KYIV. June 9 (Interfax-Ukraine) – Oschadbank (Kyiv) as of June 1, 2016 sold 135,000 insurance policies and this was 30 times more than a year ago – 4,500 policies, the bank has said in a press release.
“This year it was decided to increase operations on the bank insurance market. After studying the needs of people we offered two new products in April – Protect Your House and Obereh,” Director of the retail business department Valeria Malakhova said.
The leader in the insurance segment of the bank is compulsory insurance of civil liability of motor vehicle owners (OSAGO) – over 27,000 policies were sold in January through May 2016. Over 85,000 policies were sold for the new product Protect Your House (insurance of leased houses). These policies are signed for the period from one month to one year. The bank also sells the Doctor on the Way insurance product.
The bank said that OSAGO agreements are signed on behalf of PRO100-Strakhuvannia, AXA Insurance, Krayina and Brokbusiness. The policies for voluntary insurance of civil liability of motor vehicle owners and medical insurance (Doctor on the Way) policies are signed on behalf of AXA Insurance. The bank cooperates with MetLife under the Obereh accident insurance program and with Strahovoy Dom under the Protect Your House program.
The franchise for the policies is nil, and the fee for buying the policy is not collected. The bank’s network includes 4,500 departments.
Oschadbank was founded in 1991. Its sole owner is the state.
The bank ranked second among 109 operating banks in the country on April 1, 2015 by total assets (UAH 180.982 billion), according to the National Bank of Ukraine.
