First Compensations

The Insurance Foundation for Servicemen has made its first two compensations today to the families of departed soldiers Gor Gareginyan and Andranik Musikyan. 

According to the agreements reached with ArmBusinessBank and Converse Bank, the Insurance Foundation for Servicemen will open special bank accounts in the names of the beneficiaries and will transfer a lump sum of 10Mn. Armenian Drams (roughly $20 000) to each of the families

According to the Law on the Compensation of Loss of Life or Health of Servicemen Suffered During the Defense of the Republic of Armenia, in addition to the lump sum every month the Beneficiary Families will receive 200 000 Armenian Drams (roughly $400) throughout a 20 year period.