The S&P Global Ratings report “Assessment of Industry and Country Risks of the Life Insurance Sector: Republic of Kazakhstan” notes that the growth of insurance premiums in the industry amounted to 1.1 times over four months of 2021. The represen...
Unit-linked is the name of life insurance investment programs popular overseas. LIC Nomad Life refutes the misconceptions about investment life insurance on the example of its own product ZOLOTO NOMADOV Invest....
The coronavirus pandemic affected the entire financial market, and insurance could not stand aside, even policyholders’ behavior changed. Nevertheless, all insurance companies got through this difficult period with dignity....
The total amount of pension assets as of May 1, 2021 amounted to 12.6 trillion tenge. The pension assets of the UAPF being in the trust management by the National Bank, are 12,593.67 billion tenge. The pension assets of the UAPF, transferred by inves...
According to the WHO and Ministry of Health of the Republic of Kazakhstan, the specialists of life insurance company Freedom Finance Life have compiled a rating of diseases from which people die most often worldwide. The insurers have also found out ...
The number of clients of the IC Rosgosstrakh Life who signed endowment life insurance contracts for their children increased by almost 31.8% in 2020, according to the company's press service....
The life insurance company Nomad Life announced the launch of another campaign among the ZOLOTO NOMADOV and ZOLOTO NOMADOV Invest policy owners. This time the insurance company’s clients will be able to win the Toyota Camry 75. Following the previo...
Insurance is usually a voluntary service, that is, a person, as a potential policyholder, decides on whether to conclude or not to conclude an insurance agreement, and also coordinates its terms with the insurance company. NDTV.com numbers the reason...
Voluntary Pension Contribution (VPC) is money contributed to the UAPF by depositors on their own initiative. The contributions can be made by both individuals in their favor, and individuals and legal entities in favor of a third party. The amount an...
As of May 1 the average pension in Kazakhstan is 100 thousand tenge, LS informs. According to the Ministry of Labor and Social Protection of the Population, this figure also includes the basic pension payment....
In order to calculate the insurance premium, the insurer needs to assess the level of risk as accurately as possible, i.e. the probability of event insured. Based on the analysis results, an underwriting guide is made, with reference to which potenti...
Investment life insurance or unit linked, is a hybrid of insurance and banking product that makes it possible to generate potentially high returns with guaranteed protection against unforeseen circumstances. Let’s find out what investment life insu...
Endowment life insurance is gaining popularity in the insurance market. Kazakhstani people will be able to not only insure their lives but also earn with its help....
Life insurance companies will have a new financial instrument. The Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market informed about the participation of life insurance companies in the state educational a...
The amendments to the Concept for further modernization of the pension system by 2030 were developed in Kazakhstan, LS reports....
Each depositor of the Unified Accumulative Pension Fund can independently calculate their future pension payments using the Forecast Pension Calculator on the website enpf.kz. It covers all pension components within the multi-tier pension system of K...
Woman’s role in modern society is no longer limited to fulfilling household duties, caring for children, and raising them. More and more women become top managers and earn more money than theirs spouses. Since the position of women in modern societ...
The provisions of the Law of the Republic of Kazakhstan regulating the procedure for the transfer by the Kazakhstan Deposit Guarantee Fund (KDIF) of the unclaimed amounts of guarantee compensation to the UAPF during the year to be credited to individ...
The Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market made amendments to the normative legal acts on regulation of the financial market on February 15, the UAPF press service reported....
The insurance payout amount depends on size of a policy, set by the client, writes the Daily Journal....
