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Pasha Life insurance company carries out the first payment on a new kind of compulsory insurance

Pasha Life insurance company carries out the first payment on a new kind of compulsory insurance

30 June 2011 14:02 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. Azerbaijan-based PASHA Life insurance company realized the first payment on â€œCompulsory insurance from the situations of losing of labor ability at the result of industrial accidents and occupational diseasesâ€, deputy board chairman Niyaz Ismayilov told APA.

To him, a family member of a worker of repair and construction company, who died as a result of electric shocks, Pasha Hayat paid AZN 11.287.

Note that the Pasha Hayat Sigorta was registered on November 24, 2010, on February 14, this year, it received a license for insurance activities (5 years). As of June 1, 2011, its authorized capital made AZN 7 mln. The volume of premiums collected by the company in January-May 2011 amounted to AZN 6.350 mln, including â€œCompulsory insurance from the situations of losing of labor ability at the result of industrial accidents and occupational diseasesâ€ â€“ AZN 6.121 mln.

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