New Trade Insurance supports the country’s manufacturing and service industries

According to Monetary News, quoted by Tejarat-e-Noo Public Relations, Nimanurollahi, CEO of Tejarat-e-Noo Insurance Company, called insurance companies one of the most effective institutions in improving the economic infrastructure and business environment in the country, which can create mechanisms to protect investments against various risks. Reduce the effects of investment threats and ultimately help increase financial stability in the country.

Noorullahi said: “Currently, inflationary conditions have put a heavy pressure on economic enterprises and manufacturing companies in the country, especially companies that are at the forefront of sanctions.”

He added: “On the other hand, inflation in the country has greatly increased the value of property of industrial and production units, so that the purchase of insurance policies and the provision of full coverage with updated values ​​for many of these units has led to significant premiums.” In such a situation, most of these insurers either completely abandon the purchase of the insurance policy or prefer to provide only the initial coverage due to the high prices.

The CEO of Tejarat-e-Noo Insurance Company acknowledged: In this regard, Tejarat-e-Noo Insurance Company, taking into account the slogan “Production; “Supports, Barriers”, and with the aim of supporting large insurers, including the manufacturing and service industries, seeks to facilitate and make possible the purchase of the required insurance coverage for insurers.

Noorollahi stated: “In the current situation, only by designing appropriate insurance products and covering the existing risks, economic activists can be supported. Has operated.

He explained that this plan is designed with two approaches to developing strategic partnerships of New Trade Insurance with large organizations and companies and expanding effective cooperation between the bank and insurance and in order to increase the influence of customers, especially corporate customers.

The CEO of Tejarat-e-Novo Insurance Company stated: The borrower or insurer will enjoy the benefits of paying the premium installments at the lowest cost by using the benefits of the “Trade Insurance Loan” plan while acquiring insurance services and covering their risks.

Noorollahi emphasized: Tejarat Insurance Company, considering the role of insurance in strengthening the resistance economy by creating an incentive nature in the “Trade Insurance Loan” plan, has provided the possibility for insurers to provide full insurance coverage, which while creating peace of mind. Moreover, it insures insurers_borrowers from the adverse effects of unforeseen events.

He said: “In fact, Tejarat Insurance Company, by presenting the” Trade Insurance Loan “plan, facilitates the purchase of insurance coverages required by industries and large companies such as engineering, liability, industrial fire and energy insurance and the payment of insurance premiums required for insurers_borrowers.” .

Noorullahi added: “Therefore, organizations and production units that pay high premiums can purchase the necessary and complete insurance policies they need with easier payment terms and in low interest installments through the corporate insurance loan scheme.” In this possibility, the equivalent of the premium amount is paid to the borrower-insurer of the loan and while receiving insurance coverage, the loan installments are gradually repaid during the coverage period and with a small interest.

He said: “According to Article 1 of the Insurance Law, the provision of insurance services is possible only in return for receiving insurance premiums; But at the same time, according to paragraph 3 of Regulation 76, the payment of insurance premiums in installments has been recognized and has become a custom in the insurance industry.

The CEO of Tejarat-e-Noo Insurance Company stated that Tejarat-e-Noo Company, with the correct knowledge of the country’s economic conditions and the needs of industries and production units in this sector, has used the benefits created for its insurer in the corporate insurance loan plan. he does.