The role of life insurance in Azerbaijan pension guarantee system Abstract Relevance of research: At present the intensively changing demand of life insurance in management of budget of insurance increases the role of life insurance , nowadays the situmilation of life insurance bases on ecenomic development of ecenomy . Very serious work has been done in the Republic of Azerbaijan in recent years to create unbeliveable idea for insurance and explain different approaches to different spheres of insurance.
Purpose and Objectives of the Research: The purpose of the research is to determine the direction of improving life insurance in Azerbaijan, improving its competitiveness, improving the management of life insurance. Used researches: Analysis, synthesis, summarization and integration of global insurance models, understanding importance of lifeinsurance
Research Information: As a source of actual and quantitative information on studying, research, analysis and overall development of the problem on the topic, other relevant state organizations and international organizations, global insurance materials have been widely mentioned in the database.
Research restrictions: Requires broader practical information.
Result of research: Recovering a new method that ensure development in insurance sector and integration of new models have given great impetus to the social and economic development of the AR. This process, along with the development of the national pension and life insurance system, has created the necessary legal and administrative framework for itsoperation.
Scientific-practical significance of research: The main provisions and recommendations of the dissertation work are of interest to professionals in the life insurancesector.