IIC Cover for Olympians
Economy, Business And Markets

IIC Cover for Olympians

Iran Insurance Company Saturday signed a contract with the National Olympic Committee of Iran to provide coverage for 181 Iranian athletes participating in 2016 Summer Olympics in Rio. According to NOCI website, IIC will provide national teams with health, life and liability policies for a three-month period. Abbas Husseini, IIC head said that health policies will cover all the costs, whereas life and liability policies would indemnify up to 2 billion rials ($57,000) of the expenses. IIC will also grant medal winners with life-time monthly payments for the rest of their lives, though the amount is not finalized yet. The state-owned insurance giant said it is relying on donations from its employees and the public to provide funding for the pension plan for the athletes.


Short URL : http://goo.gl/DIoGvq
  1. http://goo.gl/82cM9M
  • http://goo.gl/SxXW5M
  • http://goo.gl/q8L0xw
  • http://goo.gl/OHylMG
  • http://goo.gl/Udnyti

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...