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PASHA Life Insurance increases premiums on compulsory insurance on industrial accidents by 18%

PASHA Life Insurance increases premiums on compulsory insurance on industrial accidents by 18%

19 November 2012 14:58 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan–based PASHA Life Insurance has implemented AZN 163,300 insurance payment on Compulsory insurance against losing ability to work as a result of industrial accidents and professional diseases in January-October, 2012, up 89.3% from 2011. The Company says it paid AZN 37,800 for a insurance accident in November.

Along with this, the company ha collected AZN 8.768 mln premiums on Compulsory insurance against losing ability to work as a result of industrial accidents and professional diseases within the same period, up 18.2% in comparison to a year earlier.

Note that PASHA Life Insurance was registered on November 24, 2010 and obtained license on February 11, 2011.

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