Development continues at "Qala Hayat" - COLLECTIONS VOLUME INCREASES

“Qala Hayat” insurance company, distinguished by its activity in the life insurance market of Azerbaijan, has announced its main financial indicators for January-December of the current year.

According to the company, despite the pandemic period in the country, the company continues its development successfully during this period.

Thus, in January-December 2020, the sales team collected insurance premiums in the amount of 15,944,878 manat, which is 1,102,092 manat or 7.43% more than in the corresponding period of 2019.

During the reporting period, “Qala Hayat” paid insurance payments to customers in the amount of 4,051,944 manat for various insurance events, of which 3,573,071 manat fell to voluntary insurance and 519,873 manat to compulsory insurance.

It should be noted that in 2020, the company carried out work on the development and introduction of new products to the market. Taking into account the current situation, the company introduced a new product called “Secure Future” to the market.

“Qala Life”, the most reliable life insurer in Azerbaijan, has been operating since 2010. The company provides services to customers in voluntary and compulsory types, including “Life insurance of the borrower under a mortgage loan”, “Life insurance under a capital program”, “Insurance against incurable diseases”, “No-loss and no-loss insurance”, “Life insurance”, “Secure Future” and “Life insurance of the insured in case of loss of working capacity”, “Compulsory insurance against loss of professional and working capacity as a result of accidents in production and occupational diseases” for corporate clients.