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Insurance

Insurance

Valuing our clients’ time and attaching high importance to their safety, Converse Bank hereinafter assumes the role of an insurance agent. As an insurance agent, we offer the following:

  • insurance of motor vehicles,
  • insurance against fire and other damage to the property,
  • insurance against accidents,
  • insurance of travellers leaving to foreign countries /supportive insurance/,

List of mandatory documents to be submitted by the clients, according to the insurance classes.

Tariffs of the insurance companies cooperating with the Bank.

 

"RESO" Insurance Company

TARIFF SYSTEM FOR OVERLAND TRANSPORT INSURANCE

Number of drivers Annual tariff for insurance
Unlimited number of drivers Unconditional non-refundable amount - 1% (minimum AMD 50.000)
2,5%
  • Insurance does not apply to taxis and other public transport, sports cars, exclusive cars, as well as Russian cars manufactured more than 10 years ago and foreign cars manufactured more than 15 years ago.
  • The area covered by the insurance agreement includes the RA and the NKR, the CIS and Georgia.
  • In case of theft/hijacking, unconditional non-refundable amount equal to 3% of the insurance amount applies in case of availability of an antitheft system, and 5% of the insurance amount in the absence of an antitheft system.
  • Along with the Agreement, an agreement on insurance against explosion of the gas cylinder installed on the insured car will be provided as a gift.

TARIFFS AND CONDITIONS OF INSURANCE AGAINST FIRE, NATURAL DISASTERS, AND OTHER DAMAGE TO THE PROPERTY

Insurant Beneficiary Annual insurance tariff Insured event (risk) Unconditional non-refundable amount
A private individual or legal entity signing an insurance agreement with the Insurer through the Agent Bank (Pledgee) a) For property that costs up to AMD 50 000 000 the annual insurance tariff will be 0,13%
բ) b) For property that costs from AMD 50 000 001 to AMD 200 000 000 the annual insurance tariff will be 0,12%
Damage caused to the property by the following insured events:
a) fire, explosion, stroke of lightning;
b) damage caused by water from water supply, heating, sewage, and firefighting systems;
c) natural disasters;
d) theft by intrusion, robbery, brigandage;
e) unlawful acts by third parties;
f) clash, stroke, breaking of glass;
g) earthquake
1% of the insurance amount, but not less than AMD 50.000, in case of earthquake 2%

Insurance of property the cost of which is above AMD 200.000.000 is carried out on individual basis, the tariff is determined individually, depending on the type, purpose, location and other characteristics of the property. The above-mentioned tariffs apply only to apartments, houses, public facilities, while in case of petrol and gas filling stations, factories, workshops and similar facilities, the insurance tariff is agreed with the head office of RESO Insurance CJSC.

TARIFFS AND CONDITIONS OF INSURANCE AGAINST ACCIDENTS

Insurant or insured person Beneficiary Annual insurance tariff Insured event (risk) Unconditional non-refundable amount
A person signing an insurance agreement with the Insurer through the Agent Bank (Pledgee) 0.14%, but not less than AMD 1.000 If the following happens to the insured person in the result of an accident:
1. Permanent loss of the ability to work
category I disability 100%
category II disability 80%
category III disability 60%
2. Death 100 %
3. Temporary disability
Does not apply

MULTI PROGRAM OF INSURANCE OF TRAVELLERS LEAVING TO FOREIGN COUNTRIES (SUPPORTIVE INSURANCE)

Validity term Insurance amount, AMD
8 days during 30 days 2,000
30 days during 1 year 5,000
90 days during 1 year 12,000  
  1. According to this Program, eligible Insured persons are RA citizens, foreign citizens, and people without citizenship, capable of functioning, aged under 75. The number of insurance days can be as follows: 8 days during 30 days, 30 days during 1 year, and 90 days during 1 year, without limitation of the number of Trips. Within the framework of this Program, the Insurance area covers the whole world, except the RA and the NKR.
  2. Within the framework of this Program, the maximum total number of insurance days between the beginning and end of the Agreement is defined, which allows the Insured persons to make multiple trips within the validity term of the Agreement, without the need to conclude new agreements.
  3. Within the framework of this Program, the Insurance amount is EUR 30,000.
  4. Within the framework of this Program, tariffs are calculated based on the validity term of the Agreement, according to the Table (all tariffs are stated in AMD)
  5. Within the framework of this Program, the following companies can be mentioned as the Service company and their +contact data can be provided - AP Companies Global Solutions, CORIS Ukraine, AXA Assistance Deutschland GmbH

