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Insurance

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)
 

Land transport insurance

Only with authorized drivers
For drivers with less than 3 years of driving experience: 2% minimum, 80,000 AMD
 

 

0.4% - minimum 1,000 AMD, (to include earthquake risk, it is necessary to sign separate property insurance contracts)

Property insurance against fire and natural disasters

0.135%: minimum 1,000 AMD (without earthquake risk insurance)
 Unconditional non-refundable amount 1% minimum 90,000 AMD
 0.4%, minimum 1,000 AMD (earthquake risk insurance)
 Unconditional non-refundable amount 2% minimum 90,000 AMD
 

Accident insurance

0.16% -minimum 1,000 AMD (permanent incapacitation, death)
 unconditional non-refundable amount - Not applicable
 

Prepayment insurance

2% - minimum 1,000 AMD
 unconditional non-refundable amount - Not applicable
 

 

  

"Ingo Armenia" ICJSC
INSURER’S TARIFFS
(the insurance beneficiary is the bank’s client or the bank)

 

Land transport insurance

 2%, minimum, 80,000 AMD
 

 

0.4% - minimum 1,000 AMD, (to include earthquake risk, it is necessary to sign separate property insurance contracts)

Property insurance against fire and natural disasters

0.135%: minimum 1,000 AMD (without earthquake risk insurance)
 Unconditional non-refundable amount 1% minimum 90,000 AMD
 0.4%, minimum 1,000 AMD (earthquake risk insurance)
 Unconditional non-refundable amount 2% minimum 90,000 AMD
 

Accident insurance

0.16% -minimum 1,000 AMD (permanent incapacitation, death)
 unconditional non-refundable amount - Not applicable
 

Prepayment insurance

2% - minimum 1,000 AMD
 unconditional non-refundable amount - Not applicable
 

 

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

Accident insurance

0.16%, minimum 1,000 AMD

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.

Land transport insurance only for new vehicles purchased from the primary market (car dealerships) (hereinafter referred to as Project **).
Insured risk: physical damage and theft

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.

Non-commercial property insurance

For risks other than earthquakes:
 0.135%, the minimum amount is 2,000 AMD; non-refundable amount: 1%, minimum 100,000 AMD.

In case of an earthquake:
 0.4%, minimum amount 2,000 AMD, non-reimbursable amount: 2%, minimum 400,000 AMD.

 

Excluding COVID-19

Support insurance ( special package for Bank cardholders )

Period of validity of insurance

Non-refundable amount

Insurance premium

The insurance amount for all presented options is 30,000 Euros. Territory coverage: worldwide.

30 days within a year

200 Euro

3,500 AMD

60 days within a year

200 Euro

5,800 AMD

90 days within a year

200 Euro

8,800 AMD

Support Insurance (Voluntary Sale)

Excluding COVID-19

 

Period of validity of insurance

Non-refundable amount

Insurance premium

Support insurance. Insurance coverage: 30,000 Euros.

15 days in a year

200 Euro

4,500 AMD

30 days within a year

200 Euro

5,000 AMD

60 days within a year

200 Euro

8,000 AMD

90 days within a year

200 Euro

12,500 AMD

90 days within a year

200 Euro

14,000 AMD

 

Homeowners¹ and civil liability 2 insurance

Personal property

Insurance

Insurance premium

2,000,000 AMD

6,000 AMD

3,800,000 AMD

11,400 AMD

5,600,000 AMD

16,800 AMD

7,500,000 AMD

22,500 AMD

civil liability

500,000 AMD

1,100 AMD

900,000 AMD

1,900 AMD

1,500,000 AMD

3,200 AMD

2,200,000 AMD

4,800 AMD

Voluntary medical insurance "Health insurance with fixed monetary compensation"

Program

Insurance

Insurance premium

MiniMed

250,000 AMD

10,000 AMD

MiniMed +

500,000 AMD

15,000 AMD

Mortgage Liability Insurance ³

Program

Tariff

"Housing for Youth" program of RFO CJSC

2% minimum 1,000 AMD

Program of "National Mortgage Company" RFO CJSC

2%, minimum 1,000 AMD
 The "Special Provisions" presented as Appendix 2 are an integral part of the contract:

Bank's own resources

3% minimum 1,000 AMD

*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 -
 5%

 

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 -
 5%

INSURANCE TARIFFS AND CONDITIONS FOR FIRE AND OTHER DAMAGES TO PROPERTY

 

Policyholder

Insurance risks accidents

Property Type

Annual tariff

Unconditional non-refundable amount

 

Agent's Borrower/ Client










 

fire or explosion
 hail, flooding or torrential rain
 storm or strong wind
 falling of a tree, flying object, debris, or hitting a ground vehicle
 failure of the heating, water supply or drainage system
 malicious activity by third parties
 theft or robbery by breaking the lock or using violent force

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.











 

 

Gas station, CNG, HPP

0.25%

 

Greenhouses

0.15%

 

Commodity stocks, production equipment

0.185%

 

Equipment/excavator, tractor, etc./

0.5%

 

Solar panels, power plants
 

0.38%
 

 
 

 

Earthquake damage to insured property

 

0.4%

5% of the insurance amount
 
 

 

ACCIDENT INSURANCE TARIFFS AND CONDITIONS

Policyholder or Insured

Insurance event (risk)

Annual tariff

Unconditional non-refundable amount

 

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

SUPPORT ASSURANCE

SUPPORT ASSURANCE

SUPPORT ASSURANCE

SUPPORT ASSURANCE

SUPPORT ASSURANCE

SUPPORT ASSURANCE

SUPPORT ASSURANCE

SUPPORT ASSURANCE

SUPPORT ASSURANCE

SUPPORT ASSURANCE

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

 

Unconditional non-refundable amount: 1% (minimum 50,000 AMD)

Unlimited number of drivers


2.2%

 

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

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:
 a) fire, explosion, lightning strike,
 b) water damage caused by water supply, heating, sewage and fire fighting systems,
 c) natural disasters,
 d) burglary, robbery, robbery,
 e) illegal actions of third parties,
 f) collision, impact, glass breaking,
 

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,
 I Class  disability 100%
 II Class disability 80%
 III class disability 60%

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

 2

 750,000

2,000 

 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

30 days within 1 year

5,000

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