OREANDA-NEWS. April 7, 2011. PASHA Heyat, third life insurance company on terms of its establishment in Azerbaijan (15 February 2011), gathered more than 3 million manats.

Company’s CEO Mursal Rustamov informs that they collected 3.02 million manats of premiums on compulsory insurance against loss of labour capacity resulting from occupational diseases and accidents at work and about 5,000 on voluntary insurance.

"PASHA Heyat’s main objective is to increase public awareness of insurance,” Rustamov said.

PASHA Heyat predicts to cover a third of the life insurance market in the country before the end of 2011.

PASHA HOLDING is the founder of PASHA Heyat. The latter’s authorized capital is 7 million manats. PASHA Holding also includes insurance company PASHA Sigorta.