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....
Insurance will not protect against accidents, natural disasters, bankruptcy, illness and other unpleasant things but it will help cover losses, writes InsuranceNewsNet....
Retirement annuity can provide the insured with the fixed income in the future and therefore, maintain the usual living standards in addition to, for example, pension or base pay, writes Business News in Hindi....
Voluntary health insurance (VHI) not only allows get timely qualified medical care but also get reimbursement for costs of treatment and medicines. Client’s health problems will be resolved any time, regardless of his current financial situation....
Collective life insurance is offered by employer or other large organization such as association or trade union to its employees or members. It is rather inexpensive or even free, and common across the country. It has a relatively low amount of cover...
Rosgosstrakh Life and Rosgosstrakh updated the terms of the Restore Health program. An updated insurance policy against the unwanted consequences of COVID-19, head injury or stroke can now be purchased by those who have already had coronavirus and th...
In term insurance, money is paid only if a person is injured or passes away during the insurance contract, writes Business News Today....
Buying property with a mortgage is a crucial decision that should be made carefully. A mortgage loan is long term. Therefore, it is important to have a clear idea of the amount to be monthly paid over the years....
