BAKU, Azerbaijan, Feb. 3
By Nazrin Israfilova - Trend:
The volume of insurance fees collected by Azerbaijan’s Gala Hayat Sigorta company has increased in 2021 compared to the preceding year, the company told Trend.
According to the company, this figure amounted to 19.2 million manat ($11.3 million), up by 3.25 million manat ($1.9 million) compared to 2020.
Last year, the company made insurance payments to clients in the amount of 3.1 million manat ($1.9 million) for various insured events, of which 2.38 million manat ($1.4 million) fell on voluntary insurance and 736,167 manat ($433,040) - on compulsory insurance.
The company offers to its clients the services on voluntary and compulsory types of insurance, including "Life insurance of the borrower on a mortgage loan", "Life insurance under the capital program", and "Insurance against incurable diseases" for corporate clients.
The offered insurance services also cover "Safe and break-even insurance", "Life insurance", "Secured future" and "Life insurance in case of disability", and "Compulsory occupational disability insurance as a result of accidents at work and occupational diseases".
(1 USD = 1.7 AZN on Feb. 3)