The volume of insurance premiums of "Qala Hayat" continues to grow - REPORT

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

According to the information provided by the company's Public Relations Service, in January-June of the current year, the company's sales team collected insurance premiums in the amount of 6,210,237 manat, which is 278,107 manat or 4.7% more than in the corresponding period of 2019.

During the reporting period, “Qala Hayat” paid insurance payments to customers in the amount of 1,602,057 manat for various insurance events. In the total payments, the “Capital Program Life Insurance” type attracted more attention. Thus, the volume of funds paid under the “Capital Program Life Insurance” type was higher than other types of insurance. It should also be noted that insurance payments were made in a timely and efficient manner in accordance with the relevant legislation.

It should also be noted that during the reporting period, the company carried out work on the development and introduction of new products to the market at a high level. Taking into account the current situation, the company's product development team introduced new products to the market under favorable terms, namely "Secure Future" and "Life Insurance of the Insured in the Event of Loss of Labor Ability". "Qala Hayat" will continue to contribute to the development of this sector by introducing new products, in addition to revitalizing the life insurance market.

"Qala Hayat", the most reliable life insurer in Azerbaijan, has been operating since 2010. The company provides services to clients on all types of life insurance provided for by law, including “Life insurance of the borrower under a mortgage loan”, “Life insurance under a capital program”, “Life insurance against incurable diseases”, “No-loss and no-loss insurance”, “Classic life insurance”, “Secured future” and “Life insurance of the insured against 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.