Phone09 45770 0011 Monday - Friday9AM - 5PM OfficeNo.886/888, Pyay Road, 9 Miles, Yangon.
OfficeNo.886/888, Pyay Road, 9 Miles, Mayangone Tsp, Yangon.
Mail Toinfo@younggeneralmm.com
Phone09 4577 00 110
Monday - Friday9AM - 5PM

PROPERTY INSURANCE

Young Insurance General

Insurable Products

  • Buildings
  • Furnishings
  • Machinery
  • Tools
  • Goods

Eligibility

  • Owner
  • Joint-owners
  • Spouse of owner
  • Any person who owns the property

Insured Period

  • The term of the policy will be 10 days to 1 year and can be renewed on a yearly basic.

Premium

The premium amount depends on:

Building class

Occupation of building

Adjacent of the building

Total sum insured

Premium Rate

Minimum 0.13%

Maximum 3.50%

Classification of Building

  • 0.20% on the sum Insured for the first class building
  • 0.28% on the sum Insured for the second class building
  • 0.84% on the sum Insured for the third class building
  • 1.40 % on the sum Insured for the fourth class building

 

Basic Coverage

  • Fire
  • Lightning
  • Explosion caused by gas used for domestic purpose
  • Losses or damages of extinguishing
Young Insurance General

Additional Covers

Riot,strike and malicious damage 0.06%
Earthquake and volcano explosion 0.10%
Various types of storm 0.20% ~ 0.25%
Flood and inundation 0.10%
Subsidence and landslide 0.10%
Burglary 0.25% ~ 1%
War Risk 0.10%
Young Insurance General

Claim Producer

One should inform to the company if any loss occur.

One should request the claim together with some required documents.

No Claim Bonus

25% bonus on premium starting from second year for not having a claim in the previous year .

Need to inform

if the insured item move to different place

if the owner of the insured item change .

if the value of the insured item change.