Increase in the level of income of life insurers
The State Labour Inspectorate of the Ministry of Labour and Social Protection of Azerbaijan and companies engaged in life insurance , signed a cooperation agreement .
Document signed by an authorized inspection Idris Isaev , and the heads of the insurance company "Ateshgah Hayat Sigorta" ( Akbar Madatli , chairman ), "Pasha Hayat Sigorta" ( deputy chairman Niyaz Ismailov ), "Qala Hayat Sigorta" ( acting chairman Asker Alekperov ) .
According to Idris Isayev , the parties intend to strengthen cooperation in the field of informing employers on safety . For this purpose , as well as to reduce the number of accidents at work , they will meet with employers and discussed issues in this field.
According to Akbar Madatli , today only 30 % of the population in Azerbaijan insured employers, which means business owners irresponsible attitude to the problem of staff welfare .
According Niyaz Ismayilov , close cooperation between insurers and the labor inspectorate promotes life insurance segment and, in general , the local insurance market . " Timely payments under compulsory insurance against accidents and diseases in the production lead to an increase in interest among employers and employees ," he added.
The law " On mandatory insurance of disability individuals from accidents and occupational diseases " adopted in July 2010. In December 2010, completed the process of approval of legal acts to the commencement of services under this type of insurance.
Today services within this document and its accompanying regulations are provided by 3 insurers.
According to the Cabinet of Ministers of the Azerbaijan Republic ( November 2010 ) , the size of tariffs depends on contributions from 14 degrees of risk , which are associated with economic activities . Thus , the size of the insurance rate for employees and industrial workers ranges from 0.2% to 2 % depending on the level of production risk .
Under the law, the insurance rate is calculated by payroll of the enterprise. The law provides for three types of insurance payment: monthly, single and extra. - 17D-
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