
Pillar of Truth Insurance Company,
Citizen Business Insurance Company,
Ayeyar Myanmar Insurance Company,
Myintmo Min Insurance Company.

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.

AIA says has approval to open representative office in Myanmar

AIA Group, Asia’s third-biggest insurer, said on Wednesday that it was planning to open a representative office in Myanmar, as part of a strategy of targeting demand in fast-growing Southeast Asian economies. AIA’s chief executive, Mark Tucker, told reporters on a conference call that the company had received “provisional approval” to open the representative office, which he described as a “listening and observing post”. “It clearly once was a very attractive market and will be again,” Tucker said. A representative office allows a company to establish a presence in a country but does not permit a company to conduct business. AIA rival Prudential has previously expressed interest in Myanmar, whose insurance market could eventually produce US$1.6 billion (HK$12.4 billion) in annual premium revenues. Southeast Asia’s young populations, relatively high rates of savings and fast-growing economies are have become increasingly attractive for life insurers that have been hurt by low interest rates and an economic slowdown in the West. AIA last year bought insurance businesses in Sri Lanka and Malaysia. It said on Wednesday that it would establish a medium-term note programme to refinance part of its Malaysia acquisition. The company also reported a 27 per cent rise in its value of new business last fiscal year. That metric, which measures the present value of future business, rose to US$1.19 billion (HK$9.23 billion) in the year ended November 30, while its new business margin climbed 6.4 percentage points to 43.6 per cent. AIA’s net profit was US$3.02 billion (HK$23.4 billion) or 18 cents per share. Analysts on average had expected per-share earnings of 22 cents, according to Thomson Reuters data. Shares of AIA, which is headquartered in Hong Kong, were up 2.1 per cent in morning trade, compared with a 0.6 per cent rise in the benchmark Hang Seng index.
Source :

Global insurer to open office in Myanmar

American International Assurance, the third largest insurance group in Asia, has received permission to open a representative office in Myanmar, news agencies reported last week. "It clearly once was a very attractive market and will be again," the company’s chief executive, Mark Tucker, told Reuters. A representative office will allow the insurer to establish a presence in Myanmar but does not allow it to do business here. Myanmar’s insurance sector comprises one state-owned company and 12 private companies that were given permission to operate last year, including Japanese firms like Sompo Japan Insurance, Mitsui Sumitomo Insurance, Tokio Marine Insurance and Taiyo Life Insurance. American International Assurance is headquartered in Hong Kong and, like other insurers, is drawn to Southeast Asia by its young populations, high savings rates and fast-growing economies. Last year it bought insurance businesses in Malaysia and Sri Lanka. The value of its new business rose 27 percent, to US$1.19 billion, last fiscal year, it said. Its net profit was $3.02 billion or 18 cents per share.
Source :

ျမန္မာႏုိင္ငံတြင္ ပုဂၢလိက အာမခံလုပ္ငန္း (၁၂)ခု မၾကာမီ ထပ္မံေပၚေပါက္လာရန္ ရွိေန......

ဇြန္လေနာက္ဆုံးပတ္အတြင္း ျမန္မာႏုိင္ငံတြင္ ပုဂၢလိက အာမခံလုပ္ငန္း (၁၂)ခု ေပၚေပါက္လာရန္ရွိေၾကာင္း ဘ႑ာေရးႏွင့္ အခြန္၀န္ႀကီးဌာန
ဒုတိယ၀န္ႀကီး ေဒါက္တာေမာင္ေမာင္သိန္း၏ ေျပာၾကားခ်က္အရ သိရသည္။ "လြန္ခဲ့တဲ့ အႏွစ္ႏွစ္ဆယ္ေက်ာ္ေလာက္တုန္းက ျမန္မာျပည္က ထြက္ခြာ ... သြားခဲ့တဲ့ တစ္ဆင့္ခံ အာမခံပြဲစားကုမၸဏီေတြဟာ လက္ရွိအခ်ိန္မွာေတာ့ ျမန္မာ့အာမခံ ေစ်းကြက္ကုိ ေစ်းေလွ်ာ့ၿပီး ျပန္လည္၀င္
ေရာက္ဖုိ႕ ႔ျပင္ဆင္ ေနတာကုိ ေတြ႕ရပါတယ္။ အခုခ်ိန္မွာ EU ကလည္း ျမန္မာႏုိင္ငံကုိ လက္နက္ ကူးသန္းေရာင္း၀ယ္ေရးကလြဲၿပီး အားလုံး
ကုိ ျပန္လည္ခြင့္ျပဳၿပီး ပြဲစား ကုမၸဏီေတြ ေတာ္ေတာ္မ်ားမ်ားက ျမန္မာ့အာမခံေစ်းကြက္ကုိ ျပန္လည္ ၀င္ေရာက္ဖုိ႕ ျပင္ဆင္ေနတာ ေတြ႕ရပါ
တယ္" ဟု ေျပာၾကားသြားခဲ့သည္။ ျမန္မာ့အာမခံလုပ္ငန္းအေနျဖင့္ အာမခံပညာ တုိးတက္ျပန္႔ပြားေစရန္ ျပည္သူလူထုအတြင္း အာမခံလုပ္ငန္း
ျပန္႔ပြားေစရန္ လုိအပ္ခ်က္မ်ားကုိ ဆက္လက္လုပ္ကုိင္ေဆာင္ရြက္ရန္ ရွိေၾကာင္း သတင္းရရွိသည္။

Source : ေအးခ်မ္းမြန္ မွ ကူးယူ ေဖာ္ျပသည္။

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