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Georgian government inks memo with insurance companies

Business Materials 18 February 2009 17:06 (UTC +04:00)

Azerbaijan, Baku, Feb. 18 / Trend , U.Ismayilova/  

The Georgian government singed a memorandum on a favorable insurance package for 5 years with 10 insurance companies on Feb. 18. Prime Minister Nicolas Gilauri and Labor, Health & Social Protection Minister Alexander Kvitashvili signed the document.

Gilauri said that previous life insurance package was not so efficient in the country. At present the government shifts to more effective health insurance system which first will be applied to patients.

The Health Ministry has formed a coordination council which will coordinate implementing programs applied to the system. Moreover, another service was formed under financial support of the U.S. Agency for International Development (USAID). The service will study disputes aroused between insurance companies and beneficiaries.

As to a new insurance package, it covers expenditures on urgent operations, treatment of injuries received during accidents and expenses on clinic services.

A direct agreement with insurance companies will be legalized at a governmental meeting soon. After it, Georgian people can apply to the chosen insurance companies from March 1 to June 1.

The Health Ministry reported that insurance will not concern people who are less than three and more than 60, as other programs are envisaged for these people.

"This insurance system will enable relevant medical institutions to diversify incomes," Kvitashvili said.

Imedi L, Arkhimed Global Georgia, Irao, GPI holding, IC Group, Aldagi BCI, National Insurance, West, Partner and Tao companies inked the memorandum.

Eayji company refused to participate in the project, because it does not carry out medical insurance and Kartu company has not made a final decision, yet.

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