Azerbaijan simplifies system of premium paying on compulsory motor insurance

12:17 - 8.01.2018


January 8, Fineko/abc.az. The Compulsory Insurers Bureau of Azerbaijan is taking measures to increase transparency of services.

The Bureau reports that the motorists can now pay fees on contracts for compulsory third party liability insurance through MilliÖn terminals.

"Citizens, taking advantage of the innovation, can transfer themselves contributions on their contracts to accounts of insurance companies serving those contracts," CIB said in a statement.

For this the motorist just needs to choose on the terminal screen a menu ‘Insurance’ and then tab ‘Compulsory car insurance’, and entering the appropriate data to make the payment. Payment can be made after use of the payment code sent from short number 9707 to the mobile phone number of the insured, registered in the system, or a serial number of ID and the number of the motor vehicle. As payment terminals accept only paper notes, the residual amount nominated in gapiks can be transferred to the account of utility services of the consumer.

Payment of the insurance premium through the terminal is a more acceptable method for citizens wishing to control directly the amount of contributions and the process of payment as a whole.

This innovation was made possible due to the cooperation of the Bureau with company Komtec, the operator of payment system MilliÖn.

 

 

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