The company has developed a “Voluntary immediate annuity insurance” product (“Freedom Support” program). According to the product’s terms, the company will monthly pay 200,000 tenge in favor of the children of 19 dead security officials until their children reach the age of 18.
The amount of all payments will approximately be over 200 million tenge.
Among those to whom the company will make payments are newborns. the youngest child is 3 months old. Upon reaching the age of 18, the amount that ffin.life will pay for the entire period of the contract will be 42,600,000 tenge.
“This was an irreparable loss for those who lost their loved ones, who at the expense of their lives protected civilians from marauders and terrorists. Now, more than ever, they need our support to live on and be confident in the future. Under the Freedom Support program, we will make monthly annuity payments to the children of the deceased law enforcement officers,” said Azamat Yerdessov, Chairman of the Board of LIC Freedom Finance Life.
The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) supports the LIC’s initiative in providing assistance to the families of the deceased law enforcement officers.
“Over recent days, an increasing number of insurance companies have announced their intention to provide financial support to citizens and their families affected by recent events, and offer socially oriented products to the population. Life insurance is a high-quality institution of social protection of the population. It allows receive compensation in case of damage incurred as a result of an accident or unforeseen incidents. Life insurance products are an affordable and reliable tool that protect your own or family budget from undesirable consequences,” said Mariya Khadzhiyeva, Deputy Chairman of the ARDFM.
Photos are from open sources.
