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Compulsory

Insurance

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Compulsory Insurance

Compulsory insurance is aimed at protection of the state, companies and large numbers of populations from risks. Compulsory insurance contract is signed by a physical or legal person, based on the requirement set by law. The law requires obligatory enrollment in life, medical or property insurance of certain categories of citizens or the property of companies. In addition, it includes liability insurance for property and other damage of individuals or companies.

Compulsory insurance is regulated by the Law of the Republic of Azerbaijan "On compulsory insurance," and requires licensing of insurance companies involved in compulsory insurance activities.

PASHA Insurance has a license to operate on compulsory insurance of civil liability of vehicle owners, compulsory insurance of real estate and compulsory liability insurance associated with the operation of real estate. The company is included in the register of the Bureau of compulsory insurance.

Purchase and contract of compulsory insurance is available both at the HQ of PASHA Insurance and through the network of offices throughout the country. Registration can be completed on-line by connecting to the database of Bureau of compulsory insurance.

Note: More information about Compulsory Property Insurance is here

Insurance Claims

001Successful rehabilitation

In generally people do not think about what can be happened with him, that he can became a victim of an accident. However, the life is full of surprises, and modern life dictates its own terms. People spend a lot of time for travelling, transportation, including dangerous transport, performing works with high risk for their health and life as well as engaged in hazardous sport activities. In some cases the possibility to get trauma or injure is very high. For this reason it is very important to foresee the options to compensate accident damages. Life can be as fragile as it is precious.

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