Baku, Fineko/abc.az. Over the last 1/5 month of implementation of the Law on Compulsory Insurance against Industrial Accidents and Occupational Diseases, three specialized life insurance companies in Azerbaijan have managed to ensure insurance of about 85,724 workers of 2,236 employers in the total amount of 942 manats.
At today's press conference in Baku a member of the Qala Sigorta Board of Directors, Vusal Abbasov, has informed the Company has signed about 900 contracts for insurance of about 50,000 workers.
"The premium on these agreements reached approximately 300,000 manats," Abbasov said.
Ateshgah Heyat's deputy chairman of board Akbar Madatli says that their Company has entered into 1,316 contracts for insurance of about 30,724 employees, and fees totaled about 542,000 manats.
PASHA Heyat's deputy chairman of board Niyaz Ismailov has said, in turn, that although their Company started operating on 14 February 2011, it already has agreements with 20 employers for insurance of up to 5,000 workers. The premiums amounted to 100,000 manats.
State Labour Inspectorate under the Ministry of Labour & Social Protection estimates that at least 1.5 million employees of about 400,000 employers are subjected to insurance. Expected premiums on them are expected to reach 30-40 million manats.
