Insurance
Valuing our clients' time and valuing their security, Converse Bank now assumes the role of an insurance agent.
As an insurance agent, we carry out:
• insurance of motor vehicles,
• insurance against fire and other damage to property,
• insurance against accidents,
• insurance of travelers abroad /Support insurance/,
List of required documents to be submitted by clients according to insurance categories.
Rates of insurance companies cooperating with the bank.
"EFES" ICJSC
INSURER'S RATES
(the policyholder is the bank client of the bank)
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Land transport insurance |
Only with authorized drivers |
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0.4% - minimum 1,000 AMD, (to include earthquake risk, it is necessary to sign separate property insurance contracts) |
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Property insurance against fire and natural disasters |
0.135%: minimum 1,000 AMD (without earthquake risk insurance) |
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Accident insurance |
0.16% -minimum 1,000 AMD (permanent incapacitation, death) |
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Prepayment insurance |
2% - minimum 1,000 AMD |
"Ingo Armenia" ICJSC
INSURER’S TARIFFS
(the insurance beneficiary is the bank’s client or the bank)
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Land transport insurance |
2%, minimum, 80,000 AMD |
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0.4% - minimum 1,000 AMD, (to include earthquake risk, it is necessary to sign separate property insurance contracts) |
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Property insurance against fire and natural disasters |
0.135%: minimum 1,000 AMD (without earthquake risk insurance) |
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Accident insurance |
0.16% -minimum 1,000 AMD (permanent incapacitation, death) |
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Prepayment insurance |
2% - minimum 1,000 AMD |
Dear clients,
For detailed information, you can apply at the following address:
"Ingo Armenia" ICJSC
Address: c. Yerevan, Republic Street, 51, 53, areas 47, 48, 50
Phone: (+374 10) 592121
"Liga Insurance"
INSURER'S RATES
(the policyholder is the bank client or the bank)
|
Classes/types of insurance |
Tariff |
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Accident insurance |
0.16%, minimum 1,000 AMD |
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Land transport insurance (insured risk: physical damage and theft) |
2.5%*, non-refundable amount - 1%, minimum 50,000 AMD, non-refundable amount in case of theft 10%, in case of anti-theft system: 5%, with unlimited number of drivers, insurance coverage territory: RA, NKR, Georgia. |
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Land transport insurance only for new vehicles purchased from the primary market (car dealerships) (hereinafter referred to as Project **). |
1.5%, non-refundable amount - 1%, minimum 50,000 AMD, Non-refundable amount in case of theft 10%, in case of anti-theft system available: 5%, Unlimited number of drivers, insurance coverage territory: RA, NKR. |
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Non-commercial property insurance |
For risks other than earthquakes: |
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In case of an earthquake: |
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Excluding COVID-19 |
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Support insurance ( special package for Bank cardholders ) |
Period of validity of insurance |
Non-refundable amount |
Insurance premium |
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The insurance amount for all presented options is 30,000 Euros. Territory coverage: worldwide. |
30 days within a year |
200 Euro |
3,500 AMD |
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60 days within a year |
200 Euro |
5,800 AMD |
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90 days within a year |
200 Euro |
8,800 AMD |
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Support Insurance (Voluntary Sale) |
Excluding COVID-19 |
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Period of validity of insurance |
Non-refundable amount |
Insurance premium |
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Support insurance. Insurance coverage: 30,000 Euros. |
15 days in a year |
200 Euro |
4,500 AMD |
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30 days within a year |
200 Euro |
5,000 AMD |
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60 days within a year |
200 Euro |
8,000 AMD |
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90 days within a year |
200 Euro |
12,500 AMD |
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90 days within a year |
200 Euro |
14,000 AMD |
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Homeowners¹ and civil liability 2 insurance |
Personal property |
Insurance |
Insurance premium |
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2,000,000 AMD |
6,000 AMD |
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3,800,000 AMD |
11,400 AMD |
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5,600,000 AMD |
16,800 AMD |
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7,500,000 AMD |
22,500 AMD |
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civil liability |
500,000 AMD |
1,100 AMD |
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900,000 AMD |
1,900 AMD |
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1,500,000 AMD |
3,200 AMD |
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2,200,000 AMD |
4,800 AMD |
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Voluntary medical insurance "Health insurance with fixed monetary compensation" |
Program |
Insurance |
Insurance premium |
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MiniMed |
250,000 AMD |
10,000 AMD |
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MiniMed + |
500,000 AMD |
15,000 AMD |
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Mortgage Liability Insurance ³ |
Program |
Tariff |
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"Housing for Youth" program of RFO CJSC |
2% minimum 1,000 AMD |
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Program of "National Mortgage Company" RFO CJSC |
2%, minimum 1,000 AMD |
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Bank's own resources |
3% minimum 1,000 AMD |
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*Taxi and public transport insurance is carried out exclusively by the Company.
** Contracts are concluded exclusively in the form of cross-selling jointly with the property insurance policy in the Company.
¹ home furniture, electronics and household appliances, audio-visual-photographic equipment, musical instruments, clothing and other property.
