BAKU, Azerbaijan, April 13
By Yusif Aghayev - Trend:
Azerbaijan’s Qala Life Insurance Company has introduced a new life insurance product called “Secured Future”, Trend reports referring to the company.
The new insurance product is aimed at making life of people safe and secure and ensuring financial security for all family members of working citizens.
This product can be used even by parents who do not receive a salary, but save a certain amount monthly to ensure the future of their children.
By purchasing the “Secured Future” insurance product and paying the minimum monthly insurance premium worth 50 manat ($29) for at least five years, it is possible to gain certain advantages, namely, ensuring a prosperous future for the family, obtaining financial security through monthly or lump sum payments in the future and providing access to the additional guaranteed investment income.
Thanks to the “Secured Future” product, the policyholder, in case of survival upon the expiration of the insurance contract, receives compensation in the amount of the paid insurance premiums and investment income, while in case of death during the term of the insurance contract, compensation is made in the amount of insurance premiums, which were to be paid before the end of the insurance period, as well as investment income.
The product is available for people aged 18-60.
The insurance company operates in the field of life insurance.
The authorized capital of the insurance company is over 13 million manat ($7.6 million). The founder of the company is the "AzRe Tekrarsigorta" reinsurance company, which is one of the biggest financial organizations in the field of insurance.