16:20 - 5.06.2024

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June 5, Fineko/abc.az. With the introduction of the latest life insurance rules approved by the Central Bank, insurance tariffs will decrease by about 50%.

ABC.AZ reports that Niyaz Ismayilov, the chairman of the board of one of the life insurance companies in the country, stated about this.

"The new rules still apply to individuals who take out consumer loans, but do not apply to other loans. If an entrepreneur wishes to receive an insurance product when receiving a loan from a bank, an insurance product can be allocated to him. But the first customers who receive a consumer loan will be offered an insurance product."