Bank Of Baku

Gala Life carries out the first payment

Gala Life carries out the first payment
# 02 September 2011 13:24 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Gala Life insurance company realized the first payment on “Compulsory insurance from the situations of losing of labor ability at the result of industrial accidents and occupational diseases”.

One of workers of the construction company died and Gala Life paid AZN 12,484 on this incident.

Remind that, Gala Life has been in operation since 2008. Among the shareholders of the company are AzRe reinsurance company (88%) and one individual (12%).
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THE OPERATION IS BEING PERFORMED