From IFS to ZINAPAH
2023 on April 26, Insurance Foundation for Servicemen's held a press conference. The Chairman of the Board of Trustees, Irina Seylanyan, presented the long-term development path of the Foundation. The Chief Executive Officer Karine Sargsyan presented the 2022 annually and 2023 Q1 reports. Narine Galstyan, Director of Public Relations and Communication announced that the Insurance Foundation for Servicemen, previously known as 1000+, changed its name to ZINAPAH – National Foundation for Servicemen Insurance.
2017 - 2022 ZINAPAH provided compensation to 5,090 beneficiaries. 411 cases were compensated in 411 and 52 cases – in Q1, 2023.
2017- 2022 ZINAPAH income from mandatory contributions made up 95 billion AMD, the portion of income from donations and asset management equaled to 9 billion AMD and 10 billion AMD respectively. The total amount of compensation is 70.9 billion AMD.
In 2022 ZINAPAH income from mandatory contributions made up 35 billion AMD, the portion of income from donations and asset management equaled to 0.5 billion AMD and 3 billion AMD respectively. The total amount of compensation is 16.8 billion AMD.
Q1, 2023 ZINAPAH income from mandatory contributions made up 10.5 billion AMD, the portion of income from donations and asset management equaled to 0.1 billion AMD and 3 billion AMD respectively. The total amount of compensation is 1.1 billion AMD.
Narine Galstyan continued the conference and presented the rebranding project of the Foundations. ZINAPAH symbolizes the brave eagles protecting the borders of our Homeland.
The decision to rebrand to ZINAPAH was based on several reasons:
- To improve awareness and visibilityamong our beneficiaries, donors, partners, and the wide public as even among our beneficiaries there was a very low awareness level of the Foundation.
- To differentiate ourselves from other foundations asZINAPAH embodies the spirit of our mission, vision, and values. Our mission is to unite the nation to stand by the servicemen and their families to ensure financial stability and dignified life for them, with our vision to be socially responsible foundation, and our values of TRANSPARENCY, ACCOUNTABILITY, and INTEGRITY.
- To better reflect our current work with a fresh look and refresh the Foundation’s image.
ZINAPAH
National Foundation for Servicemen Insurance
- The logo outlines an eagle as a force of spirit, invincibility, and courage, and they are our brave soldiers.
- The eagle carries a shield symbolizing the Foundation, firmly standing by eagles safeguarding our borders. The shield is a means of ensuring the protection of our statehood and Homeland.
- In the center of the shield, is an ear of wheat as a symbol of rebirth and continuation of life.
ZINAPAH slogan is united for our soldiers... expressing our support as a nation to our servicemen and their families and emphasizing the mission of ZINAPAH as a national success story.