The leader in protecting mining and metallurgical workers
Life Insurance Company KM Life JSC
KM Life is one of the largest life insurance companies in Kazakhstan. Its team worked within the Kazakhmys insurance group for more than 15 years, and the specialists' combined industry experience exceeds 25 years. Every day the company protects more than 1.2 million insured persons, every month it pays insurance benefits to more than 4,000 clients, and it describes itself as the No. 1 company for insuring enterprises in the mining and metallurgical sector.
About the company
Life Insurance Company KM Life JSC serves individuals and legal entities and specialises in annuity insurance, pension annuities and the protection of employees against accidents. The head office is located in Almaty, and the company is present in 20 cities of Kazakhstan.
The company's activities are licensed by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM): the website discloses licence No. 2.2.5 dated 11 October 2022 and a licence for the right to carry out insurance (reinsurance) activities dated 23 July 2026. In addition to direct insurance, KM Life is engaged in reinsurance, building partnerships with other insurance and reinsurance companies.
Since September 2019, KM Life has been a participant of the Insurance Payments Guarantee Fund. Since December 2019 the company has been a member of the Council of Representatives of the Insurance Ombudsman, since February 2020 a member of the Association of Financiers of Kazakhstan, and since 2019 a member of the National Chamber of Entrepreneurs "Atameken".
| Full name | Life Insurance Company KM Life JSC |
|---|---|
| Licences | ARDFM: No. 2.2.5 dated 11.10.2022; licence for insurance (reinsurance) activities dated 23.07.2026 |
| Insurance reserves | 119.2 billion tenge (as of 01.01.2026) |
| Assets | 158.2 billion tenge (as of 01.01.2026) |
| Insurance premiums | 58.6 billion tenge (as of 01.01.2026) |
| Paid to clients | 46.3 billion tenge |
| Insured persons | more than 1,200,000 people |
| Geography | 20 cities of Kazakhstan, head office in Almaty |
| Guarantee | Participant of the Insurance Payments Guarantee Fund since 2019 |
Products for individuals
KM Life's main retail product is the pension annuity, which can be arranged online. The contract is concluded using pension savings accumulated from mandatory and mandatory occupational pension contributions and guarantees lifelong payments. Women are eligible from the age of 53, men from 55, and workers in hazardous industries from 50, provided they have sufficient savings in the UAPF (Unified Accumulative Pension Fund). For a deferred annuity, the required amount is lower.
The company also states that annuity payments may be indexed based on the results of the financial year, which helps preserve the purchasing power of the income.
Solutions for business
Compulsory employee accident insurance
Compulsory insurance of employees against accidents in the performance of their work duties and against occupational diseases. To arrange it, you will need the annual payroll, the number of employees and the organisation's details.
Voluntary employee insurance
Additional accident protection for staff beyond the compulsory cover — for companies that want to strengthen their benefits package.
Group life insurance
Voluntary life insurance against accidents and illness for teams: support for employees and their families in unforeseen situations.
Annuity insurance
Regular payments to injured employees and their families in cases related to industrial injuries — an area in which the company has historically been strong.
Important: an insured event under compulsory employee accident insurance is an accident at work resulting in loss of occupational capacity for work, an occupational disease or the death of an employee, in the circumstances specified in the law on compulsory employee insurance. If the policy is linked to a bank loan, cancelling it within 14 days may lead to a revision of the interest rate or fee on the loan.
How to report an insured event
Report the event
The employer or the insured person notifies the company via the contact centre or a regional office.
Obtain the report and medical documents
For compulsory employee accident insurance you will need an industrial accident report and a certificate establishing the degree of loss of occupational capacity for work; for other programmes — the documents listed in the insurance rules.
Submit a claim
The claim with the attached documents is submitted to the company; claims settlement specialists will check the package and request additional information if necessary.
Receive payments
Once a decision has been made, the company makes a lump-sum payment or awards regular annuity payments.
Why KM Life
- insurance reserves of 119.2 billion tenge and assets of 158.2 billion tenge;
- leadership in insuring employees of mining and metallurgical enterprises;
- a team with experience in the Kazakhmys insurance group;
- presence in 20 cities and online arrangement of the pension annuity;
- participation in the insurance payments guarantee system.
Get a KM Life policy through Dynasty
Dynasty will help you choose a KM Life programme: it will calculate the cost of compulsory employee accident insurance or a pension annuity in the calculator, compare the terms with offers from other life insurers and prepare the documents for the purchase. A Dynasty manager will advise you on what to do if an insured event occurs and help you gather the necessary paperwork.
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.