Kazakhstan's largest life insurer
Nomad Life Insurance Company JSC
Nomad Life is a life insurance company that has been operating since 2007 and over this time has grown from a small start-up into the industry leader. It protects more than a million people in Kazakhstan and over 150 thousand companies, from individual entrepreneurs to large businesses. The company specialises in long-term protection: life insurance, savings and investment programmes, pension annuities and compulsory employee insurance.
Company history
The insurer was established in 2007–2008 under the name Astana-Finance Life Insurance Company JSC and at that time first obtained a licence in the "life insurance" sector. In 2009 the company joined the Association of Financiers of Kazakhstan, and in 2011 it changed its name to NOMAD LIFE. By 2012 it had already reached leading positions on the market in terms of equity, profit, assets, payments, reserves and premiums collected.
Since 2013 the sole shareholder has been NOMAD Insurance Group LLP, a major participant in which is А. С. Мынбаев. In 2018 Nomad Life became one of the shareholders of the Insurance Payments Guarantee Fund, in 2019 it obtained a licence for activities on the securities market, and in 2023 it became a member of the Association of Insurers of Kazakhstan. In 2024–2025 the company approved a sustainable development (ESG) strategy and policy and, according to the regulator, confirmed its No. 1 status on the life insurance market.
| Full name | Nomad Life Insurance Company JSC |
|---|---|
| On the market | since 2007 (until 2011: Astana-Finance) |
| Licence | No. 2.2.15 of 18 January 2023, issued by the ARDFM |
| Shareholder | NOMAD Insurance Group LLP, 100% |
| Rating | S&P Global Ratings "BBB-", outlook "Positive"; national scale "kzAAA" (October 2025) |
| Market share | 31.2% of premiums collected among life insurers as of 1 October 2025 |
| Network | 17 branches and 16 regional offices |
| Official website | nomadlife.kz |
A rating on a par with the country
In October 2025 S&P Global Ratings upgraded Nomad Life to "BBB-" with a "Positive" outlook, which is the level of Kazakhstan's sovereign rating. On the national scale, the rating rose from "kzAA+" to the highest level, "kzAAA". The company notes that it has become the only private organisation in the country with a rating at the sovereign level. Among the reasons, the agency cited growth in capital and profitability: over the incomplete year 2025, equity increased from 47.4 to 118.3 billion tenge. The company's investment policy is conservative: clients' funds are placed in liquid and proven instruments.
Products for individual clients and businesses
Pension annuities
The pension annuity and the joint pension annuity turn pension savings into regular lifelong payments.
Savings
Senim, NOMAD BOLASHAQ for children's future, Zoloto Nomadov and Zoloto Nomadov Invest are programmes that combine savings and life protection.
Currency and investments
Capital USD for savings in dollars and Nomad Invest for clients who want an investment component in their policy.
Life protection
Term life insurance, accident insurance, borrower insurance and travel insurance.
For employers
Compulsory insurance of employees against accidents in the course of their work duties (OSRNS).
Annuities for organisations
Annuity insurance, which is also used by legal entities.
Service and digitalisation
The company builds its work on three principles (clear, reliable, convenient) and tries to explain terms without complex jargon. Processes are being digitised: the website has an online calculator, a personal account, policy payments and request forms. Nomad Life is developing personalised AI-supported solutions and omnichannel sales so that managing insurance is as simple as managing a bank account. Clients can get in touch in person at one of the offices across the country or remotely.
Nomad Life is part of the Nomad Insurance Group; together with the general insurance company NOMAD Insurance, it forms one of the largest insurance holdings in Kazakhstan.
How to report an insured event
Notify the company
Report the event through the contact centre, an office or the online form on the Nomad Life website.
Fill in a claim form
Claim forms are available in the support section of the official website; state the contract details and the circumstances of the event.
Submit documents
The list of supporting documents depends on the programme and is set out in the insurance rules.
Wait for the decision
After checking the documents, the company decides on the payment and transfers the funds to the recipient.
Important: for savings and investment programmes, study the terms of early termination and how income is accrued; they vary from product to product.
A Nomad Life policy through Dynasty
At Dynasty you can choose and take out a Nomad Life programme: calculate the cost in the calculator, compare the terms with other life insurers and get help from a manager at every step, from choosing a product to submitting a claim for payment.