This is a joint project between OJSC Bank of Baku and OJSC Pasha Life Insurance. Please review the tariffs table below for more detailed information on benefits and advantages of the service.
Please note that the amount paid on the Savings account from your salary (insurance fee) is exempt from Income Tax and any tax payable to State Social Protection Fund.
| Salary | Below 2500 | Over 2500 | ||
|---|---|---|---|---|
| Minimum term | Amount paid to savings insurance is exempt from: | |||
| Income tax | SSPF | Income tax | SSPF | |
| 36 ay | 14 | 3% and 22% | 25% or 14% | 3% and 22% |
The insurance fee paid is invested by OJSC Pasha Life Insurance to OJSC Bank of Baku. Income margins offered to clients by the Bank are:
| Currency | AZN | USD |
|---|---|---|
| Interest rate | Annual 7,25% | Annual 0,5% |
| Benefits for employee: | Benefits for entity: |
|---|---|
| Employees with salaries up to 2500 receive up to 50% income in addition to any amounts paid in to the saving insurance | Staff motivation and loyalty |
| Employees with salaries over 2500 receive up to 72% income in addition to any amounts paid in to the saving insurance | Income for employees until the end of term without any additional costs for entity |
| Employees shall receive life insurance coverage in the amount to be received by them. |