² in case of damage to the life, health or property of other persons.
³Mortgage liability insurance contracts are signed with persons (borrowers) who received a mortgage loan, and whose age at the time of signing the loan agreement is 18 to 65 years (inclusive). The insurance amount is defined as the difference between the advance payment set by "Converse Bank" CJSC and the advance payment made by the Borrower within the framework of the loan agreement concluded between "Converse Bank" CJSC and the Borrower. Moreover, the advance payment made by the Borrower cannot be less than 7.5% of the loan principal amount, unless otherwise stipulated by the Insurance Policy* and/or RA legislation.
* for example, in the case of the secondary market, the advance payment made by the Borrower cannot be less than 10% of the loan principal amount.
** Within the framework of the project, new passenger cars bought from the official car dealership (primary market), as well as the additional equipment installed on/in the cars, with the exception of the gas equipment (cylinder), are accepted for insurance. Within the framework of the project, new cars are the cars bought from an official car dealership, with the period in operation (regardless of the year of production) not exceeding 1 (one) month and the mileage not exceeding 1,000 km.
The following vehicles are not accepted for insurance under the project:
1. vehicles used to carry out passenger transportation for a certain fee (including taxi and shuttle taxi),
2. Armored vehicles,
3 . vehicles provided for rent ("rent", "carsharing"),
4 . vehicles participating in tests, competitions and used for teaching driving ,
5 . vehicles displayed at exhibitions and containing special artistic elements on the body,
6 . vehicles without a roof or with an opening/retractable roof,
7 . vehicles used to transport hazardous materials,
8 . Snowmobiles and ATVs,
9 . vehicles, with over 5 (five) years dating back in manufacture date at the time of signing the Policy.
10 . The following make/model vehicles (regardless of the year of manufacture) are in the high risk zone:
a) GAZELLE
b) Lada
c) Alfa Romeo, Chrysler, Dodge, Fiat
d) MB Gelandewagen
e) BMW with Motorsport/M Performance tuning
f) Rolls-Royce
g) Bentley
h) sports vehicles of any make/model (Luxury Sports Cars)
i) Vehicles of other exclusive brands (Bugatti, Lamborghini, Ferrari, etc.).
Dear clients,
For detailed information, you can apply at the following address:
"Liga Insurance" IJSC
Address: c. Yerevan, North Avenue 1:
Phone: +(374 60) 62 20 20, +(374 91) 67 90 67
"Nairi Insurance" ILLC
INSURER'S RATES
(the policyholder is the bank client or the bank)
LAND VEHICLE INSURANCE RATES AND CONDITIONS
|
Land vehicle insurance rates and conditions |
Insurance event (risk) |
Authorized driver |
Insurance coverage territory |
Vehicle use |
Annual tariff |
Unconditional non-refundable amount |
|
Unconditional non-refundable amount |
Theft and physical damage according to insurance rules |
Anyone with a valid driver's license and insurance |
RA, NKR, CIS, Georgia, Iran |
not used as a taxi or for rent |
2.5% |
1% of the insurance amount, but not less than 50,000 AMD, and in case of theft of car or car parts - |
|
can be used as a taxi or rented |
6% |
1% of the insurance amount, but not less than 50,000 AMD, and in case of theft of car or car parts - |
INSURANCE TARIFFS AND CONDITIONS FOR FIRE AND OTHER DAMAGES TO PROPERTY
|
Policyholder |
Insurance risks ❲ accidents ❳ |
Property Type |
Annual tariff |
Unconditional non-refundable amount |
|
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Agent's Borrower/ Client |
fire or explosion |
Residential house, apartment, multi-apartment building, commercial, office, production and storage areas, hotel |
0.13% |
1% of the insurance amount, but not less than 90,000 AMD. |
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Gas station, CNG, HPP |
0.25% |
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Greenhouses |
0.15% |
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Commodity stocks, production equipment |
0.185% |
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Equipment/excavator, tractor, etc./ |
0.5% |
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Solar panels, power plants |
0.38% |
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Earthquake damage to insured property |
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0.4% |
5% of the insurance amount |
ACCIDENT INSURANCE TARIFFS AND CONDITIONS
|
Policyholder or Insured |
Insurance event (risk) |
Annual tariff |
Unconditional non-refundable amount |
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Agent's Borrower/Client |
Insured person, as a result of an accident, suffering · permanent loss of working ability (achieving disability status), · death |
0.15% |
not applicable |
* the minimum insurance premium cannot be less than 1,000 AMD
PREPAYMENT INSURANCE
|
Policyholder |
Property Type |
Insurance events (risks) |
Annual tariff |
Non-refundable amount |
|
Agent's Borrower |
Real estate (apartments, private houses, administrative buildings, structures, construction-in-progress) |
Full or partial loss - failure to receive OPA by the Lender in the event of the sale of Real Estate as a result of the Borrower’s failure to fulfill or improper fulfillment of its loan obligations to the Lender under the loan provided by the Lender to the Borrower for the purpose of purchasing real estate (hereinafter referred to as the Loan) |
2% |
not applicable |
SUPPORT ASSURANCE
|
SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
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SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
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SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
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SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
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SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
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SUPPORT ASSURANCE |
SUPPORT ASSURANCE |
Ratios applied to the above support insurance rates:
1. For the insurance contract (policy) concluded for the benefit of a person of 65-70 years of age, the Insurer applies a ratio of 2 to the basic insurance premium.
