STATE-RUN Myanma Insurance has paid third-party insurance compensation to the families of each of the victims of a bus accident in Yangon’s Hlaing Tharyar township that killed seven passengers and injured 10 earlier this month.

“The families of those who died in the accident will get K100,000 in third-party insurance this week,” Dr Mg Maung Thein, the general manager of Myanma Insurance, said last week.

The accident involved a collision between a city bus on the Shwe Ei The line and a light truck carrying passengers on the 224 bus line near Aung Zeya Bridge.

“Most of the deaths and injuries were caused when the light truck overturned on its left side,” said a spokesperson from the Yangon Traffic Police Force.
Dr Mg Maung Thein said the Shwe Ei The bus line also carried comprehensive motor insurance.

“If police determine that the collision was caused by Shwe Ei The, each family of those who died in the accident will also get K300,000 in comprehensive motor insurance compensation,” he said.

The company will also pay compensation to the 10 people who were hurt in the accident, according to the extent of their injuries, he said.

Myanma Insurance has paid out more than K80 million in comprehensive motor, third-party, travel, marine cargo and seamen life insurance since the beginning of this year.