Specialized Life Insurance Company Pasha Hayat Sigorta produced two one-time payments for a total of 45,980 manat in an insurance case for compulsory insurance and disability of individuals from accidents and occupational diseases, the press release reported.
"An insured event took place at one of the enterprises. As a result of an accident killed one of the company's employees. According to the contract with the insurance company paid the family of the deceased 13,031 manat.
Another officer in the incident is 100% lost the ability to work. In this regard, he was paid 32,944 manat," the report says.
In general , payments of Pasha Hayat Sigorta for compulsory insurance and disability of individuals from accidents and occupational diseases in the January-September 2013 exceeded 511,000 manat , which is 3.3 times higher than the same period last year.
Insurance company Pasha Hayat Sigorta has received a license for insurance activity of 14 February 2011. The sole shareholder of the company is Pasha Holding.
The registered capital is 15.05 million manat.
From January to November this year, the company collected 13.38 million manat premiums and paid 295,000 manat. - 17D-
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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