VTB Bank (Armenia) and ROSGOSSTRAKH ARMENIA Insurance Company launched sale of MTPL and CASCO insurance policies with possibility to pay by installments

ArmInfo. VTB Bank (Armenia) jointly with ROSGOSSTRAKH ARMENIA Insurance Company launch exclusive product- provision of a one-year loan for getting MTPL and CASCO insurance policies by the ROSGOSSTRAKH ARMENIA Insurance Company with possibility to pay by installments, which will reduce client's financial burden.

The press-service of the bank has told ArmInfo that the loan formalization takes no more than 20 minutes and does not require additional documents. For getting insurance policy identification document, social card number and vehicle registration certificate are needed.

According to the source one can get MTPL and CASCO insurance policies and the relevant loan both in the offices of ROSGOSSTRAKH ARMENIA Insurance Company and branches of VTB Bank (Armenia).

One can get additional information about the terms of the loan by calling VTB Bank Armenia service center by number 87-87 or visiting any of the 67 branches of the bank.

To note, VTB Bank (Armenia) joined VTB Group in April 2004 and is fully owned by VTB Group, the second biggest bank in Russia. VTB Bank (Armenia) is one of the leaders of Armenia's banking sector. It has 67 branches all over the country (the largest branch network in Armenia).  The bank is in top-3 by consumer loans, ensuring amount of 64 bln AMD as of April 1 2016. The share of consumer loans in the total credit portfolio of the bank is 33%.

"Rosgosstrakh Armenia" CJSC was established in Armenia in 2008.  It operates on the basis of the Central Bank's license No.0009 issued on May 20 2008 for non-life insurance policies. The company is a subsidiary of ROSGOSSTRAKH Group (Russia). The authorized capital of the company is 4.5 bln AMD.  The company runs 50 offices in all towns of Armenia (including 19 branches), with 15 of them in Yerevan and 35 in the regional centers and cities in Armenia. In Dec 2011, "Rosgosstrakh Armenia" CJSC was the first on the insurance market of Armenia to get the certificate of compliance ISO 9001:2008 from Moody International. Rosgosstrakh Armenia retains leadership in terms of payouts in motor third party liability insurance (MTPL) for the 6th year in a row. As of Jan 1 2016, the company paid out 3.04 bln AMD in MTPL and 300.2 mln AMD in CASCO amid getting 5.8 bln AMD premiums by MTPL and 556 mln AMD by CASCO. Rosgosstrakh Armenia is also leading in the average amount of payment for one insurance case, which in Q1 2016 totaled 212 thousand AMD, while average market sum of insurance payment on MTPL totaled 188 thousand AMD.  Rosgosstrakh Armenia ensured 1.1 bln AMD income at year end 2015 holding leadership by this indicator also.