Thursday, 27 March 2014

Capital Life Insurance launched with US$ 6 million in capital

Capital Life Insurance was launched on Sunday (March 23) and will exclusively sell life insurance policies starting with capital of about Ks 6 billion (US$ 6 million).

“Current life insurance policies can be transformed into the kind that have the public’s interest in mind,” said Deputy Finance Minister Maung Maung Thein.

Capital Life will write various types of life insurance policies. The company is one of the businesses of Ko Ko Gyi, a famous tycoon under this and previous successive governments.

source: Eleven Myanmar
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