12:45 - 23.01.2024

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January 23, Fineko/abc.az. The life insurance premiums observe growth in Azerbaijan.

ABC.AZ reports that in 2023, the volume of insurance premiums gathered in the country through life insurance companies reached 504,993 manats.

Compared with 2022, the premiums increased by 108,306 manats or by 27.3%. So, in 2022, life insurance companies collected 396,687 manats of premiums.

In 2023, life insurance payments increased by 21% and reached 292,552 manats. In 2022, payments on this type of insurance amounted to 242,078 manats.