Bank Of Baku

PASHA Life’s receipts exceed forecast last year

PASHA Life’s receipts exceed forecast last year
# 11 January 2012 12:02 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based PASHA Life has fulfilled the forecast on receipts at 108%, in 2011. So that the charge in fact made AZN 8.1 mln while forecast was AZN 7.5 mln, said the Deputy Chairman of Board of directors Niyaz Ismayilov.

According to him, near AZN 226,000 was paid on insurance accidents.

Most of premiums came from Compulsory insurance against losing ability to work as a result of industrial accidents and professional diseases (AZN 6,885 mln), voluntary life insurance of person borrowing from bank (AZN 810,000), Living insurance of life (AZN 405,000).

Most o payments went to Compulsory insurance against losing ability to work as a result of industrial accidents and professional diseases (AZN 199,256,000), voluntary life insurance of person borrowing from bank (AZN 1,700), Living insurance of life (AZN 25,000).

Note that, PASHA Life was registered on November 24, 2010. It obtained licence on February 14, 2011.
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