Military Insurance Fund collected 18 billion drams, paid 1.3 billion drams in compensations

YEREVAN, SEPTEMBER 13, ARMENPRESS. Since January 1, 2017 the Military Insurance Fund of Armenia has provided compensations to the families of more than 370 soldiers who were killed or sustained disabilities during the military service, Director of the Military Insurance Fund Varuzhan Avetikyan told a press conference in Armenpress.

“During over two years of our operation, a total of 18 billion drams have been collected and more than 1.3 billion drams have been paid in compensations. We receive the main funds by each citizen working in Armenia and Artsakh from the monthly paid 1000 drams”, he said.

Avetikyan said the Fund has two main groups for allocations – families of fallen soldiers and soldier who became disabled during the service.

“When the law was adopted, it was stated that the Fund should provide compensation for the cases which have taken place after January 1, 2017. But over the course of the time we saw that we can compensate for the cases registered in 2015 and 2016 with these collected funds. The Board of Trustees of the Fund made such a decision. This year the Board of Trustees made one more important decision, to make compensations for the cases that have taken place during 2008-2014. The final goal is not to have any disabled soldier who hasn’t received a compensation”, the Director of the Fund said.

Edited and translated by Aneta Harutyunyan