News

We are pleased to announce that The Insurance Foundation for Servicemen has started cooperating with "Kaffa", a national coffee-making company.

From now on, by buying 1 box of coffee you will be donating AMD 50 to the Insurance Foundation for Servicemen.

The participation of the private sector in the insurance of servicemen is one of the best displays of confidence towards the Foundation.  

Recently French-Armenian philanthropist Raymond Yezegelyan has donated $ 10 000 to the Insurance Foundation. We remind you that he has made another major donation ($ 15 000) in 2017, which was the first major donation in the history of the Foundation.

On 24.01.2018 the ALM committee of the Foundation approved the compensation of a soldier with total (I degree) disability. 
Today private Arsen Hovakimyan shall receive a lump sum payment of AMD 10 million (appx. USD 21.000) and will be accorded monthly payments of AMD 200.000 (appx. USD 400) throughout 20 years.

In 2017 the Insurance Foundation for Servicemen has provided for 37 compensations with a total of 2,272,000,000 AMD ((≈4,695,000 USD) in liabilities.

The Foundation is glad to present an overview of the donations that we have received from each country throught 2017.

Most of the donations came from Armenia and from France (USD 146,515 and USD 15,000 respectively). The third country where donations came from the most is Cyprus (USD 10,000).

On 27^th of December 2017 the ALM committee approved compensations to 4 soldiers with marked disabilities.

Today soldiers with marked disabilitites privates Alik Avanesyan and Rafayel Hayrapetyan and captains Gnel Hambardzumyan and Mikayel Sargsyan will each receive a lump sum of 5 million AMD (appx. USD 10 372), as well as monthly payments in the amount of 100 000 AMD (appx. USD 207) and 200 000AMD (appx. USD 414) respectively throughout the next 20 years

On the 4^nd of December 2017 the ALM committee approved six more compensations. 

Private Narek Grigoryan, who has total disability will receive a lump sum of AMD 10 million (appx. USD 21.000), as well as monthly payments of AMD 200 000  (appx. USD 450) throughout 20 years. 

Private Roman Gevoryan, who has marked disability will receive AMD 5 million (appx. USD 10 000) and monthly payments of 150 000 (appx. USD 300) throughout a period of 20 years. 

The families of deceased Sergeant Hayk Khachatryan  and Privates Chaplin Margaryan, Tigran Khachatryan and Seyran Sargsyan will each receive a lump sum payment of AMD 10 million (appx. USD 21.000) and monthly payments in the amount of AMD 200 000 (appx. USD 450) throughout 20 years.

According to an agreement signed with "ARMBUSINESSBANK" CJSC and  "ConverseBank" CJSC the amounts will be transferred to special bank accounts opened for the beneficiaries which will be serviced free of charge.

We are happy to announce that the Insurance Foundation for Servicemen has begun collaborating with the Armenian company Gourmet Dourme. Gourmet Dourme has been producing handmade quality chocolate producer since 2007 and after years of hard work has become a nationaly recognized and trusted quality brand. 

From now on, a part of the revenue from te sales of  "Soldier", "Mother", "Father", "Brother" and "Sister" chocolate bars will go to the Insurance Foundation for Servicemen. So by buying one of these chocolate bars, you will be donating to us. 

The Foundation values every collaboration and every imput that help the Foundation realize its goals. 

Businessman and philanthropist Hovsepian Garabet donated USD 5000 to the Insurance Foundation for Servicemen in celebration of his daughter’s wedding. While toasting to his daughter’s happiness Mr. Hovsepian noted : “We are celebrating, we are rejoicing, however, at this very moment there are soldiers who are protecting our borders: we have much to do…. It is imperative that we stand by our soldiers and this is why we have decided to donate to the Insurance Foundation for Servicemen.” During our talk with Mr. Hovsepian, he noted that in his opinion many people should follow the example of his daughter, that donating should become a tradition, for it is the duty of every Armenian’s soul to stand alongside the men who are ensuring our safety and keeping peace on our borders. “For me our soldiers above everything else: our homeland and our soldiers.” said Mr.Hovsepian. Mr. Hovsepian also calls on 10 million Armenians to help the Foundation, for if every one of those 10 million people were to donate just $2 every month, the Foundation would have enough means to insure the lives and health of the armenian soldiers. He also noted, that although there are wealthy compatriots who can help, it is more important for this do be a nationwide movement, which will show that the Armenian people, as one, stand alongside their soldiers.