Life insurance in Kazakhstan is a voluntary class of insurance. Its main rules are set by several documents.
- The Civil Code of the Republic of Kazakhstan — general provisions on the insurance contract and the rights and obligations of the parties.
- The Law “On Insurance and Insurance Activity” — requirements for insurers, insurance agents and how they operate.
- Regulations of the supervisor — the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) licenses insurers and monitors their financial stability.
A life insurance contract is concluded with an insurer licensed for the “life insurance” branch. You can check the licence on the regulator’s website. An insurance agent helps choose a programme and arrange the contract on behalf of the insurer.
This material is for reference only. Current versions of the documents are published in official sources.