Yes, from July 2023, according to the adopted Social Code, in the event of the death of a person who has pension savings in the UAPF, members of his family will receive a lump sum payment for funeral expenses from the pension savings of the deceased person within the amount of 94 times the monthly calculation index established for the corresponding financial year by the law on the republican budget (MCI), but not more than the funds of the deceased available on the
individual pension account (IPSA).
If the balance of pension savings on the IPSA of the deceased person after making a lump sum funeral payment amounts to an amount not exceeding the MCI, this balance is paid as a funeral payment to the family members of the deceased. Let us recall that previously an application for a lump sum payment for a funeral could also be submitted by the persons who performed the burial, and the payment was an amount equal to 52.4 times the MCI.
In the event of the death of a person who has pension savings in the UAPF, they are inherited in the manner established by the legislation of the Republic of
Kazakhstan Find out in detail about the procedure, deadlines and list of documents required for the UAPF to make funeral payments to heirs on the UAPF website