Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

VTB Bank (Armenia) unveils new insurance products

YEREVAN, September 4. / ARKA /. VTB Bank (Armenia) has unveiled today new four types of insurance products, which it said were designed to make the everyday life of its clients more comfortable, saying some of them are ‘unique’ in the Armenian market.

One of the products is designed as an addition to mandatory insurance of vehicles. It offers a doubled insurance coverage up to 18 million drams.

The next product is the insurance of real estate and property. This product allows clients to insure not only their property but also the property within the territory of the insured property against various risks such as fires, gas explosion, flood, burglary. Particularly, it is meant for owners of apartments in many-apartment buildings when their apartments are flooded by neighbors living above.

The next health insurance product offers outpatient care – instrumental and laboratory check ups and medical consultation, as well as accident insurance, international medical consultation in certain hospitals around the world.

Accident insurance involves advanced risk insurance, namely, the most frequent causes of accidents, such as strokes, heart attacks, cancer, etc ..

These products are insurance policies with a convenient and popular set of conditions, risks and amounts at risk that allow customers to make their choice in a simple and understandable way.
Property and health are  insured by RESO company, while accident insurance and  additional mandatory car insurance by Rosgosstrakh Armenia.

The products are available at all branches of VTB Bank (Armenia). More information on insurance products is available at  www.vtb.am

VTB Bank (Armenia) is a 100% subsidiary of Russian  VTB Bank. It runs  67 branches in Armenia, more than any other local bank.-0-

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img