OREANDA-NEWS. April 09, 2013. On its 11th anniversary, International Insurance Company will, remaining loyal to its traditions, offer its customers new insurance products. Related to car insurance products “Micro CASCO”, “CASCO for half price”, “CASCO+” and “Complex CASCO” were designedaccording to the wishes and suggestions of clients.

Company’s Chairman of Board M.Mammadov said about new products: “New insurance products that designed to meetthe interests of people from different social groups, with their life experiences and habits will help significantly reduce the cost of coverage for their low-probability risks.

Apparently, the company will incur certain losses as a result of conducting this campaign. Nonetheless, benefit of the company and the insurance market in general is that people will gain experience on how to benefit from these types of insurance, receiving products being of lees significance to them in terms of risks for free. Thus, betterawareness of insurance andthe growing interest in insurance products would support development of not only our Company, but also the insurance market as a whole.

This becomes evenmore evident, if we pay attention to the conditions ofthe above-mentioned insurance products. Being offered to experienced drivers that do not show much interest in car insurance due to being less prone to having an accident as compared to others, the “Micro CASCO” insurance package will allow to remove relatively less damages, on the one hand, and save insurance premium, on the other. Amount of the insurance premium does not depend on a vehicle’s value, year of make, model and other parameters. A customer himself would choose an insurance premium and get his car insured for a certain amount.

In accordance with the conditions of the “CASCO half price” insurance package designed for careful drivers, a customer shall pay half of the insurance premium and, in case of zero accident during the term of the insurance, shall pay no additional money. And in case of insurance event, a customer shall receive an insurance payment after paying the second half of the insurance premium. Thus, careful customers will save 50% of the insurance premium.

Those customers wishing to insure their apartments, but not wishing to pay extra insurance premiums, may, by using the “CASCO+” insurance package of the Company, receive insurance coverage up to 15,000 AZN for any property, regardless of the value of a vehicle insured, without paying any additional insurance premium.

Customers having “Complex CASCO” insurance package will, in addition to vehicle’s body insurance, be provided 3rd party liability insurance and individual accident insurance as a bonus.    Thus, this insurance package would fully insure a vehicle together with compulsory insurance and make customers feel comfortable.

Customers may receive detailed information of the abovementioned insurance products by contacting the Company specialists.

As mentioned above, customers will be able to receive the abovementioned insurance products from the offices of the Company.

International Insurance Company is one of the largest insurance companies in Azerbaijan’s insurance market. The Company was established by the International Bank of Azerbaijan in 2002, and currently provides insurance service on 34 types to its customers.