2. For the insurance contract (policy) concluded for the benefit of a person of 71-75 years of age, the Insurer applies a ratio of 2.5 to the basic insurance premium.
3. For the insurance contract (policy) concluded for the benefit of a person of 76-79 years of age, the Insurer applies a ratio of 3 to the basic insurance premium.
4. For the insurance contract (policy) concluded for the benefit of a person of 80-85 years of age, the Insurer applies a ratio of 4 to the basic insurance premium.
Dear clients,
Please refer to the address below for a more detailed information:
"Nairi Insurance" JSC
Address: RA, 0033, c. Yerevan, Avet Avetisyan 116/1 and 116/5 area
Phone: (060) 500 060, (010) 543 594
"REGO INSURANCE" ICJSC
LAND VEHICLE INSURANCE TARIFF SYSTEM
|
Number of drivers |
Annual insurance tariff |
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Unconditional non-refundable amount: 1% (minimum 50,000 AMD) |
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Unlimited number of drivers |
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1. Taxis, other public transport, sports cars, exclusive cars, as well as Russian model cars over 10 years dating back in manufacture date and foreign cars over 15 years dating back in manufacture date are not subject to insurance.
2. In the case of including Georgia as the region of coverage of the insurance contract, the tariff is multiplied by a factor of 1.1, and in the case of including the CIS countries - by a factor of 1.2.
3. In case of carjacking/car theft/ an unconditional non-refundable amount of 5% of the insured amount is applied in the presence of an anti-theft system, and10% of the insured amount is applied in the absence of an anti-theft system.
INSURANCE TARIFFS AND CONDITIONS FOR FIRE, NATURAL DISASTERS AND OTHER PROPERTY DAMAGES
|
Policyholder |
Beneficiary |
Annual insurance tariff |
Insurance event (risk) |
Unconditional non-refundable amount |
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A natural or legal person who has concluded an insurance contract with the Insurer through an agent |
Bank (Pledgee) |
· the annual insurance tariff for property with up to 50,000,000 AMD in value, will be set at 0.13%. · The annual insurance rate for property with 50,000,001 AMD to 200,000,000 AMD in value, will be set at 0.12%. · earthquake risk insurance 0.4% |
Damages to property resulting from the following insured events: |
1% of the insurance amount, but not less than 50,000 AMD, in case of an earthquake - 2% |
Property insurance exceeding the value of AMD 200,000,000 is carried out on an individual basis, the tariff is determined individually, depending on the type of property, its designation, location, etc. The above tariffs apply only to apartments, houses, public facilities, and in the case of gas stations, factories, workshops and similar facilities, the insurance tariff is negotiated with "RESO" Insurance ICJSC Head Office.
ACCIDENT INSURANCE TARIFFS AND CONDITIONS
|
Policyholder or insured |
Beneficiary |
Annual insurance tariff |
Insurance event (risk) |
Unconditional non-refundable amount |
|
A person who has concluded an insurance contract with the Insurer through an agent |
Bank (Pledgee) |
0.14%, but not less than 1,000 AMD |
Insured person as a result of an accident. 1. permanent loss of working capacity, 2. death 100% 3. Temporary incapacity to work |
not applicable |
"REGO CREDIT" ACCIDENT INSURANCE TARIFFS AND CONDITIONS
|
Options |
Insurance amount (AMD) |
Insurance premium (AMD) |
Unconditional non-refundable amount |
|
1 |
500,000 |
1,400 |
not applicable |
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2 |
750,000 |
2,000 |
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3 |
1,000,000 |
2,500 |
MULTI PROGRAM (SUPPORT) INSURANCE FOR TRAVELLERS ABROAD
|
Period of validity |
Insurance premium, AMD |
|
8 days within 30 days |
2,000 |
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30 days within 1 year |
5,000 |
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90 days within 1 year |
12,000 |
1. Under this Program, RA citizens up to 75 years of age in working capacity, foreign citizens and stateless persons can act as an Insured Person. The number of insurance days can be set to 8 days within 30 days, 30 days within 1 year, and 90 days within 1 year, with no limit on the number of Trips. According to this Program, the insurance coverage territory is set worldwide, except RA and NKR.
2. Within the framework of this Program, the total maximum number of days of insurance validity is defined between the beginning and the end of the Policy, which allows the Insured persons to make multiple trips within the specified period of validity without the need to sign new Policies.
3. In the framework of this Program, the Insurance amount is set at 30,000 EUR.
4. Within the framework of this Program, the tariffs are calculated according to Policy validity period, according to the Table (all tariffs are presented in AMD)
5. In the Policies concluded within the framework of this Program, the following companies can be mentioned as Service companies and their contact data provided: AP Companies Global Solutions, CORIS Ukraine, AXA Assistance Deutschland GmbH