Home MMBIZ News Free Insurance for SEA Games Athletes

Free Insurance for SEA Games Athletes

Myanmar athletes competing in the upcoming 27th Southeast Asian (SEA) Games will receive free medical and health insurance, state-run Myanmar Insurance Enterprise (MIE) said.
The insurances to the athletes will be provided in cooperation with private companies, MIE, which is under the Ministry of Finance, said.
Every athlete will receive insurance worth K5 million ($5,000), making the total insurance amount K5.01 billion ($5 million) for 1,002 sportsperson from Myanmar.  
The premium for the insurance is K10,000 ($10) per sportsperson, totalling K10.02 million ($10,020) for all athletes.
Currently, athletes have to bear the cost of medical and health insurances themselves.
“Myanmar sportspersons will be provided free insurance during SEA Games with cooperation between MIE and private insurance companies,” deputy union minister for finance Dr Maung Maung Thein said.
“Insurance companies will collaborate to honour Myanmar’s athletes who will take part in the SEA Games.”
The free insurance will be available until the SEA Games ends on December 22.
Foreign athletes will also be provided medical and health insurances, MIE said. Foreign sportspersons will be able to receive up to $50,000 worth medical and health insurance, and the premium would be $100, according to an MIE source.

- Advertisment -

Must Read

KBZ Bank branch in Yangon downtown area robbed

A KBZ Bank branch located on the Maha Bandoola Road between 47th and 48 streets was robbed by a group of masked robbers this...