Kazakhstan Sees Doubled Spending on Annuity Insurance Amid Pension Fund Transfers

Kazakhstan's annuity insurance premiums surged by 109.4% in January-August, reaching 486.4 billion tenge. This growth is driven by pension annuities, allowing individuals to transfer savings from the Unified Pension Savings Fund for lifelong payments. Annuity insurance now constitutes 39.2% of total premiums.

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