Compulsory insurance of labor ability loss increases in Azerbaijan
Azerbaijan, Baku, Oct. 17 /Trend, A.Akhundov/
In January-September 2011, the premiums of Azerbaijani insurance companies on compulsory insurance of labor ability loss in production amounted to 16.34 million manat, which is 10.1 percent more than January-August, the Finance Ministry of Azerbaijan reported.
This insurance has been introduced in Azerbaijan since December 2010.
The premiums in January-August rose by 2.13 percent compared with January-July, in July compared with January-June - 12.3 percent, in June compared with January-May - 8 35 percent, in May compared with January-April - 37.12 percent, in April compared with January-March - 46.13 percent, in March compared with January-February - three times .
Over the first nine months of the year, for this type of insurance, the companies paid 152,200 manat, which exceeds the amount of payments in January-July by 42.5 percent.
There are three life insurance companies that are licensed to provide services of this kind in Azerbaijan - Atesgah Heyat, Qala Heyat and Pasa Həyat.