Life insurance from the country's largest financial group
Life Insurance Company Halyk-Life JSC
Halyk Life is a life insurance company that since 2005 has been helping people in Kazakhstan save, protect their health and secure additional income in retirement. The insurer's sole shareholder is Halyk Bank of Kazakhstan, so Halyk Life is part of Halyk Group and relies on the financial stability of one of the country's oldest and largest banks. The company positions itself as the leader of the life insurance market in terms of assets, equity and insurance reserves, and more than 800 thousand people have already become its clients.
History: from licence to market leadership
The company was founded in 2005, and in 2006 it received a licence to carry out insurance activities. In 2009 the insurer extended its licence and began regional expansion, opening a network of branches throughout Kazakhstan. Its work on the market was recognised by the professional community: in 2013 the "National Business Rating" agency awarded the company the title of "Industry Leader" for the first time, and confirmed it again in 2015.
An important milestone was 2016, when a reorganisation took place in the form of a merger with Kazkommerts-Life JSC. As a result, the portfolios and experience of two large bank-owned life insurers were combined. In 2021 clients received their own mobile app, and in 2022 the company obtained a renewed licence and announced ESG transformation as one of its key strategic goals.
| Full name | Life Insurance Company Halyk-Life JSC |
|---|---|
| Year founded | 2005 |
| Licence | No. 2.2.12 dated 28 December 2022, "life insurance" sector |
| Shareholder | Halyk Bank of Kazakhstan JSC — 100% |
| Ratings | S&P Global Ratings "BBB-" and national scale "kzAAA"; A.M. Best "B++" (ICR "bbb"); outlook "Stable", affirmed in 2025 |
| Head office | Almaty, 109 V Abay Avenue |
| Clients | more than 800 thousand people |
| Official website | halyklife.kz |
Financial reliability
For life insurance contracts concluded for ten, fifteen years or longer, the insurer's stability matters more than any advertising. Halyk Life has two international ratings. S&P Global Ratings has assigned the company a "BBB-" rating on the international scale and the highest level, "kzAAA", on Kazakhstan's national scale — the company itself describes it as the maximum in the country. A.M. Best assesses its financial strength at "B++". Both ratings were affirmed in spring 2025 with a "Stable" outlook.
Main programmes
Savings
Long-term programmes that combine capital building with life insurance protection. Popular options include "Baiterek" with a guaranteed return and "Halyk-Kazyna" for savings in foreign currency.
Children's education
"Bilim-Life" — savings for a child's education with a state bonus. The programme helps you prepare funds for university admission in advance.
Pension
The "Pension Annuity" allows you to transfer your pension savings to the insurance company and receive lifelong monthly payments after retirement.
Protection and health
Accident policies and critical illness insurance — financial support in the event of an injury or a serious diagnosis.
Travel
Insurance for trips around the world, so that unforeseen expenses abroad do not fall on the family budget.
For business
Compulsory insurance of employees against accidents in the performance of their work duties under Law of the Republic of Kazakhstan No. 273-V, with the option to arrange it online.
Digital services
The company's website features a navigator: just answer a few questions about your life situation — the birth of a child, a mortgage, preparing for retirement, your own business — and the system will suggest a suitable programme. The calculator shows the approximate amount of the premium, savings and insurance cover without registration. The free Halyk Life mobile app for iOS and Android allows you to manage policies, track savings and receive payouts.
- programme selection based on your life situation;
- online calculator for savings programmes;
- mobile app with a personal account;
- online submission of insurance claims.
How to report an insured event
Notify the company
Inform Halyk Life as soon as possible of an event that may be an insured event — by calling the contact centre, at an office or online.
Fill in the claim form
State the contract or policy number, the insured person's details, and the time and circumstances of the event. The website provides claim forms for savings and non-savings contracts, for compulsory employee insurance and for the "Halyk-Kazyna" policy.
Attach documents
The list of supporting documents depends on the type of risk and is set out in the insurance rules of the specific programme.
Receive the decision and payout
After reviewing the documents, the company makes a decision and transfers the payout to the beneficiary. When a savings contract expires, a claim for payment is also submitted.
Important: the terms, exclusions and amount of payouts are determined by the insurance rules and the contract. Before concluding a long-term contract, carefully examine which events are covered and what happens in the event of early termination.
Get a Halyk Life policy through Dynasty
Dynasty will help you compare Halyk Life programmes with offers from other life insurers, calculate the premium in the calculator and choose an option that suits your goal — savings, children's education or retirement. A Dynasty manager will answer your questions, help with the purchase and advise you on what to do if an insured event occurs.