Many people had a chance to appreciate the products of life insurance companies during the pandemic. And now more and more Americans are abandoning investments in the stock market by withdrawing money from mutual funds and transferring funds to insur...
Investment life insurance or UL (Unit Linked) is a safe investment. The product is suitable for those who want to try investing but are afraid of losing money. UL gives the opportunity to try your hand at investing in order to receive additional inco...
The specialists of LIC Freedom Life conducted a study and defined the countries with the largest number of people aged 65 years and older. According to the Kazakhstani Bureau of National Statistics, over 19.8 million people live in Kazakhstan today; ...
Life insurance can provide you and your loved ones with financial security and confidence in the future. However, life insurance policies are not universal. You may find yourself in a situation where you need to adjust your policy options or select a...
The Ministry of Labor is considering the possibility of revising tariffs for the sale of insurance policies for employees against accidents during the performance of their labor duties (CAI). This was stated by the Vice Minister of Labor and Social P...
The UAPF published the “Annual Actuarial Report as of 2022”. The pension system’s success or efficiency can be assessed by two generally accepted indicators. The first indicator is the coefficient of replacement of labor income with pension pay...
Over the past five years the demand for life insurance programs has increased in Kazakhstan. According to the National Bank, the growth rate of life insurance premiums exceeds the growth rate of deposits. If, over the past five years, bank deposits i...
The choice between life insurance and retirement annuity depends on your financial goals, risk tolerance and the period for which you plan to insure yourself or receive pension payments, writes the online publication Money....
The first insurance forum was held in Almaty, where the development of the Kazakhstani insurance market was discussed. Foreign participants, regulator representatives and experts came to the conclusion that the main driver of sector growth was volunt...
In the first half of 2023, key indicators of the life insurance market showed growth against the backdrop of continued interest in LIC products. This is stated in the report of the Analytical Center of the Financial Institutions’ Association of Kaz...
Annuity plan ensures a regular income when planning retirement. Individuals should keep their eye out for coverage, safety and liquidity before purchasing an annuity plan. The payments in deferred annuity plan are usually deferred for 5-15 years afte...
Young people feel confident about the future, believe that everything will be fine and usually do not think about unforeseen circumstances. However, no one is immune from unexpected events. Life insurance can come to the rescue in such cases....
The experts of LIC Freedom Life study how much the average salary has changed during inflation, and how to save up for large purchases without affecting the personal budget....
Mortgage insurance is an important point when obtaining a loan to buy a home, as well as throughout the entire period of its payment. Creditor banks oblige the borrower to insure a whole package of risks, since anything can happen to bank clients and...
The families of those who died while extinguishing a fire in the Abay region will be each paid seven million from the Kazakhstan Khalkyna fund. Another two million will be allocated for each minor child. It seems that the sums are not bad, but they w...
Consumer loan is one of the most popular banking products. You can get such a loan in a few clicks in most banking applications today. However, when applying for a loan, many clients do not pay due attention to insurance, which can lead to negative c...
Rosgosstrakh Life offers the clients of Otkritie Bank to issue new full packaged products PRO HLS (Healthy Lifestyle), PRO Health and PRO Genetics, which allow them to take care of their health and health of their family members, and significantly im...
Wholesale insurance works as follows: an organization, initiator of a collective insurance agreement, purchases an insurance policy. People who wish to join this insurance contract receive a certificate confirming their participation in the insurance...
The Agency of the Republic of Kazakhstan for regulation and development of the financial market (ARDFM) has made a decision aimed at increasing the benefits of retirement annuity. In accordance with this decision, the minimum rate of indexation of in...
The National Bank analyzed the nominal yield for 2022 of the most popular financial instruments for investment in Kazakhstan. Bank deposits of different currencies (KZT, USD, EUR, RR), gold, cash (USD, EUR, RR and KZT) were compared. The stock market...
