About launch of an online service to choose insurance products

Insurance Payments Guarantee Fund JSC, with support of the Agency for Regulation and Development of the Financial Market, has launched a special online service to facilitate selection and comparison of various insurance offers on the market.

The insurance product directory will help consumers find detailed information about insurance products from various companies and will allow them to go directly to the insurer's website for a detailed study of terms and conditions, which significantly streamlines the process of choosing the best insurance coverage.

Insurance is a reliable way to protect yourself, your property, and your loved ones from financial consequences of unexpected events. Insurance policy acts as a financial safety net, helping cope with unexpected expenses for health, a car or in case of an accident.

It should be noted that entry into an insurance contract is a responsible step. Before signing an insurance contract, you must carefully study its terms and conditions, pay special attention to a list of insurance risks and events covered by the insurance, as well as availability of a deductible amount. You also must make sure that the contract clearly sets out necessary documents to receive a payment and terms and conditions of its implementation.

It is important to remember that the list of documents may differ for different types of insurance. A thorough study of the contract is required, since any ambiguities may prevent you from receiving an insurance payment in the future. The consumer has the right to make changes to a voluntary insurance contract provided that they do not conflict with the laws of the Republic of Kazakhstan.

Today, insurance companies provide consumers with a convenient opportunity to apply for insurance products online. The consumer has the opportunity to apply for a policy without visiting the office. For convenience and safety of consumers, links to official websites of all insurance companies are posted on the website of State Credit Bureau JSC.

25 companies operate on the insurance sector of Kazakhstan, including 15 general insurance companies and 10 life insurance companies. Each of them offers a broad range of insurance products designed to ensure financial security of consumers. Insurance conditions for each product are set out in detail in the Insurance Rules, which are always posted on official websites of insurance companies.