“Qala Life” Insurance Company OJSC has commenced operation to propose life insurance for Azerbaijan people. The establishment of the company concurred to the eve of signing the Law of Azerbaijan Republic on Compulsory Insurance in case of professional disability as a result of industrial accidents and professional diseases”, which is aimed on social security of Azerbaijan citizen. “Qala Life” Insurance Company OJSC is a life insurance company with AZN 13 041 600 charter capital and according to the assets, its main shareholder is ”AzRe Re-insurance” JSC, the largest insurance agency in the country.