Azerbaijani company develops program to cover insurance risks of 'swine flu'

Azerbaijan, Baku, Sept. 3 / Trend , U.Ismayilova/

One of Azerbaijan's largest insurance companies, A-Qroup, is developing a new health insurance program - VIP, Chairman of the Board Anar Bayramov said on Sept. 3.

"The new program, in contrast to the normal program, will cover nearly all the exceptions, which usually exist in health insurance programs," said Bayramov.

He said the new program will include all services for health insurance, including the treatment of cancer and other serious diseases, as well as home delivery for medicines, home medical services and various others. Hence the cost of the VIP program will be much more expensive than a normal program.

"The VIP program also provides health insurance coverage for the 'swine flu' virus," said Bayramov.

The A-Qroup Insurance Company provides services for three types of compulsory and 14 types of voluntary insurance. The authorized capital of the insurance company is 1.55 million manat.

The total amount of premiums collected by A-Qroup in the first half totaled 4.73 million manat, which is 43 percent higher than 2008's figures. The bulk of the premiums for the first half were from voluntary medical insurance - 4.497 million manat. Compared to the same period of 2008, the growth of premiums in this type of insurance was 66 percent. In the first half, A-Qroup made payments worth $1.94 million manat.

On July 30, the first two cases of the 'swine flu' were discovered in Azerbaijan. The infected patients were residents of Baku and Ganja, who had arrived from France (July 27) and Britain (29 July) respectively. Both of them have recovered.

On Sept. 3, the official exchange rate is 0.804 manat to $1.

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