BAKU, Azerbaijan, Apr. 21
By Yusif Aghayev - Trend:
Given the negative impact of the COVID-19 pandemic consequences on the global and country-wide economy and everyday life of people, Azerbaijan’s Ateshgah Life Insurance OJSC has developed a new insurance product to minimize financial losses of the country citizens, Trend reports referring to the company's website.
This product, called Anticoronavirus, is designed to compensate for the loss of income that may occur as a result of the COVID-19 infection spread in an environment with a high risk of infection. The Anticoronavirus insurance product is valid in the territory of Azerbaijan and intended for the persons willing to insure themselves against the consequences of the COVID-19 virus spread.
The insurance premium depends on the age of the insured person. For both of the below age groups, three types of insurance packages have been offered.
|
Age |
Insurance premium |
Insurance sum - sublimit for infection |
|
51-60 |
33 manat ($19.4) |
1,000 manat ($580.8) – 250 manat ($147) |
|
66 manat ($38.8) |
2,000 manat ($1,180) – 600 manat ($352.9) |
|
|
99 manat ($58.2) |
3,000 manat ($1,760) – 900 manat ($529.4) |
|
Age |
Insurance premium |
Insurance sum - sublimit for infection |
|
18-50 |
19 manat ($11.1) |
1,000 manat ($580.8) – 250 manat ($147) |
|
38 manat ($22.3) |
2,000 manat $1,180) – 600 manat ($352.9) |
|
|
57 manat ($33.5) |
3,000 manat ($1,760) – 900 manat ($529.4) |
The insurance risks include:
- Infection with COVID-19 virus;
- Appearance of lung fibrosis in the insured person as a result of infection with the COVID-19 virus;
- The death of the insured person for any reason throughout the insurance period.
During the special quarantine regime, Anticoronavirus product can be accessed through WhatsApp, by calling (+994) 55 254 80 10, and the insurance premium can be paid online and via post-terminals.
Moreover, for the convenience of the customers, the company has launched a special chatbot on the Telegram platform - http://t.me/AteshgahBot. For details on this voluntary life insurance product, please visit: https://ateshgah.com/en/retail-customers/antikoronavirus/
Ateshgah Life is the first life insurance company in Azerbaijan.
The company has more than 80 employees. Its customers include BP, Statoil, Azeri M.I. Drilling, mobile operators Azercell, Bakcell, Azerfon and others.
As a member of Ateshgah Insurance Group, the Ateshgah Life insurance company operates from thirteen offices in Baku, as well as offices in the cities of Sumgayit, Ganja, Lankaran, Sheki, Khachmaz, Mingachevir, Ismayilli, Salyan, Imishli and Barda.
The company’s authorized capital amounts to 6.6 million manat ($3.8 million)
Presently, 22 insurance companies and one reinsurance company operate in Azerbaijan. Four of the companies are engaged in life insurance.
($1 = 1.7 manat on Apr. 21)
