The State Education Savings System (SESS) in Kazakhstan is a financial product that allows common people to accumulate funds to pay for their children's education. SESS is based on two types of savings - you can save both with the help of a bank and ...
One of the main problems for retirees is the fear that they may outlive their savings. No one wants to end up in old age without enough income. One financial product that can help ease these concerns is annuity. By investing a certain amount, a perso...
When retirement annuities are combined with another key source of income, Social Security, in the US, the product can provide financial security in old age....
Today, September 16, 2024, the Ministry of Labor and Social Protection of Population (MLSP) of Kazakhstan spoke about benefits and conditions of retirement annuity (early retirement), Zakon.kz reports....
As of August 1, 2024, the number of pensioners in Kazakhstan was 2.4 million people. The average total pension is 132,110 tenge, including PAYG pension of 89,479 tenge, and basic pension of 42,631 tenge....
Max Life Insurance has launched a new investment product, ULIP (Unit Linked Insurance Plan), which is focused on a small cap index. This is the first ULIP in the insurance industry that focuses on small caps....
Unit Linked Insurance Plan (ULIP) is a combination product that joins life insurance and investments. Under ULIP, a part of premium is used to cover life insurance, and the rest is invested in various financial instruments such as stocks, bonds, and ...
Head of the Insurance Products Development Center of Rosgosstrakh Life Insurance Company Yelena Dontsova took part in the round table "Get insured against cancer". She talked about options of insurance programs in case of critical illnesses, the insu...
Insurance, and life and health insurance, in particular is a profitable and useful financial instrument. The purpose of concluding a life insurance contract is to help a person avoid unexpected financial expenses in unforeseen situations, and dependi...
The Ministry of Labor and Social Protection of Population of the Republic of Kazakhstan (MLSP) created a commission to conduct a special investigation into a group accident that occurred at a mine in the East Kazakhstan region, which resulted in the ...
UK insurance companies concluded a record number of contracts to cover their pets last year. According to the Association of British Insurers (ABI), the number of insurance agreements amount to 4.4 million, which is 1.7 million more than 10 years ago...
Weekend tours are popular in Almaty. After all, every city dweller needs rest, silence, and unity with nature. In our country, the product "Insurance of tourists traveling abroad" is widespread. Travel insurance in the Republic of Kazakhstan is prote...
Comprehensive plans that combine health and life insurance are becoming a popular choice among U.S. citizens. Such policies offer convenience and savings, but may be less flexible and complex than savings, investment, or health-only policies. The exp...
For seven months of 2024, the net investment return of Kazakhstanis in the UAPF has exceeded 1.38 trillion tenge, which is 619.3 billion tenge or 81.4% more than the same period last year, the Fund's press service reports....
One of benefits of child life insurance is that these policies accumulate cash value, a reserve component. Part of premium goes on accumulating cash value, which grows over time. Often, at age 21, insureds renew the policy, thereby continuing to accu...
In February, Kapital Life launched a voluntary health insurance program that provided professional long-term care at home and in hospital. The “Standard of Care” insurance program is risky; healthy people who do not need care on the insurance con...
Prudential Financial offered the market an insurance product called Prudential Momentum IUL. The policy offers life insurance with indexed returns, which provides clients with financial protection and the possibility of capital growth adapting to cha...
SberStrakhovanie Life has updated the endowment program Formula of Life; now policies can be issued for a year with a one-time contribution of 120 thousand rubles (655.2 thousand tenge)....
AXA Hong Kong and Macau announced the launch of a new qualifying deferred annuity plan IncomeBliss Deferred Annuity Plan. It is aimed at supporting clients in old age....
Life Insurance Company Halyk-Life presented a new insurance product for children Balam. This policy allows parents to compensate for the costs of medical treatment and rehabilitation of children who have received bodily injuries in the amount of up t...
