‘STANDART+SPORT’ INSURANCE FROM INGO-ARMENIA

ArmInfo
2010-03-01 12:14:00

ArmInfo. In January 2010 "INGO ARMENIA" launched a new "STANDART
SPORT" travel insurance product for tourists who go abroad for
active rest. Demand for the product had been observed for a long time
and during the winter holidays it became one of the most essential
products. Earlier the Company performed travel insurance by three
programs with appropriate range of insured risks: ECONOM, STANDART
and BUSINESS, the official website of the company reports.

The company covers the following risks through the program "ECONOM":
medical costs, medical and transportation charges, assistance expenses
and posthumous repatriation expenses. "STANDART" insurance covers the
risks of the "econom" program as well as transportation charges and
organization of juridical consultations. Alongside with the above
risks, "BUSINESS" program covers also expenses related to baggage
loss/damage and amateur sports injuries.

The originality of "STANDART SPORT" travel insurance program is the
cover of expenses related to in amateur sports injuries alongside with
the risks covered by "STANDART" insurance program. Average cost of
one-week insurance, which covers risks of traumatic sports activity,
is EUR 20 for a limit of indemnity up to EUR 30’000 or USD 50’000.

It should be noticed, that "INGO ARMENIA" is the market leader both
by total collected insurance premiums and by the segment of travel
insurance. In particular during 2009 the Company has collected almost
AMD 80 million insurance premiums by 12.5 thousand insurance policies
issued.