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JSC Halyk-Life distributes 274.7 million tenge of insurance dividends according to the results of 2018

Based on the results of successful investment activities of JSC Halyk-Life in 2018, the Board of Directors of the company decided to distribute profits from investment activities between policyholders under endowment contracts with participation in profits and approved the dividend rate of 5.75% this August, its press service informs.
JSC Halyk-Life distributes 274.7 million tenge of insurance dividends according to the results of 2018

The policyholders with universal life insurance contracts that stipulate the term for participation in profit from investment activities, in accordance with the insurance terms, receive additional profitability generated by the participation of the insurance policy in the investment activities of JSC Halyk-Life.

“As a result of the fact that by the end of 2018, our company has successfully completed the year with net profit, we plan to distribute to our customers about 274.7 million tenge of dividends for the acquisition of additional insurance coverage for the bonus insurance amount,” comments the Board Chairman of JSC Halyk- Life Oksana Radchenko. - This means that about 19,500 owners of existing endowment contracts with participation in profit from investment activities according to the results of 2018 will receive up to 9.75% yield, including a guaranteed rate of return on their insurance contracts. It is the first distribution of this scale for JSC Halyk-Life since a successful merge with JSC Kazkommerts-Life. Taking into account a high liability level for the fulfillment of obligations to each client, the company will send notifications to its policyholders in the near future, as it realizes that an honest and fast fulfillment of obligations is a key factor in building long-term relationships with customers.”

Thus, as a result of distribution of 274.7 million tenge of profit in the form of insurance dividends, the total insurance amount under universal life insurance contracts with participation in profit from investment activities will increase by 357.2 million tenge, the press service of the company informs.

Photos: Kapital.kz, as well as from open sources.

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