IKBZ Insurance opens its branch in Meikhtila

Deputy Minister for Finance Dr Maung Maung Thein seen at IKBZ Insurance branch in Meikhtila.
Deputy Minister for Finance Dr Maung Maung Thein seen at IKBZ Insurance branch in Meikhtila.

IKBZ Insurance opened its new branch in Meikhtila Township, on 20 June.
The IKBZ Insurance Co Ltd. is one of 11 private firms awarded licenses to offer insurance services by Myanma Insurance, the sole state-owned insurance organization in the country.
Deputy Minister for Finance Dr Maung Maung Thein, chairman of the Myanmar Insurance Business Supervisory Board, and officials opened the new office.
At the opening ceremony, the chairman of the board said development of the insurance business could help reduce property losses.
Senior Managing Director U Nyo Myint of Kanbawza Co, Ltd. said IKBZ Insurance in Meikhtila is the13th branch in the country and the second in Mandalay.
IKBZ Insurance, which started operation in June 2013, is now providing insurance programmes including fire insurance, life insurance, automotive insurance, cash in safe insurance and sportsman’s insurance.  The company will launch health insurance on 1 July.

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