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International Insurance Company Introduces Payment System Via Cash Machine

Business Materials 8 July 2008 12:52 (UTC +04:00)

Azerbaijan, Baku, 8 July / Trend / The International Insurance Company (IIC) jointly with the Azerbaijani International Bank (AIB) has launched a joint project on improvement of services through use of information and communication technologies, the company said on 8 July.

In accordance with the new project, all clients, using credit cards of the IBA, have opportunities to pay insurance premiums on all types of insurances through cash machine.

Earlier, the IIC introduced a new payment system of insurance services, enabling its clients to pay insurance premiums by installments. The IIC's clients have had opportunity to pay premiums through any subsidiary office of the AIM, whilst new service will much more simplify this process and save the time.

The IIC operated in Azerbaijan since April 2002 and at present renders 29 types of voluntary insurance services and five obligatory ones. The authorized capital of the company amounts to AZN 8.8mln.

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