YEREVAN, July 27. /ARKA/. Nairi Insurance Co. and the Zangezur Copper-Molybdenum Combine located in southern Armenian province of Syunik signed today an agreement on voluntary health insurance of 3.500 employees of Armenia’s largest smelter and their family members – overall some 10,000 people.
Under the agreement Nairi Insurance is committed to cover 5 million drams worth health costs of each employee and his/her family members a year. Nairi Insurance CEO, David Bagdasarian said large companies in Armenia are beginning to act in accordance with the concept of ethical and responsible business.
"A good example of it is the agreement we have signed today; in fact, we will insure the population of the town of Kajaran that hosts the combine," he said.
"We appreciate this step of our partner as an important condition for further development of health insurance in Armenia, and as a good example for other companies to follow suit," he added.
Baghdasarian said Nairi Insurance is keenly aware of the scope and significance of the task it has undertaken, because "insuring almost a town is not an easy thing, but we have proven many a times that we are not afraid of difficulties."
Chief advisor to the CEO of the combine, Sos Ghahramanyan, said the Zangezur Copper and Molybdenum Combine, being the largest industrial enterprise in Armenia, has always sought to improve the quality of life of its employees.
"We chose Nairi Insurance because it offered the most flexible insurance package that complies with standards used by the civilized world," he said.
Ghahramanyan also added that providing employees with health insurance will have no impact on their salaries because the costs of insurance is assumed by the plant. -0-