"Kazkommerts-Life" JSC provides services related to the life insurance and according to the Y2016 results, it is one of the largest companies in the Kazakhstan life insuring market due to its stock and insurance reserves.
The company provides an extended complex of the individual life insuring programs, which offer personal conditions for each client. These programs enable insuring the life against certain events. However, the Company’s client can accumulate its savings for certain purposes by the required deadlines.
"Kazkommerts-Life" JSC offers to the companies the life insuring programs, which are aimed at protection of property interests of the employee, who was injured in the discharge of his/her duties, and can be used as an additional incentives program for employees and for increasing the public image of the employer.
The company received an Insurance License on December 28, 2006. "Kazkommerts-Life" JSC signed the Reinsurance Agreement with HannoverRe the globally renowned reinsurance company in 2011. The company did it in order to secure its clients’ financial guarantees under their current liabilities.
The company was issued an updated license №2.2.42. on February 22, 2016. According to this license, the "Kazkommerts-Life" JSC can perform the following activities
Mandatory accident insurance of the employee in the discharge of his | her official duties
The company’s authorized capital equals KZT 5,6 bn., totally paid by cash funds and complaint with the NBRK normative standards.
Reorganization in the form of the merger of "Subsidiary Life Insuring Company of BTA Bank "BTA Life" JSC and "Kazkommerts-Life" JSC was completed in 2015. As a result of this reorganization, the "Kazkommerts-Life" JSC has been assigned with all rights and liabilities of the “Subsidiary Life Insuring Company of BTA Bank "BTA Life" JSC.
A regional network has been represented with 16 branches in the largest Kazakhstan cities, as well as with 9 regional subdivisions in the towns of the regional significance as at the beginning of Y2017.
Thanks to an active expansion to the regions and the gained experience, "Kazkommerts-Life"”" JSC is ready to provide reliable life insurance services to all Kazakhstan citizens.
"Kazkommerts-Life" JSC is recognized to be the best life insuring company in Kazakhstan in 2016 according to World Finance, the respected business paper in the Global Insurance Awards nominee.
For more details, please visit the Company’s web-site www.kklife.kz