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

Idram and IDBank Support Startups at Seaside Startup Summit

Thousands of ideas and numerous participants - all in one place.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

Moody’s Upgrades Unibank’s Rating Outlook to Positive and Affirms B1 Long-Term Deposit Ratings

Moody’s Ratings has affirmed Unibank’s long-term deposit ratings at B1, as well as its b2 BCA and Adjusted BCA.

VTB (Armenia): “Stable” Deposit – Up to 10% Per annum and Opening via Mobile App

Retail clients of VTB (Armenia) can open a "Stable" deposit at a rate of up to 10% per annum when deposited in the national currency for a term of 12 months.

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

LATEST NEWS

spot_imgspot_imgspot_img