BUSINESS – One percent of Burma’s population insured

About 700,000 people out of Burma’s population of 60 million have life insurance, according to a report from Myanmar Business Today. Aye Min Thein, managing director of state-run insurer Myanma Insurance Enterprise, said this low insurance penetration – roughly 1 percent – is due to a lack of interest. “The public has very little interest and there is a knowledge gap, so the numbers are very low,” he said. Sailors and migrant workers are the highest subscribers to life insurance, while people in the country seldom get insured.