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 ...
About 20.5 thousand Russians bought insurance in case they need rehabilitation after suffering COVID-19 in the past two months, told RIA Novosti in Rosgosstrakh Life Company, which was the first to launch such a program....
The head of the Bank of Russia Elvira Nabiullina informs that the regulator wants to impose restrictions on sales of compound financial products to unqualified investors, Gazeta.Ru reports....
AsiaCredit has not complied with prudential regulations since late 2019. LS learned from the Agency for Regulation and Development of Financial Market (ARDFM) about how the problems in the bank would be solved....
The hard “coronacrisis” year of 2020 became a real challenge for the country's economy in general and banking sector in particular, Ranking.kz writes....
Almost three quarters of Russians (73%) thought about the need to make savings during the coronavirus pandemic, and 38% already started saving small amounts, RBC reported citing a study by the Rambler portal....
According to the monthly report by the National Bank the residents’ deposits in institutions amounted to 21.9 trillion tenge as of end of October 2020....
Providing the child is perhaps the highest priority in life for every parent. In order to achieve this goal, a solid financial plan is required, writes Financial Express ePaper....
Following the results of two rounds of the promotion among the ZOLOTO NOMADOV and ZOLOTO NOMADOV Invest depositors, the life insurance company Nomad Life determined the winner. A Taldykorgan resident Lyudmila Shatskaya became the owner of the new Toy...
The insured who buys such a policy is entitled to a one-time payment for the diagnosis of any of 36 critical diseases, writes Financial Express....
In response to the official inquiry by LS, the pension fund representatives report that as of October 20, 2020 the work on debt repayment towards 19 defaulted issuers, whose financial instruments have been part of pension assets, is underway....
