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Azerbaijani insurance company offer car insurance for half price

Business Materials 10 October 2009 10:37 (UTC +04:00)

Azerbaijan, Baku, Oct. 10 / Trend , U.Ismayilova/

Domestic insurer Qarant Sigorta, always striving to be closer to its potential customers, has presented its new unique insurance product for private clients - Qarant Avto.

Qarant Sigorta chairman of board Vagif Hasanov says that this product has not analogs at insurance market of Azerbaijan.

"Its unicity is in an opportunity for every person to insure his automobile from all risks for half-price. The customer pays only 50 percent of insurance premium on this insurance product and the rest part is paid when getting the first insurance payment on loss event," Hasanov said.

He added that before to develop this product they have conducted surveys and research that confirmed Azerbaijani citizens' desire to insure their cars.

"It became clear that in a range of cases the customers did not determine to insure their automobiles as they had to pay quite large sum of insurance. Understanding that, we have developed a product certainly to become popular. According to primary calculations, due to this product Qarant Sigorta customer base can increase 2 or 3 fold," Hasanov said.

Today Qarant Sigorta is the youngest ad dynamically developing insurance company of Azerbaijan.

Qarant Sığorta Company passed registration on November 27, 2007 and started factual activities in the beginning of 2008. Having 4 million manat as its fixed capital, Qarant Sığorta became the first company to apply Corporate Social Responsibility culture in financial sector of Azerbaijan.

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