The endowment life insurance program Halyk-Kazyna is the best alternative to foreign currency deposits. The program guarantees an investment return of up to 3.52% per annum in foreign currency, which is paid at the end of the insurance period or in the form of compensation upon the occurrence of an insured event. Let us note that the minimum insurance premium is 1,000 US dollars equivalent in tenge.
A life insurance policy under the Halyk-Kazyna program can be issued in just 5 minutes through the Halyk Homebank application. For this you need to enter the “Insurance” section in the banking application, select the program “Endowment insurance Halyk-Kazyna”.
It is possible to learn the insurance terms, set insurance parameters, pay insurance premium and issue a Halyk-Kazyna life insurance policy in the section. Once the policy is issued, the insurance contract will be reflected in the “Contracts” tab during the entire term of the contract in 24/7 mode.
“If earlier a client had to call the contact center or refer the Company's manager, today anyone can quickly and easily apply for an endowment life insurance policy in foreign currency through the Halyk Homebank application. This service was implemented as part of activities to create simple, useful and beneficial services for our customers,” said Zhanar Zhubaniyazova, the Board Chairman of LIC Halyk-Life.
An important feature of the life insurance program is that if during the insurance period the insured client passes for any reason, be it an accident or illness, people indicated by him as insurance payees will immediately receive the full amount stipulated in the agreement, including the amount of guaranteed investment return. The payout will be made in tenge in accordance with the USD/KZT TOD exchange rate set by the National Bank on the expiration date of the insurance period or the insurance event occurrence.
The agreement can be concluded for a period of 2 to 15 years. The funds invested in an insurance company under endowment life insurance contract are not subject to collection by tax authorities, for example, in litigation with partners or divorces.
