Ingo Armenia pays over 500 million to holders of health insurances in 8 months

YEREVAN, September 11. /ARKA/. Ingo Armenia insurance company paid some 500 million drams to 54 Armenians in the first eight months who had bought its health insurances.

This includes also public servants who have mandatory health insurances, subsidized by the government, Ingo Armenia chief executive Levn Altunian, told a news conference today.

In 2012 January the Armenian government introduced a package of social benefits for public and civil servants, which includes mandatory health insurance. The size of monthly payments under the compulsory health insurance scheme for civil and public servants is 52 thousand drams. The total amount of the benefit for a social or public servant financed by the government is 132,000 drams.

About 120,000 social and public servants are eligible to this subsidy.

Mr. Altunian said his company accounts for about 38 percent of health insurances in Armenia and complained that this is not a profitable business yet. He said another problem is imperfect cooperation with medical institutions, calling also for introduction of the U.S. model when all issues are settled by insurance company and a clinic, without the involvement of insurance holder.

Some 75% of Ingo Armenia, set up in 1997, belong to Russian Ingosstrakh. The rest is owned by Altunian. -0-

spot_img

POPULAR

Two banks in Armenia accounted for half of the growth in the banking sector’s assets and loan portfolios in the third quarter

Ardshinbank and Ameriabank accounted for 50.30% of the net growth in assets and 51.58% of the net growth in loan portfolios among Armenian banks during the third quarter of 2026, according to an operational bulletin from the ARKA news agency.

Central Bank of Armenia adopts measures to avert worst-case economic scenarios

The Central Bank of Armenia has shifted its focus from a single baseline scenario to an analysis of multiple potential scenarios, aiming to identify those that pose the most significant threats, according to the regulator’s Governor, Martin Galstyan.

Armenia Seeks to Extend Cashback Program for Pensioners Through 2029

Armenia plans to extend a program offering a 20% cashback to pensioners on non-cash purchases made with bank cards until the end of 2029, according to the Ministry of Labor and Social Affairs of the Republic of Armenia.

Armenian banks’ profit grew by 8.6% to 334.4 billion drams over 9 months

The aggregate after-tax profit of Armenian banks for the period from January to September 2026 reached 334.44 billion drams, compared to 307.87 billion drams for the same period in 2025.

Ranking of Armenia’s Largest Banks by Asset Volume for the First 9 Months of 2026

The ARKA news agency has published a ranking of Armenia’s largest banks by total assets as of September 30, 2026.

LATEST NEWS

spot_imgspot_imgspot_img