As of January 2021, the pension provision amendments will allow Kazakhstanis to retire earlier than the time limit set by the state. People can purchase a deferred retirement annuity with deferred payments at the age of 45. The amount of pension savi...
According to the National Bank of the Republic of Kazakhstan, the number of concluded retirement annuity agreements has increased by 9% over the year. The amount of premiums attracted by the insurers under such contracts in 2019 was 65.3 billion teng...
Halyk-Life, a subsidiary of Halyk Bank of Kazakhstan, was the first in the market to launch a mobile application in AppStore and PlayMarket, the press service of the life insurance company reports....
India's Insurance Regulatory Authority (Irdai) has developed the retirement annuity standards, writes Mint....
The amendments to the Tax Code came into force this year, making universal life insurance even more attractive....
The Kazakhstani pension system is over 20 years old. A pool of UAPF depositors has appeared in our country during this period, they can afford a well-earned rest at the age of 55....
The residents' deposits in depository institutions as of end of December 2020 form KZT 22,089.7 billion, having increased by 0.7% over the month. The legal entities’ deposits have decreased by 2%over the month, retail deposits by 3.6% to KZT 10,792...
As of January 1, 2021, the UAPF pension assets were about 12.9 trillion tenge, the press service of the organization reports. The return on the assets as of early 2020 amounted to 10.92%, with inflation of 7.5%....
Insurance companies offer voluntary life insurance services at every turn. In this case, the insurance product is an investment or savings tool for the client, writes The Financial Express....
The Vitae biometric risk calculator is another digital innovation by the French reinsurer SCOR in the life insurance sector, according to the Internet resource UkrStrakhovanie....
The reform on the use of pension savings in 2021 may affect more than 1 million people in Kazakhstan, and the amount that exceeds the threshold of sufficiency may exceed 2 trillion tenge, CentralAsiaCronos reports....
Young people study, work, get married, acquire real estate property, have children, and only then realize that they need security. The best security is provided by life insurance companies....
There are two types of life insurance. Endowment allows not only receive the insurance coverage in case of an accident but also save money by a certain date. Upon the contract expiration, the accumulated amount with interest is paid, writes Moneycont...
More than half of Kazakhstanis under 35 will be left without means of existence if they lose their earnings. These figures are cited in the study by the IDF Eurasia group in Kazakhstan (brands MFO Solva and Moneyman), LS reports....
The threshold of sufficiency for early withdrawal of pension money has been changed in Kazakhstan, LS reports....
The most important challenge people have faced this year is changes in pension plans. Falling markets and low interest rates are forcing people to change pension policies, writes MarketWatch....
Few criticize the hard restrictive regime for people over 65 during the pandemic. It is clear that such a vulnerable population group needs to be protected from the terrible virus, writes BusinessTech. What other concerns do future retirees have?...
The Unified Accumulative Pension Fund has provided over 17.4 million services to its depositors in just 11 months of 2020. Despite the current epidemiological situation and coronavirus infection (COVID-19) pandemic due to which a number of restrictiv...
When looking for information about long-term investing or life insurance people often come across the phrase "universal life insurance" (ULI) and "investment life insurance" (ILI). Kazakhstanis have the opportunity to invest in unit-linked or investm...
According to the National Bank report, following the results of ten months of this year, the portfolio of retirement annuities in contracts of life insurance companies increased by 7.6%. The total portfolio of LICs in this market segment amounted to ...
