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Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
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Latest News

Top Iran bank heads roll amid scandal

The head of Iran's biggest bank resigned on Tuesday and chiefs of two privately-owned banks were set to be dismissed, the economy ministry website said, over a multi-billion dollar scam which has shaken the government.

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September 28, 2011 11:08 by



The head of state-owned Bank Melli resigned and the heads of Bank Saderat and Bank Saman would be removed from their posts by the Central Bank of Iran, the website said.

The ministry said the management of the banks had to take responsibility for issuing letters of credit in the scam which the judiciary said amounted to some $2.6 billion — the biggest fraud in the history of the Islamic Republic. (Reporting Hossein Jaseb; Writing by Ramin Mostafavi and Robin Pomeroy)



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