bs-preloader__icon
ru kz en

The license of Freedom Finance Life insurance company has been restored

The company is restarting a full work as of February 1, reports kursiv.kz.
The license of Freedom Finance Life insurance company has been restored

The license of the life insurance company Freedom Finance Life No. 2.2.48 dated November 14, 2018 for the right to carry out insurance (reinsurance) activities in the life insurance industry has been restored.

The company is resuming a full-fledged work on annuity insurance and compulsory employee insurance against accidents as of February 1, 2019.

Freedom Finance Life can once again issue policies and prolong contracts for these types of insurance. Work on other types of insurance is not suspended and operating normally.

Reference:

Life insurance Company Freedom Finance Life has been on the market since 2014, since 2018 the company has been operating under the Freedom Finance brand. More than 335,000 clients have been insured in the course of its work.

According to the National Bank of Kazakhstan, as of January 1, 2019, the LIC assets have amounted to 10.37 billion tenge, insurance reserves - 7.26 billion tenge, equity capital - 2.98 billion tenge, and charter capital - 1.99 billion tenge. Retained earnings of the company amounted to KZT392 million.

Freedom Finance Life previously bore a name Asia Life LIC JSC, and it was the company that the National Bank issued the license in 2015 to. To resume work, the company needed to re-register the license due to the name change, the National Bank reported.

Source: https://kursiv.kz/news/kompanii/2019-02/deystvie-licenzii-strakhovoy-kompanii-freedom-finance-life-vosstanovleno

Photos from open sources

 

Share
read also
The leader in annuity insurance has changed
The leader in annuity insurance has changed

LICs have reported on the results as of April...

Asian insurance market is almost catching up on North America
Asian insurance market is almost catching up on North America

This market has a huge potential. Foreign insurers have already begun to buy shares o...

Customers are ready to exchange personal data for low insurance premiums
Customers are ready to exchange personal data for low insurance premiums

These are the survey data, conducted by the MuleSoft software provider. The Consumer ...

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