Life insurance within the Bank CenterCredit ecosystem
Life Insurance Company BCC Life JSC
BCC Life is a young and fast-growing life insurance company established in 2024 as part of the Bank CenterCredit financial group. The company combines banking infrastructure and digital services with classic life insurance products: borrower protection, foreign-currency savings plans, pension annuities and employee insurance. By mid-2026, tens of thousands of individual clients and more than two and a half thousand companies had already signed contracts with it.
About the company
Life Insurance Company BCC Life JSC is a subsidiary of Bank CenterCredit JSC, which owns 100% of the insurer's shares. The company received licence No. 2.2.19 to carry out insurance and reinsurance activities in the "life insurance" sector on 8 November 2024 from the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM).
The company's risks are reinsured with Gen Re, an international reinsurer from Germany rated "AA+" by S&P. This partnership allows the young company to accept significant sums for insurance and to meet international underwriting standards. BCC Life participates in the Insurance Payments Guarantee Fund system, and a company representative sits on the fund's board of directors.
The growth of the business is evident in the figures: over the year the company's assets roughly doubled, and insurance premiums for 2025 exceeded 12 billion tenge.
| Full name | Life Insurance Company BCC Life JSC |
|---|---|
| Founded | 2024 |
| Shareholder | Bank CenterCredit JSC (100%) |
| Licence | No. 2.2.19 dated 08.11.2024, ARDFM, "life insurance" sector |
| Reinsurer | Gen Re (Germany), S&P rating "AA+" |
| Assets | 31.29 billion tenge (as of 01.07.2026) |
| Insurance reserves | 17.31 billion tenge (as of 01.07.2026) |
| Premiums for 2025 | 12.1 billion tenge |
| Clients | 79,070 individual and 2,573 corporate clients (as of 01.07.2026) |
| Office | Almaty |
Products for individuals
Borrower life insurance
Cover in the event of death, Group I or II disability resulting from illness or an accident, and temporary incapacity for work due to an accident. The payout can be used to repay the loan, relieving the family of the debt burden.
Indexed life insurance
A savings plan in US dollars or euros with a guaranteed rate for the entire term of the contract. According to the company's website, the return is up to 4.75% in dollars and up to 1.8% in euros; the terms may change for new contracts.
Pension annuity
An immediate or deferred annuity: pension savings from the UAPF (Unified Accumulative Pension Fund) are transferred to the company and turned into lifelong income. A guaranteed period is available, during which payments continue to the heirs.
Solutions for business
For employers, BCC Life offers compulsory insurance of employees against accidents in the performance of their work duties, as well as group insurance. The cost and terms of a compulsory employee accident insurance contract are calculated taking into account headcount, the annual payroll, the type of economic activity and the occupational risk class. Payouts under compulsory insurance relate to loss of occupational capacity for work or the death of an employee as a result of an industrial accident.
Digital services
Proximity to the bank has given the company strong remote channels. Since April 2025, BCC Life policies can be purchased in the Bank CenterCredit mobile app. Clients have a personal account with round-the-clock access, and a pension annuity contract can be concluded without visiting an office: documents are signed via eGov Mobile. A valid policy can be checked on the Unified Insurance Database portal.
Important: with borrower life insurance, carefully check the list of insured events, the exclusions, the beneficiary and the period of cover — it must match the term of the loan. Verbal explanations do not replace the terms of the contract.
How to report an insured event
Notify the company
Inform BCC Life of the event via the contact centre or an office within the time limits set by the contract.
Record the circumstances
Obtain medical reports, disability certificates, an accident report or other documents confirming the event.
Submit a claim
Fill in the claim form for an insurance payout available on the official website and attach the documents listed in the insured event section.
Receive the payout
After review, the company makes a decision; under credit insurance, the payout may be sent to the bank to repay the debt.
Advantages of BCC Life
- the sole shareholder is one of Kazakhstan's major banks;
- reinsurance with Gen Re, rated "AA+";
- foreign-currency savings plans with a guaranteed rate;
- purchase in the bank's mobile app and via eGov Mobile;
- rapid growth in assets and client base.
Get a BCC Life policy through Dynasty
Dynasty will help you understand BCC Life's programmes: it will calculate the cost in the calculator and compare the terms of borrower insurance, foreign-currency savings and the pension annuity with offers from other life insurers. A Dynasty manager will help you arrange the policy and advise you on what to do if an insured event occurs.
This information is for reference only and is based on data from the company's official website. The exact terms are determined by the contract and the insurance rules.