Bank Of Baku

PASHA Life insurance company’s revenues reaches AZN 7.3 mln.

PASHA Life insurance company’s revenues reaches AZN 7.3 mln.
# 03 October 2011 08:35 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In January-September, 2011, PASHA Life insurance company collected premiums at amount of AZN 7.3 mln, insurance payments during this period made AZN 86.3 mln, deputy board chairman Niyaz Ismayilov said.

To him, AZN 6.578 mln (90%) of premiums falls on share of compulsory insured persons from the situations of losing of labor ability at the result of industrial accidents and occupational diseases, AZN 160 mln (2.2%) - Insurance against death.

“About 400 insurance agreements were signed on “Compulsory insured persons from the situations of losing of labor ability at the result of industrial accidents and occupational disease” so far. More than 200 thousand employees were insured on these agreements”, Ismayilov added.

Note that, PASHA Life insurance company was recorded on November 24, 2010.
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