(The first ever digital insurance service in Myanmar is offering health and personal accident insurance coverage for MPT customers)
(Yangon, 19th October 2020) – MPT, Myanmar’s first and leading telecommunications operator, has launched “MPT U-Life Digital Insurance” Service underwritten by two of the leading insurance companies, GGI Nippon Life and AYA SOMPO Insurance. The new digital insurance service the first of its kind in Myanmar, providing comprehensive coverage for general healthcare and personal accident protection for its customers.
Having access to quality healthcare is more vital than ever during the challenging times of COVID-19 pandemic and as such the operator is staying true to its promise of “Keeping Myanmar Connected” by offering enhanced digital insurance services for its customers, ensuring peace-of-mind and security.
MPT is partnering with GGI Nippon Life to offer Health Insurance called Zi Wa Ka and AYA SOMPO Insurance for Personal Accident Insurance called Thet Taw Saunt for MPT SIM Users. MPT users can effortlessly purchase the above two insurance policies to protect themselves and their loved ones, from the convenience of their own homes via MPT4U application and MPT Website, SMS notification and MPT U-Life Digital Insurance Webpage http://bit.ly/U-life-Eng.
Dr. Noboru EDAGAWA, Dy CEO of MPT-KSGM JO, said: “The COVID-19 pandemic is impacting people around the country and changing our way of life. During these challenging times, we want to ensure that our customers are staying healthy and happy and as such we have partnered with two prominent insurance companies to provide Myanmar’s first ever digital insurance service, providing our customers access to vital health and personal injury insurance coverage. Our innovative digital service brings the benefits of comprehensive insurance protection along with convenience and peace-of-mind for our customers who are staying at home due to the pandemic.”
From 19th October, customers can purchase Zi Wa Ka health insurance policy underwritten by GGI Nippon Life which provides comprehensive hospitalization coverage in case of hospitalization from sickness or death caused by diseases and COVID-19. There is an additional lump sum payment of 200,000 Ks (valid till 31 December 2020) if any person covered under Zi Wa Ka is diagnosed with COVID-19. Every MPT SIM user between 6 and 75 years old can purchase Zi Wa Ka health insurance policy. However, parents or guardians of children between the ages of 6 and 18 will be required to insure them under their insurance plans.
“In line with our customer-centric focus, GGI Nippon Life is pleased to partner MPT to provide Myanmar’s first digital insurance service. With the convenience of buying MPT U-Life Insurance digitally, MPT customers all over Myanmar can now be protected by our Zi Wa Ka health insurance. In this challenging period, GGI Nippon Life is proud to be able to support Myanmar consumers by improving their access to health insurance coverage and offering a peace of mind.” said Mr. Tan Yeow Hau, CEO of GGI Nippon Life.
The Thet Taw Saunt personal accident insurance is underwritten by AYA SOMPO Insurance and will be available on the MPT platform by the end of October 2020. Customers can purchase coverage against personal accidents resulting in injury, total permanent disabilities, and death where insured person will be entitled for a payout amount between 500,000 Ks and the maximum amount of Ks 100 lakhs. MPT customers aged between 16 and 60 years are eligible to purchase, however, persons between 16 to 18 years of age can apply for coverage through their parents and guardians
““Objective is to ensure we make insurance simple and accessible. Therefore, digital platforms/ technology has become an important medium to achieve accessible, creating awareness amongst the public in a short period of time. This in turn creates awareness on insurance and will contribute to the country’s insurance penetration.” said U Myo Min Thu, CEO of AYA SOMPO Insurance.
The “MPT U-Life Insurance” service is designed to simplify access to insurance products, especially for those customers who have never purchased insurance coverage before, with a promise that challenging moments of their lives will be covered.
Deduction of premium is possible through a mobile airtime account or direct MPT Money transfer. Additionally, all the insurance customers between 19 October and 18 November can receive rewards with every insurance plan purchase.
MPT customers can seamlessly use MPT4U application to manage their accounts from the convenience of their own homes. MPT4U App for iOS and Android can be downloaded from https://bit.ly/MPT4Ufree or by dialing USSD code *4040# to receive a download link .
For more information, please visit MPT U-Life Digital Insurance website http://bit.ly/U-life-Eng or the official MPT Facebook page at https://www.facebook.com/mptofficialpage/ or MPT official website www.mpt.com.mm for further details on MPT’s products and services.