AIA Myanmar launched its operation in Myanmar on January 18 to provide high quality life insurance to meet the needs of policyholders in Myanmar. AIA is one of five wholly owned foreign life insurance providers allowed by the government to operate in Myanmar. AIA received life insurance license from Ministry of Planning, Finance and Industry in November 2019.
“We aim to build excitement around the life insurance industry and convey our promise of healthier, longer, better, lives for all. Alongside our commitment to grow the country’s blossoming insurance sector with our partners, we aim to organize more unique occasions to better connect with the people of Myanmar and achieve a brighter future together filled with even more amazing memorable moments,” said Nhon Ly CEO of AIA Myanmar.
“We believe that the country’s life insurance coverage will develop with the support of local players and foreign investment,” said U Zaw Naing, secretary of the Insurance Business Regulatory Board (IBRB).
AIA provides its service in 18 markets in Asia Pacific and provides long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. It also provides employee benefits, credit life and pension services to corporate clients.