Bank Of Baku

Pasha Sigorta delivers life insurance portfolio to Pasha Hayat insurance company

Pasha Sigorta delivers life insurance portfolio to Pasha Hayat insurance company
# 07 May 2011 08:28 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s Pasha Sigorta delivered life insurance portfolio completely to Pasha Hayat insurance company, said State Insurance Control Service of the Ministry of Finance, APA-Economics reports.

Pasha Hayat insurance company was officially registered on November 24, 2010 and received five-year license for insurance operations on February 14, 2011. The company’s registered capital was AZN 7 million to April 1, 2011. It gained AZN 3.1 million of insurance fee in first quarter of this year, including AZN 2.48 million (80%) for obligatory insurance from loss of labor capacity during industrial accidents and diseases, AZN 0.465 million (15%) for group life insurance, AZN 0.155 million (5%) for life insurance of debtors.
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