LIFE insurance companies from Cyprus will be paying around Â£4 million for all the relatives of the victims of Helios Airways flight ZU522, which crashed in Greece on August 14, killing all 121 passengers and crew members on board.
The Life Insurance Company Union in Cyprus has already reported 92 cases where victims were covered for life insurance. Various insurances will pay out a total of around Â£3,417,000, a figure which remains provisional. Out of the 92 cases, 34 are people that took out family life insurances amounting to a total of Â£1,085,000, while the other 58 took out individual life insurances on themselves amounting to a total of Â£2,332,000.
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