Bank Of Baku

AzSıgorta may set up a life insurance company next year

AzSıgorta may set up a life insurance company next year
# 02 April 2009 16:33 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. AzSıgorta Insurance Company may set up a life insurance company in 2010, said Khayal Mammadkhanli, Vice-Chairman of the Company.

Accordign to him, the establishment of a life insurance company amid the global economic crisis is a serious step.

He said there is not much interest in health insurance in Azerbaijan and only legal persons usually apply for this insurance.

According to him, health insurance agreements are usually for more than 10 years.

AzSıgorta has so far concluded some 400 health insurance policies.
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