GRAND INSURANCE TERMINATES ACCEPTANCE OF APPLICATIONS FROM KILLED PASSENGERS’ RELATIVES

Armenpress
Jun 19 2006

YEREVAN, JUNE 19, ARMENPRESS: Armenian Grand insurance company
terminated on June 18 acceptance of applications from the relatives
of passengers of an Armenian airliner that crashed in the Black Sea
on May 3 killing all 113 people aboard for payment of compensations.

Artak Antonian, Grand company’s executive manager, told Armenpress
they have received applications from relatives of 100 killed passengers
and the crew members. He said 87 of applicants are Armenian citizens,
22 are citizens of Russia. He said relatives of the remaining four
killed passengers may file their applications later.

He said all relating documents will be send to London and after
their are approved by a London-based insurance company that has
reinsured Grand, agreements on payment of compensations will be
signed with relatives and compensations will be started to be paid
in 10-15 days. He refused to elaborate on the compensation amount,
but earlier reports said it may amount to $20,000.