Description
History
Pasargad Insurance Company was established by Pasargad Financial Group to provide insurance services in the field of life and non-life insurance (directly and through reinsurance) and to earn a balanced profit in line with national interests and interests. The company was registered in the Tehran Companies and Non-Commercial Institutions Registration Office on 11/18/2006 under the number 290070 with a capital of 450 billion rials, 50% of which was paid up, and after completing the necessary formalities on 11/29/2006, it received its activity license in all insurance lines under the number 34605 from the Central Insurance of the Islamic Republic of Iran and began its official activity on 12/01/2006 with the issuance of the first insurance policy. (Economic Code 411111651948) The company received a reinsurance acceptance license from domestic insurance institutions under number 25598 from the Central Insurance Agency of the Islamic Republic of Iran on 25/08/2007 and began its activities in this sector by issuing the first acceptance certificate on 18/09/2007, and this license has been renewed every year.
Objectives
Comprehensive planning to achieve the appropriate portfolio mix in personal, property and liability insurance
Implementing appropriate methods to expedite the payment of claims and promote methods to prevent claims to policyholders
Expanding reinsurance (acceptance) and also receiving reinsurance coverage for large risks
Developing and promoting insurance services at the community level in order to achieve a desirable share of the country’s insurance market
Designing and offering new insurance products according to the needs of the community
Implementing appropriate risk assessment methods to select the optimal portfolio
Organizing and developing a sales network to provide optimal and extensive services throughout the country
Proper utilization of the company’s reserves and savings with an active presence in the country’s money and capital market
Cargo insurance
Cargo insurance is known as one of the oldest insurance fields, and since trade and commerce expanded globally, the need for it has been felt more. Although the development of transportation systems in human societies has reduced the severity of some transportation risks, due to the increase in the volume of shipments and the increase in the speed of vehicles, the goods being transported are also exposed to more serious risks. In fact, cargo insurance is a coverage to compensate for damages and losses incurred by shipments from the point of loading to the final destination for products of manufacturing plants, consumer goods, raw materials, various types of artifacts and machinery that are damaged during transportation, loading and unloading. In this regard, Pasargad Insurance Company covers all goods that are imported to the country or exported to other countries or that are moved from city to city within the country or transported from factory to warehouse.
Types of Cargo Transportation Insurance
Types of cargo transportation insurance include domestic, export, import and transit transportation, which are provided by land, sea, air or a combination of them at the lowest possible rates, under different clauses and for different coverages by this company, each of which we will explain separately:
Domestic Transportation Insurance:
This insurance policy covers shipments whose origin, destination and transportation route are within the geographical area of Iran and covers risks arising from fire, explosion, accident, overturning, being thrown from the vehicle, total theft of the shipment, damage caused by unloading and loading, waterlogging, and collision of foreign objects with the shipment.
International Transportation Insurance:
This insurance policy covers imported, export and transit shipments based on the standard conditions of the Institute of London Underwriters, A-B-C or Total Loss conditions.
Types of Insurance Policies:
1. Import Cargo Insurance
2. Export Cargo Insurance
3. Domestic Cargo Insurance
Gallery
