Azerbaijan’s PASHA Life to introduce unique insurance product
Baku, Azerbaijan, Apr. 17
By Azad Hasanli – Trend:
Azerbaijan’s PASHA Life insurance company will introduce new insurance products in the near future, Niyaz Ismayilov, chairman of the company’s management board, said in an interview disseminated by the company Apr. 17.
"These issues [introduction of new insurance products] are among the priorities for this year. Currently, our company offers various products for life insurance, but the product we want to offer to the market is unique,” he said.
Earlier, member of the Management Board at PASHA Life Rustam Mammadov said the company plans to start mass promotion of life insurance in 2017.
“At the initial stage, we will start with the introduction of a new insurance product. It will be presented in the test mode from the next month [November 2016] but will be fully activated already in 2017,” he said.
Mammadov added that clients will be able to make monthly payments, which will amount to only 20-30 Azerbaijani manats, and get insurance coverage of 50,000 manats.
PASHA Life has been operating since 2011 and it is the biggest life insurance company of Azerbaijan.