Many people in Uzbekistan still view insurance with skepticism. Let’s debunk some of the most common myths and uncover the truth about insurance.
Myth 1: Insurance is a waste of money
In reality, insurance is a financial safety net and a reliable protection tool. In cases of illness, accidents, or other unexpected events, a policy helps safeguard your finances and speeds up recovery. With over 25 years of experience, EUROASIA Insurance proves its reliability with a high solvency rating of “uzA++” and a “Stable” outlook as of 2023.
Myth 2: Insurance companies never pay out
In many cases, denied claims are due to contract violations or incorrectly submitted documents. Trustworthy companies like EUROASIA Insurance make timely payouts when all policy conditions are met.
Myth 3: Insurance doesn’t work in Uzbekistan
The insurance market in Uzbekistan is rapidly growing. Founded in 1998, EUROASIA Insurance offers 17 classes of insurance and serves over a million clients across the country.
Myth 4: Insurance is only for cars
Modern insurance companies offer a wide range of services — from auto insurance to health, property, and travel coverage. EUROASIA Insurance provides all of these insurance types, ensuring comprehensive protection.
Myth 5: Insurance is too complicated
Getting an insurance policy online has never been easier — just a few clicks. On the EUROASIA Insurance website, you can select a product, fill out a short form, and receive your policy instantly.
Learn more about EUROASIA Insurance products and get your online policy at eai.uz.
In today’s business environment, corporate insurance is becoming an integral part of effective risk management. Every day, companies in Uzbekistan face various threats—from natural disasters to workplace injuries. A properly organized corporate insurance system not only protects a business’s financial interests but also ensures compliance with legal requirements.
Auto loans have become the main way of purchasing vehicles in Uzbekistan. However, the hidden costs of mandatory KASKO insurance can significantly increase the total cost of a loan. More than 15 banks across the country offer car loans with interest rates ranging from 16.99% to 31.5%, often requiring borrowers to purchase expensive KASKO policies from partner insurance companies.
How to Choose an Insurance Company in Uzbekistan: A Confidence Checklist
Purchasing a car in Uzbekistan automatically entails the obligation to obtain compulsory auto insurance. MTPL (Mandatory Third-Party Liability Insurance for Vehicle Owners) is not merely a formality but an essential financial safeguard that can save you hundreds of thousands of soms in the event of a traffic accident. According to the legislation of the Republic of Uzbekistan, every vehicle owner is required to have a valid MTPL policy, and driving without one is subject to significant fines.
