Inter Pan, one of Asia’s largest real estate companies, signed a partnership agreement on 19 November with KBZMS to provide free Arrawjan Health Insurance to its investors in Myanmar.
With this partnership, KBZMS will be able to provide the health insurance, intensive care insurance, personal injury insurance to the Inter Pan’s clients, and this can pave the way for significant expansion of the health insurance coverage across Myanmar.
“I am glad to cooperate with Inter Pan. We have the same ambition to improve our customers’ quality of life by providing the right product solutions. With this cooperation, we hope to accelerate the growth of Myanmar’s health insurance market,” said Mr Jyothish Parameswaran Mohini, the head of commercial KBZMS.
“Inter Pan Investment Company is committed to mitigating the financial loss of the clients caused by unforeseeable health events in times of uncertainty by endowing free Arrawjan Health Insurance,” said Ana Victoria, the Regional Director of Inter Pan.
KBZMS, Myanmar’s leading insurance company, is rapidly expanding its customer base with Partnership Agreements and technological upgrades.
IKBZ Insurance signed a partnership agreement with Japanese giant Mitsui Sumitomo Insurance to form a joint venture called KBZMS, and it is the first officially- licenced private insurance company in Myanmar with a minimum capital of K40 billion (US$ 26.4 million).
IKBZ has 21 branches in 19 cities including Yangon, Mandalay, Nay Pyi Taw, Taunggyi, Pyay, Pathein, Sittway, Magway, Meiktila, Pakokku, Monywa, Kalay, Myitkyina, Lashio, Bago, Mawlamyine, Myeik, Myingyan and Tachilek. It offers a full range of general insurance products from motor to property, fire, shipping and health insurance for individuals and groups. Inter Pan has been a multinational finance company since 1990 with 50 branches worldwide. In three decades, the company was awarded Best Futures Brokerage Award, Brokerage with Largest Volume of Multilateral Transactions Award, Most Trusted Futures Broker Awards and Most Compliant Futures Broker Awards.—GNLM (Translated by Hay Mar)