Life insurance market grows by 37% in Azerbaijan

In January-February this year, 63.003 million manats of insurance premiums were collected in Azerbaijan within the framework of various types of life insurance.

Report informs citing the Central Bank of Azerbaijan that this is 36.6% more than in the same period last year.

During the reporting period, payments on various types of life insurance decreased by 79.75% to 10.447 million manats.

For January-February this year, 16.6 manats were reimbursed to customers for every 100 manats of fees in the life insurance market. These figures amounted to 111.8 manats in January-February 2021.