Azerbaijan Insurers Association suggests lowering life insurance tariffs for mortgage borrower


March 6, Fineko/ The Association of Insurers of Azerbaijan (AIA) discussed the situation with mortgage insurance.

AIA reports that the main topic of discussion was the size of the life insurance tariff of the borrower of the mortgage loan.

"During the meeting it was stated that due to high tariffs for this type of insurance, the total amount of premiums becomes even higher. In this regard, the participants discussed the issue of drafting amendments to the Law on Mortgage, " it was reported.

The message says that following the meeting, it was decided to hold a meeting with representatives of the Mortgage and Loan Guarantee Fund.