Myitmakha News Agency
Dawei, August 23 – few bus operates which run services within southern Myanmar’s Tanintharyi Region, and to destinations in other parts of the country, offer life insurance to their passengers, states U Win Soe, chair of the Dawei district Supervisory Committee for Private Vehicles.
“[Bus operators] in other regions have been providing life insurance for a long time now. But, since there is a reluctance of bus companies in Tanintharyi Region to provide such a service, I urge them to take out life insurance for their passengers with the trust worthy and reliable IKBZ,” said U Win Soe.
From a total of 50 bus operators – which runs services solely within Tanintharyi Region, to destinations in Thailand and those which arrive in the region from other parts of the country – only 15 within the Dawei district have taken out insurance with IKBZ, the insurance provider sister of the Kanbawza Group of Companies.
A K300 life insurance policy per passenger per trip reportedly pay outs between K60,000 to K2.4 million if a passenger sustains an injury during their trip, and between K3 – 60 million per passenger in case of a loss of life, says U Htun Htun, a official from the Dawei IKBZ office.