Life insurance within the Bank CenterCredit ecosystem
JSC “Life Insurance Company “BCC Life”
BCC Life is a young and fast-growing life insurance company established in 2024 as part of the Bank CenterCredit financial group. The company combines banking infrastructure and digital services with classic life insurance products: borrower protection, foreign-currency savings programmes, pension annuities and employee insurance. By mid-2026 tens of thousands of individual clients and more than two and a half thousand companies had concluded contracts with it.
About the company
JSC “Life Insurance Company “BCC Life” is part of the insurance group of JSC Bank CenterCredit. The company obtained licence No. 2.2.19 to carry out insurance and reinsurance activities in the “life insurance” line of business on 8 November 2024 from the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market.
The company’s risks are reinsured with Gen Re, an international reinsurer from Germany rated “AA+” by S&P. This partnership allows the young company to accept significant sums for insurance and to meet international underwriting standards. BCC Life participates in the Insurance Payments Guarantee Fund system, and a representative of the company sits on the fund’s board of directors.
The growth of the business is evident in the figures: over a year the company’s assets roughly doubled, and insurance premiums for 2025 exceeded 12 billion tenge.
| Full name | JSC “Life Insurance Company “BCC Life” |
|---|---|
| ARDFM licence | No. 2.2.19 dated 08.11.2024, line of business “life insurance” |
| BIN | 240740030055 |
| Chairperson of the Management Board | Gulzhan Karibayevna Dzhaksymbetova |
| Chairperson of the Board of Directors | Rustam Bolatkanovich Tenizov |
| Insurance holding/group | JSC Bank CenterCredit |
| Head office | Almaty |
| Founded | 2024 |
| Reinsurer | Gen Re (Germany), S&P rating “AA+” |
| Assets | 31.29 billion tenge (as of 01.07.2026) |
| Insurance reserves | 17.31 billion tenge (as of 01.07.2026) |
| Premiums for 2025 | 12.1 billion tenge |
| Clients | 79,070 individual and 2,573 corporate clients (as of 01.07.2026) |
Management and structure
According to the ARDFM, the management board of BCC Life is headed by Gulzhan Dzhaksymbetova and the board of directors by Rustam Tenizov. In the regulator’s register the company is assigned to the insurance group of JSC Bank CenterCredit. According to the ARDFM register, the insurer has no regional branches: its head office is in Almaty.
Regulation and supervision
BCC Life is licensed and supervised by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM). The company operates under licence No. 2.2.19 dated 08.11.2024 in the “life insurance” line of business. Information on management, major participants and membership of an insurance group is published by the regulator in the register of financial organisations, and the company must comply with the ARDFM standards on capital, insurance reserves and solvency.
Products for individuals
Borrower life insurance
Protection in the event of death, Group I or II disability as a result of illness or accident, and temporary incapacity for work due to an accident. The payout can be directed towards repaying the loan, relieving the family of the debt burden.
Indexed life insurance
A savings programme in US dollars or euros with a guaranteed rate for the entire term of the contract. According to the company’s website, the yield is up to 4.75% in dollars and up to 1.8% in euros; the parameters may change for new contracts.
Pension annuity
An immediate or deferred annuity: pension savings from the UAPF are transferred to the company and turned into a lifetime income. A guaranteed period is possible, during which payments continue to heirs.
Solutions for business
For employers, BCC Life offers compulsory insurance of employees against accidents in the course of their work duties, and group insurance. The cost and terms of the compulsory employee accident insurance contract are calculated taking into account the number of staff, the annual payroll, the type of economic activity and the occupational risk class. Payments under compulsory insurance are linked to loss of occupational capacity for work or the death of an employee as a result of an industrial accident.
Digital services
Its proximity to the bank has given the company strong remote channels. Since April 2025, BCC Life policies can be arranged in the Bank CenterCredit mobile app. A personal account with round-the-clock access is available to clients, and a pension annuity contract is arranged without visiting an office: documents are signed through eGov Mobile. You can check an active policy on the Unified Insurance Database portal.
Important: with borrower life insurance, check carefully the list of insured events, the exclusions, the beneficiary and the period of cover, which must match the loan term. Verbal explanations do not replace the terms of the contract.
How to report an insured event
Notify the company
Inform BCC Life of the event through the contact centre or an office within the periods set by the contract.
Record the circumstances
Obtain medical reports, disability certificates, an accident report or other documents confirming the event.
Submit the claim
Fill in the insurance payment claim form from the official website and attach the documents according to the list given in the section on insured events.
Receive the payout
After review, the company makes a decision; under credit insurance the payment may be directed to the bank to repay the debt.
Advantages of BCC Life
- membership of the insurance group of one of Kazakhstan’s large banks;
- reinsurance with Gen Re, rated “AA+”;
- foreign-currency savings programmes with a guaranteed rate;
- arrangement in the bank’s mobile app and through eGov Mobile;
- rapid growth of assets and client base.