Voluntary life insurance is progressing faster than anyone in the market

Voluntary life insurance is the most progressive views on local market data services. As of October 1 accumulation insurance collected 25.41 million manat , which is 3.1 times better than last year's result .

There is a strengthening and Insurance of death - this year they collected 3.76 mln , last year - 2.03 million manat ( 46.01 %).

To cases of incurable diseases citizens almost pay no attention - harvested 133.8 thousand manats at last year's awards in the amount of 84.29 million manat , indicating that part of the corporate contracts . Total voluntary life insurance premiums amounted to 29.3 million manat (10.34 million last year).

Compulsory insurance premiums in the accident and of occupational diseases accounted for 22.1 million (+8.7 % compared to October 1 last year) manats. That is, each had 8.2 Azerbaijani manat contributions taking into account the fact that the basis of the State Social Protection Fund collected data on 2.7 million working people.

Commenting for Turan the situation, the State Insurance Supervision Service noted that all three companies specialized in the segment of life insurance (Pasha Hayat Insurance, Ateshgah Hayat Insurance and Qala Hayat Sigorta) are increasing capacity through established relationships with large corporate customers.

Purely voluntary life insurance is not actual now, but a small part of the staff of enterprises, personally convinced of the efficiency of payments on this type of service , is already making contributions on their own - in addition to the deductions from the salary fund. In the service of the Ministry of Finance they believe that over time, corporate insurance will "pull" civilian components of life insurance. - 17D-