The ideal age to purchase a life insurance policy depends greatly on a person's individual circumstances, goals and financial situation. However, it is generally accepted that the best time to buy insurance coverage is between the ages of 20 and 30....
According to the latest forecasts, more than 90% of insurance companies will implement or consider solutions using artificial intelligence by 2024. These statistics highlight the industry's recognition of the potential of AI technologies, writes onli...
It is known that insurance agents have the best experience in selling classic life insurance policies. Until recently, most sales in life insurance have been made only through financial advisors. According to the TransUnion research report, the new t...
As of March 1, 2024, pension savings in the amount of 18.5 trillion tenge were formed on individual and escrow accounts of depositors of the Unified Accumulative Pension Fund. Since the year beginning, their increase as of March 1, 2024 amounted to o...
Halyk-Life announced the start of an annual competition among journalists for the best material on life insurance in the Republic of Kazakhstan, the press service of the insurer reported....
The study conducted by the specialists of LIC Freedom Life has found in which countries the average age of the population does not reach adulthood and people do not live to see retirement, and where the standard of living is so high that the differen...
The Chairman of the Board of Joint Stock Company Life Insurance Company State Annuity Company (SAC) Aida Kurmangaliyeva, during a briefing for journalists of national media, spoke about the results of the organization’s activities for 2023. Accordi...
In 2023, there was a sharp increase in demand for retirement annuities, life and accident insurance, reports the analytical center of Financial Institutions’ Association of Kazakhstan (FIAK)....
In Western countries, more and more patients with stomach and intestinal cancer are under 50 years of age. This serious disease is most often detected in late stages. Scientists blame bad habits, fast food, and the environment. The RIA Novosti materi...
According to the S&P Global Ratings' report “Southeast Asia Insurance Sector Trends - Return to Fundamentals”, the demand in the region for insurers' savings and investment products is growing....
The Minister of Labor and Social Protection of Population of the Republic of Kazakhstan Svetlana Zhakupova, during a working trip to the West Kazakhstan region, spoke about the conditions for assigning a special social benefit (SSB), the office’s p...
Life insurance is gaining popularity. Endowment and investment types of insurance are especially in demand in Kazakhstan. Many have the use of this offer but not everyone knows that the law provides for a tax deduction on a life insurance contract. L...
A special social payment for workers employed in hazardous working conditions has been introduced since January 1 in Kazakhstan. The UAPF press service explains what it consists of below....
The total gross premiums of LICs in annual terms in January 2024 increased by 158.4%, including unit-linked sales, covering the growth of 149.4% in January 2023. The fees amounted to 52.3 billion tenge in absolute terms....
According to statistics as of 2022, the life of men in the Republic of Kazakhstan is 8.1 years shorter than that of women. Kazakhstani men live to 70.3 years, Kazakhstani women live to 78.4 years. Data as of 2023 is currently only available for total...
The volume of insurance premiums for voluntary personal life insurance reached 225 billion tenge for January–December 2023, 19.8% more than for the same period in 2022, reports Finprom.kz....
When we are young, we rarely think about unforeseen situations. Life insurance will help protect a person and their loved ones from such circumstances....
According to Uttar Pradesh Police department, a man who had allegedly killed his mother was arrested. The man suffers from ludomania, and he has been declared bankrupt a few years ago, the Hindustan Times newspaper writes....
The Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) Madina Abylkassymova held a meeting with insurance market participants to discuss the priorities of supervisory policy in the insu...
