"Azergarant Insurance" paid 235 AZN last month

Baku. 10 October. REPORT.AZ/ In January-September this year, premiums of "Azergarant Insurance" OJSC made 238 040 AZN.

Report informs citing the company, this figure is more by 17.45% than the same period last year.

However, insurance payments of Azergarant Insurance decreased during the reporting period. Thus, the company has paid 988 AZN within 9 months. This figure is less by 41.47% than a year ago.

Notably, payment of Azergarant Insurance for January-August made 753 AZN. In other words, the company has paid 235 AZN in September and the amount was paid on voluntary medical insurance.

In January-September current year, Azergarant Insurance repaid 0.42 AZN of each 100 AZN premiums collected, to its customers. This rate made 0.83% in January-September 2015.

Notably, Azergarant Insurance is a legal successor of "Şərqə Qapı Sığorta" LLC, which was established in 1993. Its authorized capital is equal to 5.61 mln AZN. This amount was formed on the basis of 10 000 shares with 561 AZN par value each. The company's shares belong to Ogtay Abbas Aliyev 100% (Chairman of the Board of Directors).