YEREVAN, MAY 24, NOYAN TAPAN. The Grand insurance company is undertaking the measures necessary for making payments to the families of the victims of the May 3 plane accident as quickly as possible. This was mentioned in the statement spread by the company on May 23. In the statement the company proposes that on working days the relatives of the victims visit the Yerevan office of Grand in Tumanian 38 (telephone number +374 10 512824 or +374 93 400914). On May 5, Grand had declared that the causes of the accident of A-320 plane of Armavia airline are investigated by the Airclaims expert organization and Beaumont&Son juridical-expert organization. They had also informed from the Grand insurance company that the above-mentioned plane, the latter's crew and passengers had insured themselves by the Grand insurance company, which in its turn transferred the risks assumed by it to 14 large reinsuring companies working on London insurance market. The amount of compensation to be given to the relatives of the accident victims will be determined on the basis of Airclaims and Beaumont&Son. Grand had explained that according to Warsaw Convention of 1929, in the circumstance of international air transportations the amount of life insurance cases is limited to 20 thousand USD.

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