The development of the life insurance market was discussed at the forum, which was dedicated to the 20th anniversary of the Insurance Payments Guarantee Fund. The event was opened by Madina Abylkasymova, Chairman of the Agency for Regulation and Deve...
UL (Unit Linked) is a financial product that represents a combination of insurance coverage and investment opportunities. This type of policy is available in many countries, including Kazakhstan. This product allows the insured to invest in various f...
Like any other policyholder, people from the LGBTQ community can choose the policy that best suits their needs and budget, says Mukund Kulkarni, Head of Underwriting, Aegon Life Insurance....
The average monthly salary in Kazakhstan in 2022 was 309.9 thousand tenge. In terms of gender, men received an average of 355.3 thousand tenge, plus 26.3% per year, women - 265.8 thousand tenge, writes Finprom.kz....
At first glance, getting a life insurance policy for a newborn may seem pointless. Some families buy such insurance to save for college or university, writes Investopedia....
Life Insurance Company Freedom Life has conducted a study and found out where the majority of millionaires live, how much their number will increase by 2026, and also talked about financial instruments for capital accumulation in Kazakhstan....
Financial immunity is an ability to effectively manage finances and ensure financial stability at different periods of life. This immunity can be built at every stage of life, considering specific financial goals and circumstances, writes the online ...
In July 2023, the Agency for Regulation and Development of the Financial Market (ARDFM) reviewed 4,193 applications from individuals and legal entities related to the activities of banks, microfinance organizations, debt collection agencies and insur...
If we consider the general statistics of occupational injuries in Kazakhstan, judging by the figures for the period since 2018, the number of victims in the Republic of Kazakhstan has decreased, albeit slightly: from 1.57 thousand to 1.46 thousand pe...
S&P Global Ratings has affirmed the long-term issuer credit rating and financial strength rating of Freedom Finance Life (FFL) on the international scale at 'BB-' and on the national scale at 'kzA-'. The forecast is stable, according to the press ser...
According to the World Bank, public spending on education worldwide amounted to 12.6% of all public spending in 2020, compared to 13.5% in 2015 and 14.3% in 2010. The share of public spending on education in GDP also dropped: in 2015, the figure was ...
As of July 1, 2023, individual deposits in foreign currency have reached the equivalent of 5.5 trillion tenge, which is 14% more than a year earlier. Their share in the total volume of individual deposits amounted to more than 30%, according to Ranki...
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan (ARDFM) has become the 83rd member of the Multilateral Memorandum of Understanding on Cooperation and Exchange of Information (MMoU) of the International ...
Forbes Kazakhstan with the assistance of KPMG Caucasus and Central Asia for the eighth time brings to the attention of readers the rating of insurance companies ranking them according to nine indicators. Here we will only talk about life insurance co...
As of August 1 this year, more than 3.2 million employees in Kazakhstan are insured against industrial accidents. 53.1% of enterprises have relevant agreements that ensure the implementation of the rights of citizens to social protection in case of a...
Since the year beginning, Kazakhstanis have withdrawn more than 22 billion tenge of pension savings, LS reports....
Insured event is an event, the occurrence of which entails the emergence of an insurance obligation on the part of the insurance company. This may be event, in which the insurance policy is activated and the insurer pays compensation or indemnifies f...
The volume of benefit payments on voluntary private life insurance in January-May 2023 has reached 7.2 billion tenge, which is 1.5 times more than in January-May 2022. It should be noted that the volume of payments in this segment a year earlier show...
