Term life Insurance

Term life insurance is one of the simplest and most inexpensive programmes available. If the insured person dies during the period of insurance, the benefit from the insurance company will be paid to their heirs (or other insurance beneficiaries) in the amount of the insurance coverage as specified in the insurance policy. Insurance premiums for this type of insurance are relatively low.

The amount of the insurance premiums depends on the age, profession and health condition of the insured party, as well as the insurance coverage and period of insurance. For instance, a person aged 35 taking out a policy worth AZN 10,000 with the period of insurance of 1 year will have to pay an insurance premium of only AZN 90. As you can see, keeping your family safe is not so expensive.