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A new insurance product is becoming popular in Kazakhstan

This is a universal life insurance product indexed by the US dollar exchange rate. As of June 1, the rate has been increased to 3.41% a year in foreign currency, and for those who count on long-term savings, the term has been increased to 15 years. Thus, Nomad Gold can be definitely considered as an alternative to a bank deposit, and it has a lot of advantages, notes Madi Shalgimbayev, the Board Deputy Chairman of Life Insurance Company Nomad Life.
A new insurance product is becoming popular in Kazakhstan

He specifies the main advantages of Nomad Gold as follows: first, the interest rates are higher than on bank deposits in USD. No financial market changes will affect the profitability guaranteed by the insurance policy. Savings are not taxable. Second, the funds are protected from confiscation, claims by third parties in a property dispute, not subject to arrest, divorce settlement, not subject to declaration. Also, information about the funds invested by the client and other contract terms are confidential. Third, if necessary, the client can terminate the contract and receive savings. Fourth, the policy also provides for 24/7 worldwide life insurance coverage. The heirs will receive the invested money and interest for the entire period in case of client’s decease. And, fifth, a client secured by a policy can receive a loan in tenge at a low rate - up to 80% of the redemption amount.

In order to purchase the policy the customers can apply to branches of both Nomad Life and its partners: Sberbank, VTB Bank, Alfa Bank, Nurbank, in all regions of Kazakhstan.

Let us note that Nomad-Life is one of the largest insurance companies in the market. It’s long-term credit issuer rating at the level of “bb-” according to the scale of the international rating agency A.M. Best.

More details are available on telephone 3260 or www.zolotonomadov.kz website

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