Friday, July 27 2012 19:43
Nairi Insurance company insures health of all employees of Zangezur Copper and Molybdenum Combine and their families
ArmInfo. Nairi Insurance company has insured the health of all employees of the Zangezur Copper and Molybdenum Combine (ZCMC) and their families (more than 10,000 people). The relevant agreement was signed in Yerevan today by David Baghdasaryan, the newly-appointed director of the insurance company, and Sos Ghahramyan, the deputy director of the combine. The agreement on voluntary health insurance implies insurance coverage worth 5 mln AMD for each insuree. The heads of the companies preferred not to publish the amount of the insurance premium.
The head of the insurance company said that the large Armenian companies start displaying corporate social responsibility. He welcomed the ZCMC leadership's decision and pointed out that this decision forms an image of a responsible employer. Baghdasaryan stressed that the company realizes the risk it has assumed and is ready to implement its obligations to the ZCMC employees. He said that Nairi Insurance has a great experience of work in the market and it also has a well-trained team.
For his part, Sos Ghahramyan, said that the ZCMC provided financial support to its employees. He added that the combine will bear all the insurance costs, thereby, solving the health problem of the employees and the members of their families. Ghahramanyan said that the average salary of the ZCMC employees is currently 300,000 AMD. To note, the voluntary health insurance agreement implies compensation, even for cardiovascular surgery.
According to the Ranking of Insurance Companies of Armenia by the Agency of Rating Marketing Information, over the first half of 2012 Nairi Insurance collected voluntary health insurance premiums worth 149.3 mln AMD. The company started activities in this segment in late 2011 by launching a program of individual health insurance. The company's network of agents currently has 234 individuals and 70 legal entities. The company also has a license to provide 15 classes of non-life insurance.
To recall, the Zangezur Copper and Molybdenum Combine is the largest ore mining enterprise in Armenia and develops the Kajaran deposit, which has the richest copper content in the CIS. The ZCMC was privatized on 14 Dec 2004 for $132 mln. Afterwards, 60% of its shares were transferred to the assets of Cronimet Œining (Germany), the other 15% - to the Pure Iron OJSC (Yerevan), and 12.5% - to Armenian Molybdenum Production (AMP), and 12.5% - to Zangezur Mining LLC.
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