Total funds

000025868401
Stamp duty
000025472217
12357082040 25472217 22473960 1690435300
Donations
000000396184
192196848 396184 349551 26292318

Compensations

000001591242
Compensation to an injured soldier

17

Oct.,

2018

Compensation to an injured soldier

On 9th October 2018, ALM Committee has made a decision to make compensation  to an injured solider, based on the decision of the Board of Directors of the Foundation dated 14.06.2018,


Until the decision on soldier’s disability status scale a monthly compensation of 100,000 AMD for up to 6 months will be provided to Arthur Grigoryan.


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

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Compensation to family of fallen soldier and to soldier with disability

08

Oct.,

2018

Compensation to family of fallen soldier and to soldier with disability

 

On 5th October 2018 the ALM committee approved the compensation of the family of fallen soldier and one solders with disability.   

Today the families of Jorik Petrosyan will receive a lump sum payment of AMD 10 million and will be accorded monthly payments of AMD 200 000 throughout 20 years.  The solder Ervand Xachatryan on his turn will receive a lump sum payment of AMD 5 million and will be accorded monthly payments of AMD 200 000 throughout 20 years.   

According to an agreement signed between “CONVERSE BANK” CJSC and "ARMBUSINESSBANK" CJSC the amounts will be transferred to special bank accounts opened for the beneficiaries, which will be serviced, free of charge.

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Compensation to 3 families of fallen soldier and one soldier with disability

07

Aug.,

2018

Compensation to 3 families of fallen soldier and one soldier with disability

On sixth of August 2018 the ALM committee approved the compensation of the family of 3 fallen soldier and one solders with disability. Today the families of Hovsep Grigoryan, Armen Harutyunyan and Ruslan Manukyan will receive a lump sum payment of AMD 10 million and will be accorded monthly payments of AMD 200 000 throughout 20 years.  The solder Babken Simonyan on his turn will receive a lump sum payment of AMD 5 million and will be accorded monthly payments of AMD 100 000 throughout 20 years. According to an agreement signed between “CONVERSE BANK” CJSC and "ARMBUSINESSBANK" CJSC the amounts will be transferred to special bank accounts opened for the beneficiaries, which will be serviced, free of charge.

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Minister of the defense Davit Tonoyan has been elected as a Chairman of Board of Trustees of "Insurance foundation for servicemen"

23

July,

2018

Minister of the defense Davit Tonoyan has been elected as a Chairman of Board of Trustees of "Insurance foundation for servicemen"

Insurance Foundation for Servicemen is pleased to announce that the Board of Trustees of the Foundation has decided on July 19 of this year to appoint Minister of defense David Tonoyan as Chairman of the Board.

We are confident that under the leadership of Minister Tonoyan, the Foundation’s Board and staff will not only diligently pursue the goals set out by law, but will also make its work more accessible to the Armenian people.

Let us remind that earlier Mr. Tonoyan was appointed as a member of the Board of Trustees by the decision No 691-A of the Government of the Republic of Armenia of June 15, 2018.

 

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Starting from Principle of Accountability

Preservation of social justice, equality in payments, long-term vision, immunity of the amounts and absolute accountability to the society are the fundamental principles of the Insurance Foundation for Servicemen. Only by strictly following these principles can we achieve in preserving the core values of the Foundation. The only stakeholders of the Foundation are the soldiers and their families both equally important for the Foundation.

Towards a noble goal with small steps

The foundation was created for the purpose of insuring and providing compensations to soldiers and families of soldiers who have been injured or deceased when defending the borders of our two motherlands. Each small investment has already given the possibility to realize this aim and we believe that with the help of our unity, mandatory payments and donations the Foundation will continue to guarantee the security of the soldiers serving on the border.

Positive changes

We are inspired by the fact that our activity has formulated a new shared sense of national identity based on the value of motherland and on full perception of the sense of responsibility towards the life of our soldiers. By virtue of the Foundation, the means of supporting the Soldier have changed and now we all have undertaken the mission of defending our motherland.