A new insurance product "CASCO Extra" launched in Kyrgyzstan - GSO

Владислав Вислоцкий Exclusive
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OJSC "State Insurance Organization" has announced the launch of a new voluntary insurance product called "CASCO Extra." This product provides protection for vehicles in the event of road traffic accidents (RTA) and is only valid if there is an active OSAGO policy. This was reported by Aktan Turumbekov, the director of the insurance and reinsurance department of the company, in an interview on the radio.

According to Turumbekov, "CASCO Extra" is an affordable alternative to traditional CASCO and is priced comparably to OSAGO.

"The minimum cost of an OSAGO policy starts from 1,600 soms per year, and for a similar amount, car owners can additionally protect their vehicle with the new product 'CASCO Extra,'" he noted.

The insurance coverage for the new product is up to 450,000 soms per year, with a limit of 150,000 soms per insurance case.

One of the advantages of "CASCO Extra" is the absence of the need for a mandatory vehicle inspection when applying, which significantly simplifies the process.

"We aimed to develop a product that can be easily automated. After completing testing and verifying all processes, we plan to transition to a digital format for applications," Turumbekov added.

At the moment, the "CASCO Extra" policy can only be obtained at the offices of the insurance company, but in the future, remote purchasing is anticipated.
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