Danil Khachaturov: RA government should teach people to save funds for old ageDecember 2, 2010 - 16:57 AMT PanARMENIAN.Net - President of Rosgosstrakh group of companies Danil Khachaturov said that legislative initiatives are required in Armenia for introduction of life insurance. “If we consider that it is high time to introduce this service, we will establish a company providing it,” Khachaturov told a PanARMENIAN.Net reporter. “Tax privileges are needed for life insurance development in the country. Employees and employers should be confident that if a part of salary is transferred to a non-state pension fund or life insurance company, it is tax-free. In other words, the state lends you for 15-20 years at a zero interest rate so that you save funds for yourself,” he said. According to Khachaturov, Armenia has a great potential for the insurance market development. In his opinion, currently insurance should make 2.5-3% of the country’s GDP. “This figure makes 15% in Great Britain, basically at the expense of life insurance. The government should teach the Armenian people to save funds for old age, while life insurance should be stimulated to this end. It is the main type of insurance worldwide,” concluded Khachaturov. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |