Insurance payments on life insurance make AZN 335.6 thousand in Azerbaijan last year

Insurance payments on life insurance make AZN 335.6 thousand in Azerbaijan last year
# 06 April 2011 15:14 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In 2010, 1 403 insurance accidents on life insurance contracts have been observed in Azerbaijan and insurance payments on these accidents made AZN 335.605 thousand. According to Finance Ministry, the number of accidents on non-life insurance made 99 389, payments – AZN 55.053 mln.

In general, 1 051 816 insurance contracts have been signed in 2010. 10 703 of them were on life insurance and insurance payments were planned to be implemented to 16 189 persons for insurance accidents.

Most of them are death and living insurances. Thus, 12 535 persons have been insured on 9 386 death insurance contracts, 1 236 persons – on 1236 living insurance contracts.

Number of contracts on non-life insurance stood at 1 041 113. 657 888 of them were voluntary, 383 225 – compulsory.

Insurance guarantees have been given to 103 868 real estate objects in accordance to 102 307 contracts on Property Fire Insurance, 48 937 vehicles in accordance to 44 585 Vehicle insurance contracts, 59 094 cargoes in accordance to 59 056 Cargo insurance contracts.

At the same time, the guarantees have been given to 410 438 persons on 371 970 Personal Accident and Diseases Insurance contracts, 63 122 persons on 34 740 Health Insurance contracts, 64 939 persons on 59 767 Travelling persons insurance contracts.

348 854 compulsory insurance contracts of 383 225 concerned to motor vehicle liability insurance, 15 909 to Fire insurance. 391 vehicles and 15 985 real estates have been given insurance guarantees.
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