New York Life insurance company launched payment of compensations to the heirs of the Armenian Genocide victims. According to lawyer Vardges Yeghiayan, the commission approved 2515 out of 5692 appeals and launched payment process. In his words, Armenians not living in Armenia will receive bank checks. Those residing in Armenia will receive the sum via transfers in one of the RA banks. All the people who sent appeals will receive written notice on confirmation or rejection. In the United States people can get letters in several days while in Armenia the process can last a week or more. The sum to be paid to 1254 heirs in Armenia makes $3.6 million; 896 American Armenians will be paid $2.7 million. The whole sum totals some $8 million. The rest $3 million will be paid to charitable organizations. Bardres Yeghiayan also informed that the Aksa French insurance company has also allocated appropriate funds. The names of the insured people numbering 4-5 thousand will be posted on www.armenianinsurencesettlement.com website, reports RFE/RL.