Baku. 28 October. REPORT.AZ/ PASHA Hayat Insurance OJSC plans to launch new products. Report informs, member of Board of Directors Rustam Mammadov told.
According to him, the company will focus on education field and offer individual insurance products: “We will insure parents - fathers of schoolchildren and students. AZN 20 product will provide AZN 60 thousand insurance for 30-old man. The products will be sold during 5 years.
R.Mammadov told they will start test sales next month and massive sales next year. People can pay for insurance with AZN or foreign currency: “In case of possible incident the customer who pays in foreign currency will get insurance compensation in AZN with existing currency rate on that day”.
Deputy Chair of PASHA Hayat Insurance Board of Directors Niyaz Ismayilov revealed company’s insurance reserves. He noted that the figure increased by 55 percent during last 12 months and 19 percent since beginning of the year and reached AZN 107.4 million.