Box insurance


VTB Bank (Azerbaijan) offers boxed insurance products.

The boxed insurance product is an insurance program with a predetermined set of conditions, risks and sums insured sums.

The boxed insurance product of the bank includes:

Period of insurance: 1 year

Insurance case: Damage caused because of car accidents, fire, explosion, theft, illegal actions of third parties, etc.

Insurance Coverage: Azerbaijan Republic

Documents required for obtaining insurance:

1. Identity card;

2. Driving license;

3. Vehicle registration document

Insurance payment for this product shall be issued only on the basis of "initial damage". The client can use the insurance once, after which the contract expires.

         Product                             Types                                Insurance cost                    Franchise                         Amount                        
      KSP - CASCO                Variant 1         2500.00 AZN      100 AZN    99.00 AZN   
          Varian 2         5000.00 AZN      100 AZN   220.00 AZN     

Period of insurance: 1 year

Insurance case: Road accident

Insurance Coverage: Azerbaijan Republic

Documents required for obtaining insurance:

1. Identity card;

2. Driving license;

3. Vehicle registration document.

Insurance payment for this product shall be issued only on the basis of "initial damage". The client can use the insurance once, after which the contract expires.

Product Types Insurance cost Franchise Amount
KSP - CASCO Variant 1 2500.00 AZN 100 AZN 70 AZN
Variant 2 5000.00 AZN 100 AZN 140 AZN


Period of insurance: 1 year

Insurance case: In case of fire, explosion, earthquake, broken windows, flooding, theft and other cases

Insurance Coverage: Azerbaijan Republic

Documents required for obtaining insurance:

1. Identity card;

2. A document confirming the ownership of property (bill of sale or a contract)

The product is offered together with compulsory insurance. When buying KSP "Real-estate Insurance" with the compulsory insurance, the insurance cost increased by 2 times (from 25000-to 50000).

Amount of compulsory insurance of real estate: 50 AZN (Insurance cost: 25000 AZN)

Amount of KSP real –estate insurance: 20 AZN (insurance cos: 25000 AZN)

Total sum: 70 AZN (insurance cost: 50000 AZN)

               Product                           Insurance Coverage                                    Insurance cost            Franchise                           Amount                   
  KSP – Real estate insurance              Baku                  50000.00 AZN  250 AZN                   70.00 AZN       
  KSP – Real estate insurance      Ganja, Sumgayit and Nakhichevan                  40000.00 AZN  200 AZN                   59.00 AZN
  KSP – Real estate insurance      Other settlements                  30000.00 AZN  150 AZN                   48.00 AZN

Period of insurance: 1 year

Insurance case: Death, permanent / temporary and total / partial disability

Insurance Coverage: Azerbaijan Republic 

 

Documents required for obtaining insurance:

1. Identity card

There are to pay damages for the loss of health or client.

         Product                                                 Types                                                Insurance cost                                                     Amount                             
        KSP-Accident Insurance                 Variant 1                 2000.00 AZN                 30.00 AZN
                 Variant 2                 3000.00 AZN                 35.00 AZN