In order to ensure sustainable development of the Kazakhstani economy, a law on the economic adjustment was adopted in early 2021. Significant changes have been made in pension provision, in particular, regarding the conclusion of retirement annuity ...
The Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market (ARDFM) intends to support life insurance companies (LICs). Madina Abylkassymova, the Board Chairman of the ARDFM, announced this at a government meet...
Many people aged 40-50 have to take care not only of children but also of their elderly parents. Life insurance allows effectively solve financial issues and select a program for each family member depending on his needs, writes Business Standard....
Life insurance annuity is a saving tool that gives its owner a guaranteed income at the advanced age. Below we share to whom this product will do....
The share of Russians with savings has grown over the year, according to a survey conducted by Rosgosstrakh Zhizn and Otkritie Bank. Men save money more often than women. Zoomers and retirees save up more often than representatives of other generatio...
Deputy Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) Maria Khadzhiyeva spoke about the requirements for management companies, under control of which part of the pension savings of ...
There are several ways to use part of pension savings ahead of schedule in Kazakhstan. LS prepared an overview of each of them....
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...
