The company was registered in March this year and started to sell its products in May. The insurer's charter capital is AZN 15 million (~EUR 8 million), Halq Sigorta owns 100% of its shares.
Xalq Hayat provides services both in compulsory and voluntary insurance. According to the company, on May 8, 2019 the insurer was included into the register of compulsory insurance companies of the Union of legal entities for compulsory insurance against industrial accidents and occupational diseases.
*EUR 1 = AZN 1.8592 (30.09.2019)