2024-06-03 12:24:43
Azerbaijan has accepted the “Guidelines for all times insurance coverage of debtors underneath mortgage agreements in circumstances of loss of life and incapacity.”
As Day.Az reported on Friday, the choice to this impact was signed by the Chairman of the Central Financial institution of Azerbaijan (CBA) Taleh Kazimov.
It was famous that the insurance coverage protection offered underneath this rule pertains to private insurance coverage “loss of life insurance coverage” and “incapacity insurance coverage”.
The topic of insurance coverage underneath this rule is people who’re debtors underneath mortgage agreements. On the identical time, individuals underneath 18 years of age, over 65 years of age, individuals registered in drug remedy, psychoneurological, tuberculosis, pores and skin and venereal illness clinics, sufferers with hepatitis C, oncology, persistent cardiovascular ailments, AIDS and HIV carriers will not be thought-about insurance coverage topics.
It’s famous that the insurance coverage contract is concluded on the idea of an insurance coverage utility crammed out by the policyholder. When insuring a client mortgage, an insurance coverage contract may be concluded with out an insurance coverage utility.