On the basis of an agency agreement, Taze Hyzmat Company is an Agent of Atiyachlandyrysh Hyzmatlary Closed Joint stock Company and provides insurance services.

Insurance is a relationship between the policyholder and the insurer to protect the property interests of individuals and legal entities (policyholders) upon the occurrence of certain events (insured events) at the expense of monetary funds (insurance funds) formed from insurance premiums paid by them (insurance premiums).

There are two types of insurance in Turkmenistan: compulsory and voluntary.
The difference between types of insurance:

• Compulsory insurance is carried out by virtue of the legislation of Turkmenistan, which establishes the types, conditions and procedure for compulsory insurance.
• The implementation of compulsory types of insurance is entrusted to the state insurance organizations of Turkmenistan.
• Voluntary insurance is carried out on the basis of contracts between insurers and policyholders.
• The rules of voluntary insurance, defining the conditions and procedure for its implementation, are established by insurers in accordance with the provisions of the Law of Turkmenistan “On Insurance”.
Our services:
• Insurance of movable property of individuals and legal entities
• Insurance of real estate of individuals and legal entities
• Voluntary insurance of motor vehicles of individuals and legal entities
• Voluntary insurance of buildings, structures, greenhouses, warehouses of individuals and legal entities
• Calculating the cost of insurance
IE “Taze Hyzmat” provides insurance services at the following rates:
• 1.5% tariff — in case of car accident of movable property of individuals and legal entities;
• 0.34% tariff — in cases of fire and natural disaster of real estate of individuals;
• 0.15% tariff — damage to commercial real estate in the event of a natural disaster;
• As well as other tariffs in cases of flooding, theft, broken windows and mirrors.