bs-preloader__icon
ru kz en

The level of sufficiency amount of pension savings to conclude a retirement annuity contract has been increased

LIC State Annuity Company reports that. The older the person, the lower the amount of sufficiency will be.
The level of sufficiency amount of pension savings to conclude a retirement annuity contract has been increased

In accordance with the law, the size of minimum payment from a life insurance company cannot be lower than the size of minimum pension, which as of January 1, 2019 amounted to 36,108 tenge.

In this regard, the amount of sufficiency on retirement annuity will be:

- 10 102 585 tenge for men at the age of 55,

- 13 833 372 tenge for women at the age of 51.

The level of sufficiency of pension savings is growing due to increase in the amount of minimum pension and the retirement age for women.

The high cost is explained by the fact that a life insurance company provides a person with life benefits, regardless of whether his pension savings have ended or not. Thus, this person, by actually buying a retirement annuity provides himself with a lifetime pension.

Source: http://www.gak.kz/news_gak?id=209

Photos from open internet sources

 

Share
read also
U.S. life insurance companies paid out a record $100 billion to customers last year
U.S. life insurance companies paid out a record $100 billion to customers last year

American life insurers paid out a record $100 billion to their customers last year, a...

What vegetables should definitely be included in the autumn diet
What vegetables should definitely be included in the autumn diet

Nutritionist Tatyana Meshcheryakova named the top 5 seasonal vegetables that are nece...

What is a standard term life insurance policy?
What is a standard term life insurance policy?

Young people rarely think about life insurance, however, it helps save money for vari...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application