"Rosgosstrakh-Armenia"
INSURER’S TARIFFS
(the insurance beneficiary is the bank’s client or the bank) 

Insurance classes Tariff
Insurance against accidents 0.16%, minimum AMD 1.000
Overland transport insurance, insured risk - financial loss and hijacking** 2,5%, non-refundable amount - 1%, minimum AMD 50,000, in case of existence of a non-refundable amount 10%, in case of availability of a antitheft system 5%,
Unlimited number of drivers
Aircraft insurance* x
Water craft insurance* x
Transported property (cargo) insurance* x
Insurance against fire and natural disasters 0,16%, minimum AMD 2,000; non-refundable amount - 1%, minimum AMD 100,000. In case of an earthquake - 2%, minimum AMD 400,000
Insurance against other damage to the property
Social voluntary health insurance Basic
Basic 1+2
Economy
Ambulatory
Global
Super
Guarantor - social
Insurance of liability arising out of the use of
aircraft (also cargo aircrafts)*
x
General liability insurance* x
Provision of a guarantee* x
Insurance against financial losses* x

*insurance agreements for this class are signed at the Company, and the commission fee is determined for each signed agreement separately.

*Insurance of taxis and public transport is done only at the Company.

Dear Clients,
For detailed information you can apply to the following address:
"Rosgosstrakh-Armenia" ICJSC
Address: 1 Northern Avenue, Yerevan
Telephone: 591010

"Ingo Armenia" ICJSC
INSURER’S TARIFFS
(the insurance beneficiary is the bank’s client or the bank)
 

Overland transport insurance 2.5%
Unconditional non-refundable amount 1%, minimum AMD 40.000,
Non-refundable amount in case of hijacking 10%, in case of availability of a antitheft system 5%,
Unlimited number of drivers; for a driver with less than 3 years of driving experience 2%, minimum AMD 80.000
Insurance of real estate against fire and natural disasters  0.135%
Unconditional non-refundable amount 1%, minimum AMD 90.000, earthquake 2%
Insurance against accidents 0.18% (disability permanent loss, death)
Unconditional non-refundable amount - Not applicable

 Dear Clients,
For detailed information you can apply to the following address:

"Ingo-Armenia" ICJSC
Address: 51, 53 Hanrapetutyan Str., premises 47, 48, 50, Yerevan
Telephone: (+374 10) 592121
 

"Nairi Insurance" ILTD
INSURER’S TARIFFS
(the insurance beneficiary is the bank’s client or the bank)
 

 

Property type Tariff Non-refundable amount
Insurance against accidents  0.18% (disability permanent loss, death of the insured person in the result of an accident)  Not applicable
Overland transport insurance insured risk is physical damage and hijacking  2.5% (is not used as a taxi and is not given for rent) 1% of the insurance amount, but not less than AMD 50.000; in case of theft of the car or its part or detail 5%
 6% (can be used as a taxi and given for rent)
 Insurance against fire and natural disasters  0.15%  0.5% of the insurance amount, but not less than AMD 90.000, in case of an earthquake 5%

 

  Supportive insurance*

Insurance amount

Insurance area Duration of the insurance period
(journey)
 
Insurance premium for 1 day, AMD Commission fee

 

 

Euro 30.000 (thirty thousand)

 

 

Whole world

Journey lasting from 1 to 15 days 370

 

 

30%

Journey lasting from 16 to 30 days 320
Journey lasting from 31 to 90 days 270
Insurance for 1 year, for several journeys, each lasting for 90 days 12000/annual/
1 journey lasting from 91 to 365 days 220

*Coefficient applied towards the above listed tariffs of the supportive insurance:

  1. In case of an Insurance Agreement (policy) signed in favor of a 65-70 year old person, the Insurer applies coefficient 2 towards the basic insurance premium.
  2. In case of an Insurance Agreement (policy) signed in favor of a 71-75 year old person, the Insurer applies coefficient 2,5 towards the basic insurance premium.
  3. In case of an Insurance Agreement (policy) signed in favor of a 76-79 year old person, the Insurer applies coefficient 3 towards the basic insurance premium.
  4. In case of an Insurance Agreement (policy) signed in favor of a 80-85 year old person, the Insurer applies coefficient 4 towards the basic insurance premium.

Dear Clients,
For detailed information you can apply to the following address:

"Nairi Insurance" ICJSC
Address: premise 110, "Piazza Grande" business center, 10 Vazgen Sargsyan Str., Yerevan

Telephone: (+374 10) 536494, (+374 60) 500060