Total funds

000036237988
Stamp duty
000035817500
17053786040 35817500 32045749 2261775337
Donations
000000420488
200207158 420488 376209 26552673

Compensations

000002495336
Compensation to an injured soldier

08

July,

2019

Compensation to an injured soldier

On 1th July 2019, ALM Committee has made a decision to make compensation  to two injured soldiers, 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 Hrant Harutyunyan. According to an agreement signed between "CONVERSBANK" 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 the families of 67 soldiers who were fallen or injured during the years 2008-2014 

04

July,

2019

Compensation to the families of 67 soldiers who were fallen or injured during the years 2008-2014 

On 21.06.2019 and 01.07.2019, the ALM committee approved the compensation of the family of 48 fallen soldiers and 19 solders with disability who were fallen or disabled during the years 2008-2014.

It should be recalled that the Foundation will provide monthly compensation to military families for a period of 20 years, the magnitude of which will be the positive difference between the monthly compensation of the Foundation and the total amount already paid by the State to the military.

According to an agreement signed between “CONVERSE BANK” CJSC and "ARMBUSINESSBANK" CJSC and “ARCAXBANK” CJSC the amounts will be transf4erred to special bank accounts opened for the beneficiaries, which will be serviced, free of charge.

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Compensation to two injured soldiers

19

June,

2019

Compensation to two injured soldiers

On 17th June 2019, ALM Committee has made a decision to make compensation  to two injured soldiers, 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 Argishti Sepghelyan and Aghanik Zoroghlyan. 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

29

May,

2019

Compensation to family of fallen soldier and to soldier with disability

On 28th February and 12th March of 2019 the ALM committee approved the compensation of the family of fallen soldier and one solders with disability. Today the family of Hamlet Avagyan 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 Gevorg Hovhanisyan 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 "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 soldier with disability

22

May,

2019

Compensation to soldier with disability

On 14th March 2019 the ALM committee approved the compensation of the family of fallen soldier.The lump sum by this case will be AMD 10 million and monthly payments of AMD 250 000 throughout 20 years.  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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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.