The number of people who know exactly what they want to get tomorrow is growing every year in our country. They set goals and calculate how much money and time it will take. Given the volatility of the tenge exchange rate, some Kazakhstanis prefer to...
The UAPF accrued the first purpose requirements (for children under the age of 18) and the first target savings have been transferred to target savings accounts (for children who will turn 18 in 2024) under the “National Foundation for Children” ...
To help depositors, the UAPF is launching a new tool for future pension planning, a personal pension savings plan....
During the study, the officers of LIC Freedom Life identified the most common insurance cases among tourists traveling abroad, and how much medical treatment cost without travel insurance....
The number of issued term insurance policies to self-employed Indians has increased by 25% between July 2021 and September 2023, this is stated in the regulator's report....
Endowment insurance is an insurance product that allows you to simultaneously insure life and health and form savings, while ensuring the security of invested funds. In this regard, such programs can also be considered as diversification of your inve...
Starting from January 1, 2024, a phase-in of compulsory pension contributions of employers (CPCE) from their own funds in favor of their employees from 1.5% this year to 5% by 2028 has begun. In old age, these employees will be provided with an addit...
Prices for drugs and medical services are rising, while rate of cancer and cardiovascular diseases remains high. How can you be sure that a quality medical care for you and your relatives will be affordable if you need it? Critical illness insurance ...
Conventional insurance looks like this: you purchase a policy with compensation of possible consequences of some unpleasant situation, such as fire, death, loss of job, and so on. For this, you pay a small amount to the insurance company every month....
The State Educational Savings System (SES) is a special government support program aimed at creating a saving educational capital for children. The state provides parents or legal representatives of children with the opportunity to organize savings a...
A new instrument for long-term investment, unit-linked (UL) insurance, will appear on the Russian market. One contract will combine classic life insurance for the client and management of their investments in mutual funds, ASN reports....
A few weeks ago, the head of state signed a law on the transfer of funds to children from the National Foundation of the Republic of Kazakhstan. The document identifies the UAPF as an operator of allocated savings accounts. Life insurance companies c...
Endowment life insurance (ULI) programs are considered a more reliable way of investing than playing on stock exchange or investing in mutual funds. The only difference between endowment and ordinary non-life insurance is that it is possible to retur...
The choice between investing in UL policies and mutual funds (MFs) depends on your financial goals, the level of risk you are willing to accept, and your financial situation....
Retirement planning is a critical aspect of a person's financial journey, and choosing the right tools to build a solid retirement portfolio is no easy task. Among available options, investment insurance (UL) plans have gained significant popularity ...
At the Central Communications Service briefing, Aida Balayeva, the Minister of Culture and Information of the Republic of Kazakhstan, commented on the offer by deputy Sergei Ponomarev to include a provision on insurance of media professionals in the ...
The State Educational Savings System (SESS) allows any Kazakhstani to open an educational savings deposit in their name or in the name of their child, which can be used to pay for vocational and higher education in Kazakhstan and abroad in the future...
The Ministry of Labor and Social Protection of Population of the Republic of Kazakhstan developed a package of amendments to legislation that would provide for the improvement of compulsory insurance system of employees against accidents during the p...
The term “collective life insurance” refers to a type of insurance that is provided by a company or organization to its employees or members of a specific group. This is a type of life insurance where the insurance company contracts with a group ...
Primary beneficiary is a person or organization that will receive payment from an insurance claim, regardless of any conditions. Contingent beneficiary is a person or organization that will receive the payment only if certain conditions are met. Thus...
