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PASHA Life sharply increases insurance charges

14 September 2016 15:30 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. PASHA Life announced statement on January-August 2016.

Company’s director on strategic development Israil Garayev told APA-Economics that PASHA Life collected AZN 55.982 million insurance charges in January-August, up 43% from previous year.

Garayev said the company paid AZN 14.495 million on different insurance accidents, up 2.1% in comparison to a year earlier: “Along with this, as of September 1, the assets stood at AZN 160 million, the authorized capital at AZN 40.250 million”.

“PASHA Life Insurance” OJSC is a part of “PASHA Holding” Group of Companies, carries out its activity on the basis of the official registration at the Ministry of Taxes of the Republic of Azerbaijan dated 24.11.2010 and the license for provision of services for life insurance dated 14.02.2011 issued by the Ministry of Finance of the Republic of Azerbaijan. “PASHA Life Insurance” currently provides the following classes of insurance products meeting requirements of every customer:

Term Life Insurance

Endowment Life Insurance

Disability Insurance

Compulsory Insurance against disability as a result of industrial accidents and occupational diseases

Critical Illness Insurance