Servicemen’s Insurance Fund transfers amount to another family of wounded serviceman

On January 24, the Servicemen’s Insurance Fund transferred a lump-sum of AMD 10 million to a 1st group disabled soldier, Private Arsen Hovakimyan, reported the Fund’s website.

The serviceman will be granted AMD 200,000 in the course of the next 20 years.

The press release states the following: “In accordance with the contract signed with ArmBusinessBank CJSC, the amount will be transferred to the special bank account that has been opened for the beneficiary without any service charge.”

As of 24 January 2018, the Fund has transferred the funds to the families of 23 deceased servicemen and 11 wounded (disabled) servicemen.

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