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PASHA Life Insurance makes public plans for the near perspective

28 November 2012 09:38 (UTC +04:00)

Deputy Board Chairman Niyaz Ismayilov says the premiums on voluntary insurance types made AZN 3.691 mln, on compulsory insurance – AZN 8.768 mln. To him, the share of voluntary types in collections will soar up to 40%: ‘AT the year-end, the total amount of collections is expected at AZN 14 mln’.

The amount of payments in January-October made AZN 252 mln, up 3 times in annual comparison. In the composition of payments AZN 88.627 thousand fell to share of voluntary types, AZN 163,000 compulsory types.

The profit is expected at AZN 5 mln, 2 times higher compared to 2011. In general, next year, the authorized capital of the company will be increased up to AZN 5 mln, compared to AZN 15.050 mln.

Speaking about the plans for the near future, Ismayilov said that PASHA Life intends to put up 5 new insurance products on the market.

‘In world practice, the companies, engaged in life insurance, sell their products via the banks. But at the same time, agent network will also be developed. Besides, next year the company plans to open a representation in ganja city’, added Ismayilov.