VAB Life carried out payments of 80 000 UAH by agreement of corporate insurance on the risk «Proof of loss of ability to work as a result of accident and/or disease».
VAB Life carried out payments of 80 000 UAH by agreement of corporate insurance on the risk «Proof of loss of ability to work as a result of accident and/or disease». In total during 2007 VAB Life has paid out 350 100 UAH, of which 137 600 UAH on disability.
As the Chairman of the Board of VAB Life Natalia Derevyanko pointed out, in accordance to world practice in life-insurance the growth of volume of insurance payments of the company testifies its active development. So, for the first half-year of 2007 the company concluded 1 597 new agreements, the sum of the insurance payments amounted to 1 702 500 UAH. Also the specialists of VAB Life are constantly working to upgrade the services and the expansion of their services. As reported before, from June, 2007 the company introduced to the offered insurance products medical insurance.
Reference dataVAB Life works in the financial market of Ukraine since 2004 and from October 2006 it is a member of the universal finance VAB Group.
Among the shareholders of VAB Life is the international holding of TBIH Financial Services Group NV (through Ukraine Pension and Insurance Holding B.V.) and VAB Bank.
VAB Life offers its clients accumulative, pension, risk and credit insurance. On the 1st of January 2007 the assets of the company amounted to 24 109 000 UAH, insurance provisions are 2 806 000 UAH, amount of received insurance payments are 2 211 000 UAH, the volume of insurance payments is 286 000 UAH and the chartered fund is 21 500 000 UAH.
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