Insurance company "Alliance Policy" launches in association with ATFBank insurance policies on box insurance system

/KASE, April 13, 15/ – Insurance company "Alliance Policy" JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote IC "Alliance Policy" (hereinafter – Alliance Policy) suggests you to arrange an insurance policy at ATFBank according to the box insurance scheme. The box insurance is a ready special insurance policy. The so-called "box" includes a special set of risks (e.g. risks to own health, risks of property damage etc.) and insurance price and premium optimal for those risks. At the same time, the box insurance, as opposed to the classic insurance, does not stipulate pre-insurance procedures, e.g. property evaluation or medical check, and is arranged according to principle "here and now". In general, such approach allows one to choose an insurance product easily and comfortably. "As part of cooperation with ATFBank our company developed five modern box insurance programs, including insurance protection against risks most likely for Kazakhstan residents. In addition, to ATFBank's 20th anniversary we provide to all clients of ATFBank exclusive discounts on those insurance programs. Thus, we managed to ensure an optimal combination of favorable price, reliable insurance protection and convenience of the programs", – says First deputy Chairman of Management Board of "Alliance Policy" Andrei Kopov. Main convenience of box insurance products is that they can be arranged in ATFBank's branches. As of April 6, 2015 insurance services are available in all Almaty-based branches of ATFBank, and from April 15, 2015 an insurance policy can be arranged in ATFBank branches in Semei. In those cities the box insurance prioject is launched as a trial, and in perspective this experience will be applied to all branches of ATFBank. "Box insurance is a normal practice for banks of Europe and Russia. For Kazakhstan in this stage of insurance market development – this is a unique offer. Now our clients will obtain in their disposal a simple and economic method to insure themselves and their relatives on main risks within 5 minutes", – said Rakhman Saitbaev, Executive director of ATFBank for business development. An advantage of box insurance at ATFBank is minimum expenses of time and efforts of clients. To arrange an insurance policy no additional documents or certificates are needed, an ID document is sufficient. As a result the affordability and simplicity of arranging an insurance policy also reduce its price. Clients may choose between such insurance types as insurance of real estate from damage by fire, water etc. According to program "Repair", insurance of real estate from damage and against damage to property of neighbors, damage from earthquake, insurance of civic responsibility against damage to property of neighbors, insurance against accidents. In addition, a box insurance can be presented as gift. As an additional bonus when arranging an insurance clients of ATFBank receive a discountcard from Alliance Policy, which can be used when buying classic insurance products in the company. unquote [2015-04-13]