OJSC “Pasha Life Insurance”, the leading life insurance company in the country published financial statements for the first quarter of 2021.
Pasha Life retains growth trends and again occupies a leading place in the country’s insurance market in terms of insurance premiums. Despite the long-term pandemic, the company confidently works in the financial sector and adheres to its standards.
Thus, the company’s total assets for the end of the quarter amounted to 405 million manat.
Compared to the same period last year, the assembled insurance premiums (50 million manat) were only with a small change remained at the same level, and insurance payments increased more than twice and amounted to 72 million manat. Investment revenues decreased by only 0.6 million and 6.2 million manat became equal. As a result, Pasha Life’s net profit was 4.5 million manat, which is just 27% compared to the same period last year.
Note that 2021-2023 covers a new strategic period in Pasha Life, and since the beginning of this year, the Company continues its activities in three key areas:
Provide customers the best service based on digital transformation;
Development and improvement of other life insurance products;
Application of AGILE-control methodology.
At the present time, the choice, of course, should fall on a reliable and sustainable life insurance company. Under all conditions, you must be insured against risks, and your funds must be reliably protected and bring you income. There are several ways to do it. But the best – Pasha Life.
Leading Insurance Company – OJSC “Pasha Life Insurance” has been operating since November 2010. As of December 31, 2020, the authorized capital of the company is 40,250 million manat. The company offers customers a variety of life insurance products, including “compulsory insurance against accidents and occupational diseases”, “Accumulative investment” and other products for individual and corporate life insurance.