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Azerbaijan Industrial Insurance company launches new campaign on comprehensive car insurance

Economy Materials 6 March 2020 18:46 (UTC +04:00)
Azerbaijan Industrial Insurance company launches new campaign on comprehensive car insurance

BAKU, Azerbaijan, March 6

By Yusif Aghayev – Trend:

Azerbaijan Industrial Insurance company has launched a new campaign on comprehensive car insurance (casco), Trend reports referring to the company.

The women who insured their cars in the Azerbaijan Industrial Insurance company will receive a 28-percent-discount upon standard tariffs existing in the company as part of the comprehensive car insurance campaign. The campaign launched on March 6 is dedicated to the International Women's Day which is celebrated on March 8. The campaign will last during 18 days.

Clients will be able to draw up an insurance contract without even visiting the company’s office. The company’s employees will carry out insurance transactions online and send the insurance policy at the request of customers to their houses or workplace.

The ladies who have drawn up comprehensive car insurance contract will have the opportunity to take advantage of special discounts on other voluntary types of insurance throughout the year.

Besides the abovementioned aspects, the insurance company allows its customers to pay the insurance premium in instalments.

Azerbaijani Industrial Insurance company was established in December 1996. The company operated as CI-Insurance until 2008 when it was re-registered as an open joint stock company.

Presently, the authorized capital of the company reaches four million manat ($2.3 million). The company operates as a full-scale insurance company engaged in the non-life insurance segment. The company is licensed to carry out four compulsory and 29 voluntary types of insurance.

In late January 2020, the company collected insurance premiums in the amount of 1.7 million manat ($1 million) and paid insurance indemnities in the amount of 125,000 manat ($73,529), ranking 11th among Azerbaijani insurance companies.

Today, 22 insurance companies and one reinsurance companies operate in Azerbaijan.

(1 USD = 1.7 AZN on March 6)

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