bs-preloader__icon
ru kz en

A quarter of all payments on voluntary private insurance fell on life insurance

The volume of benefit payments on voluntary private life insurance in January-May 2023 has reached 7.2 billion tenge, which is 1.5 times more than in January-May 2022. It should be noted that the volume of payments in this segment a year earlier shows an increase of almost three times, according to Ranking.kz.
A quarter of all payments on voluntary private insurance fell on life insurance

The share of life insurance payments in the volume of voluntary private insurance payments has increased from 19.1% to 25.2% over the year, and in the total volume of all insurance payments - from 6.9% to 7.1%.

The ratio of insurance payments to premiums on voluntary private insurance has grown from 6.8% to 9.6% over the year. In January-May 2021, it was only 2.6%.

As of June 1, 2023, there were 10 life insurance companies operating in the Republic of Kazakhstan, of which seven LICs made payments on voluntary private insurance for January-May 2023.

Almost half of all payments on voluntary private life insurance in January-May of this year fell only on LIC Halyk-Life: 3.6 billion tenge. Then come LIC Nomad Life (2.3 billion tenge) and LIC European Insurance Company (975.8 million tenge).

Significant volumes of benefits also fell on LIC Freedom Finance Life (262.3 million tenge) and LIC Standard Life (71.4 million tenge).

Source: https://ranking.kz/reviews/banking-and-finance/chetvert-vseh-vyplat-po-dobrovolnomu-lichnomu-strahovaniyu-prishlas-lish-na-strahovanie-zhizni.html

Photos are from open sources.

Share
read also
It is healthy to eat a piece of cheese every day
It is healthy to eat a piece of cheese every day

Doctor Maria Kolesnikova, in her interview with the electronic periodical news public...

If you buy a life insurance policy before you are 40
If you buy a life insurance policy before you are 40

Life insurers calculate premium rates based on various risk factors. Thus, buying a l...

The state external debt of Kazakhstan is considered as safe
The state external debt of Kazakhstan is considered as safe

The external debt of Kazakhstan as of October 1, 2020 was USD 160.9 billion (or 90.7%...

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