Bank Of Baku

Pasha Life collects AZN 6 mln insurance premium on new compulsory insurance type

Pasha Life collects AZN 6 mln insurance premium on new compulsory insurance type
# 30 June 2011 12:33 (UTC +04:00)
Baku. Elnur HUseynguluyev – APA-Economics. Azerbaijan-based Pasha Life has collected AZN 6.121 mln insurance premium on loss of occupational disability as a result of industrial accidents and occupational diseases, during January-May, 2011, said the Deputy Chairman of Board of Directors Niyaz Ismayilov.

According to him, the company has been in operation since February, 2011 and insured 150,000 employees of over 300 companies and enterprises. According to initial calculations, the insurance premiums on loss of occupational disability as a result of industrial accidents and occupational diseases made over AZN 300,000.

He noted that, the total insurance premiums were over AZN 6.350 mln. As it seems, the share of premiums on loss of occupational disability as a result of industrial accidents and occupational diseases in total insurance premiums made 96.4%.

Note that, Pasha Life was registered in November 24, 2010.
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