Armenian Military Insurance Foundation pays AMD 67.4bln of indemnities

YEREVAN, November 2. /ARKA/.  Families of another 102 soldiers who were killed, wounded or went missing in the Armenian-Azerbaijani fighting have become beneficiaries of the Military Insurance Foundation.

Some 93 cases resulted from the September 13-14 Azerbaijani attacks on Armenia. Now, the total number of the Foundation’s beneficiaries stands at 4,957.

The Foundation said in a Facebook post that it has so far paid 67.4 billion drams to the families of the soldiers who were killed, wounded or went missing in the hostilities.

The Military Insurance Foundation was created to ensure social welfare, stable and various insurance compensations for servicemen and families of servicemen, who died, went missing or were disabled during the defense of the country.

According to the Armenian law, the closest relatives of career army officers, contract servicemen and conscripts who die or become gravely disabled while on combat duty receive 10 million drams one-time payment and wounded soldiers suffering from less serious disabilities receive 5 million drams in compensation.

In addition to these one-off payouts, the families of killed or disabled army officers, contract soldiers and conscripts are eligible to monthly pensions ranging from 100,000 to 300,000 drams for 20 years.

Every working Armenian citizen makes monthly mandatory contributions to the Foundation. -0-