Prudential Myanmar Opens New Office in Mandalay, Underscoring Growth Ambitions and Strengthening its Presence in Upper Myanmar
Prudential Myanmar Life Insurance Limited (Prudential Myanmar) officially opened its new office in Mandalay, Myanmar’s second-largest city, on 6 May 2024. This expansion underscores Prudential Myanmar’s ambition to strengthen its presence in Upper Myanmar and widen access to its comprehensive life and health insurance solutions and services for communities in Mandalay and surrounding regions.
Image: Prudential
The new office, located at No.151, Shop No.2, ibis Styles Mandalay Centre Hotel, corner of 35th and 54th streets, Chan Aye Thazan Township, Mandalay Region, is Prudential Myanmar’s second office in the country, adding to its headquarters in Yangon. Prudential Myanmar customers will benefit from easier access to insurance plans, enhanced support including insurance claim services, and personalised guidance from qualified insurance professionals.
“We are thrilled to open our new office in Mandalay, which marks a significant step in Prudential Myanmar’s aim to extend insurance benefits to a wider population across the country. The new office will play a crucial role in bringing our life and health insurance solutions directly to the Mandalay community and wider Upper Myanmar region. This expansion will empower many more individual and group customers to plan for a brighter future and secure their lives through the financial protection that insurance provides. We are proud to contribute to the growth of Upper Myanmar and Mandalay, and we look forward to serving the community for years to come,” shared U Naing Aye Lynn, CEO of Prudential Myanmar.
Image: Prudential
Protecting Lives, Shaping Futures
Prudential Myanmar, guided by its mission of “For Every Life, For Every Future,” strives to protect the lives and futures of individuals and families in Myanmar by offering a diverse range of simple and accessible financial and health solutions. Since commencing operations in the country in 2019, Prudential Myanmar has been supporting national efforts to raise life insurance penetration and promote financial inclusion in the country.
The company offers a range of insurance products, including standalone life insurance, life insurance with savings components, and health insurance. Recently, Prudential Myanmar introduced a new life insurance product series named PRUFlexiprotect, which can be customised according to the needs of individual and group customers and provides comprehensive coverage for critical illness and loss of life.
“This year, we are promoting the message of: Let’s be protected by Prudential Myanmar Life Insurance for a healthier future. We encourage people in Myanmar to prioritise wellness and security for themselves and their loved ones. We believe that by safeguarding ourselves and our loved ones, we pave the way for a brighter future filled with possibilities,” added U Naing Aye Lynn.
Image: Prudential
Widening Access to Insurance in Myanmar
In addition to the new office in Mandalay, Prudential Myanmar is expanding its agent network across the country. This agent network is a team of qualified insurance professionals who represent Prudential Myanmar in various locations to bring insurance solutions even closer to communities. Through its bancassurance partnership with Yoma Bank, Prudential Myanmar’s life and health insurance products are also available at 67 Yoma Bank branches throughout Myanmar.
Looking forward, Prudential Myanmar plans to expand its presence across Myanmar with new offices in major cities, and to introduce new innovative insurance solutions tailored to the needs of people in the country.
Image: Prudential
Prudential Myanmar’s Strong Performance in 2023
The opening of the Mandalay office follows Prudential Myanmar’s outstanding performance in 2023, according to the 2023 Myanmar Insurance Association Report. The company solidified its position as a leading insurer in the country, and was ranked #1 in Myanmar in the Bancassurance & Enterprise Business segment. Prudential Myanmar was also ranked #6 among all insurers and #2 among foreign insurers, and achieved significant year-on-year growth.
Prudential Myanmar’s team of dedicated professionals is ready to provide personalised assistance and guidance to help customers make informed decisions about their insurance needs and secure their financial future. For more information about Prudential Myanmar’s life and health insurance products, please visit www.prudential.com.mm/mm/all-products.
Image: Prudential
Individuals and businesses in Mandalay are welcome to visit the Prudential Myanmar office in Mandalay, located at ibis Styles Mandalay Centre, to learn more about the insurance solutions and services available. For enquiries and customer support, please call Prudential Myanmar’s hotline: +95 977 011 0010 or email to info@prudential.com.mm.
