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Azerbaijani insurance company offers new products

Business Materials 25 February 2009 17:10 (UTC +04:00)

Azerbaijan, Baku, Feb. 25 / Trend /

One of Azerbaijani insurance companies MBASK has developed a new insurance product Rahat and proposals package Deyer as part of Serfeli Sigorta program. By using these products, it is possible to insure a house for 50 manat or car together with a house for 150 manat, the company said on Feb. 25.

"Products were designed basing on experience of the European insurers and do not have an analog on our market," the company said.

Deyer product offers an express-package for complex insurance of car and house. Rahat is a product of property insurance and covers risks, such as flood, fire or blast. These products were devised specially for clients who intend to insure his/her property without spending considerable funds.

Besides a profitable price, other peculiarities of these products enables to insure car and house without preliminary examination on the base of a client's oral statement. This innovation will save client's time in the process of signing an insurance agreement, as well as eliminate domestic discomfort connected with examination of client's property by the company's representatives.

MBASK functions on the Azerbaijani insurance market since 1992 and offers 29 kinds of insurance services, including four obligatory. The company's authorized capital is two million manats. The European Bank for Reconstruction and Development is MBASK's shareholder and possesses 30 percent of its stakes.

On Feb. 25, the official exchange rate is 0.8048 manat to $1.

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