November 04, 2016

Breaking News

Myanma Insurance pays compensation of Ks44 million as fire insurance

Compensation paying ceremony of Myanma Insurance in progress.
Compensation paying ceremony of Myanma Insurance in progress.

Myanma Insurance paid out over Ks 44 million to households who bought premium for the fire insurance in Mandalay highway express supervisory committee hall on 3 November.
The building was destroyed by the fire around 6 pm on 20 October. The compensation for fire insurance is paid depending on the amount of the losses.
“Buying the insurance premium can protect the insurers, and the burden upon government can be reduced. Two out of 10 houses from the town buy the fire insurance premium,” said U Aye Min Thein, Managing Director of Myanma Insurance.
The compensation awarding ceremony was attended by the authorities of Myanma Insurance and staff from the relevant departments.

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