In Azerbaijan, there are three companies specializing in life insurance and have the legal right to provide services on compulsory insurance and disability of individuals from accidents and occupational diseases . In this case, life insurance is seen as a way of exceptional accumulation of funds for the same procedure from 30 to 40 % should be paid to gain the confidence of customers. In the local market there is no such need , since all the corporate niches that hold insurance, busy.
As of October 1, leading to a segment (due to government resources) Pasha hayat Sigorta attracted 24 million 298.12 thousand manats , Ateshgah Hayat Sigorta - 19 mln 350.61 thsd AZN, and Qala Hayat Sigorta - 7 million 662.53 thousand manats. Premium leader was Ateshgah Hayat Sigorta - 2 million 208.7 thousand manats (payout rate - 11.41% ), which is at least four times larger than its nearest competitor.
According to the Ministry of Taxes, the country has more than half a million entrepreneurs (potential employers), including individuals. Of these, about one fifth of the population provides real -time . In this case, all of the natural monopolies and business leaders under the supervision of the inspection of the Ministry of Labor and Social Welfare has already signed contracts with insurance companies.
The law "On mandatory insurance of disability of individuals from accidents and occupational diseases" was approved in July 2010. In December of the same year completed the process of approval regulations for the start of services on this type of insurance.
The Cabinet of Ministers in November 2010 approved the tariffs for compulsory insurance against disability resulting from occupational accidents. According to his decree, all economic activities are divided into 14 levels of risk.
Based on this level of risk, determined the amount of the insurance rate for employees and workers at the plant , which is 0.2 % to 2 % depending on the risk level of the enterprise. In the state budget for the security of persons working in the government and public enterprises and organizations , this type of insurance , since 2011 , provides for the allocation of 10.03 million manat.
By law, the insurance rate is calculated from the capacity of the payroll of the enterprise. The law provides for three types of insurance payments: monthly, one-time and extra . - 17D-
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