RESCHEDULING OF FORMAL ANNOUNCEMENT OF
PREFERRED APPLICANTS FOR THE REQUEST FOR
PROPOSAL TO APPLY FOR A LICENCE FOR LIFE INSURANCE
BUSINESS IN MYANMAR TO BE OPERATED BY A FOREIGN
INSURER THROUGH A 100% WHOLLY-OWNED SUBSIDIARY
- The Request for Proposal issued by the Ministry of Planning and Finance stated that the lists of preferred foreign life insurers will be announced on 29 March 2019.
- Due to continued selection process, the Ministry of Planning and Finance would like to inform that the list of the preferred foreign life insurers will be announced on 5 April 2019 (Friday).
- In order to preserve the four (4) weeks window for eligible unsuccessful applicants to prepare for submission of an Expression of Interest (“EOI”) to form a joint venture with an eligible local life insurer, the deadline for submission of the joint venture EOI has been correspondingly rescheduled to 3 May 2019, 1200 hours local time.
You can find the announcement on 5th April 2019 of provisional winners of the life insurance license by clicking here
