OREANDA-NEWS. December 15, 2009. Ingosstrakh paid over RUB 4.4mln to collective farm Plemzavod Gigant located in the village of Sadovoe of the Sarpinsky district of the Republic of Kalmykia. The future crop – 3150 hectares of winter wheat and 220 hectares of winter rye – was insured by the branch of Ingosstrakh IJSC in Elista. Total insured amount is over RUB 14mln.

The insured event was freezing-out of a part of the wheat and rye crop that took place in winter in the territory of the region. To identify the damage, the examination was performed that confirmed that the accident must be recognized as the insured one. In November 2009, upon receipt of all the necessary documents, Ingosstrakh paid compensation.

The insured property is pledged to the Kalmyk regional branch of the Russian Agricultural Bank under the loan. Timely compensation paid by Ingosstrakh enabled the insured person to fulfill its obligations to the bank.