Life insurance from a subsidiary of the market leader
Eurasia Life Insurance Company: life insurance, savings and employee protection
Eurasia Life Insurance Company JSC (Eurasia Life) is a Kazakhstani insurer operating in the "life insurance" line. The company was founded on 19 November 2018 and belongs to the insurance holding Eurasian Financial Company JSC, the same Eurasia financial group that includes Eurasia Insurance Company JSC, the long-standing leader of the domestic insurance market. Eurasia Life offers savings and risk programmes for individuals, pension annuities, borrower insurance and compulsory employee accident insurance for employers.
About the company
The company states its mission simply: to give clients peace of mind through reliable insurance and quality service. Timely and full insurance payments are named as the main priority. In its corporate culture, Eurasia Life follows ESG principles: fair treatment of clients, employees and society, and care for the environment.
The company is part of the Eurasia financial group, which brings together property insurance, banking services and investments. This gives the client additional support: Eurasia Insurance Company from the same group holds the highest ratings among insurers in the country, and the combined charter capital of the group's two insurance companies, according to the company itself, is comparable to half the capital of Kazakhstan's entire insurance sector. According to ARDFM, the insurance holding is Eurasian Financial Company JSC.
Eurasia Life is a member of the Insurance Payments Guarantee Fund JSC and of the Council of Representatives of the Insurance Ombudsman (since 2019), the Association of Financiers of Kazakhstan (since 2020), and the National Chamber of Entrepreneurs "Atameken".
| Full name | Eurasia Life Insurance Company JSC |
|---|---|
| Date founded | 19 November 2018 |
| Line | life insurance |
| ARDFM licence | No. 2.2.13 of 28.12.2022 for insurance (reinsurance) activity in the "life insurance" line |
| BIN | 181140021231 |
| Chair of the Management Board | Shandybayev Saken Zhetkerbayevich |
| Chair of the Board of Directors | Chegebayev Kairat Sadyrbayevich |
| Insurance holding | Eurasian Financial Company JSC |
| Major shareholders | Shodiyev P.K., Ibragimova M.N., Ibragimov Sh.A., Mashkevich Anna A., Mashkevich Alla A., Mashkevich Larisa V. |
| Branches | 16 |
| S&P Global rating | "BBB", outlook "Stable"; national scale "kzAAA" (September 2026) |
| Head office | Almaty |
Financial strength
In September 2026 S&P Global Ratings raised Eurasia Life's long-term credit rating and financial strength rating to "BBB" with a "Stable" outlook, and affirmed its national scale rating of "kzAAA". As the company notes, its rating is in line with Kazakhstan's sovereign rating and is the highest among the country's life insurers. At the same time S&P raised the rating of Eurasia Insurance Company to "BBB+", noting the growing contribution of life insurance to the group's profit.
Regulation and supervision
Eurasia 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. 2.2.13 of 28.12.2022 in the "life insurance" line. Information on the insurer's management, insurance holding and major shareholders is published by the regulator: the management board is chaired by Saken Shandybayev and the board of directors by Kairat Chegebayev. The insurance holding is Eurasian Financial Company JSC, and among the major shareholders the regulator lists P.K. Shodiyev, M.N. Ibragimova, Sh.A. Ibragimov and members of the Mashkevich family.
According to ARDFM, the company has 16 branches: in Almaty, Astana, Shymkent, Karaganda, Pavlodar, Kostanay, Ust-Kamenogorsk, Semey, Petropavlovsk, Taldykorgan, Kokshetau, Uralsk, Atyrau, Aktau and Zhezkazgan, so a contract can be arranged and payment documents submitted in most regions of the country.
Programmes for individuals
Eurasia Keleshek
Education savings insurance with state support: parents save for a child's education in Kazakhstan or abroad while protecting the family against the risks of death and disability. The term is from 3 to 20 years. A Keleshek USD option is available.
Brilliant USD
A savings programme in tenge indexed to the US dollar: savings are protected against exchange rate fluctuations, and the insured person receives round-the-clock insurance cover worldwide. The term is from 2 to 20 years.
Eurasia Senim
Term life insurance of up to 5 years with a flexible set of covers: death, accident, disability and critical illness. Valid worldwide.
Pension annuity
A contract that allows pension savings to be directed into lifelong regular payments from the insurance company.
For loan borrowers
Life and health insurance for the borrower: if an insured event occurs, the debt to the bank is repaid from the insurance payment.
For migrant workers
Medical insurance for foreign nationals working in Kazakhstan.
Solutions for business
For employers, Eurasia Life offers compulsory insurance of employees against accidents in the course of their employment duties (OSNS). This type of insurance is established by law: it protects the employee and at the same time relieves the enterprise of the financial burden in the event of a workplace injury or occupational disease.
- OSNS: a compulsory policy for employers of any form of ownership;
- voluntary employee accident insurance: extended protection for staff beyond the compulsory minimum;
- annuity insurance under OSNS: regular payments to the injured employee or their family when the loss of working capacity requires long-term support.
Important: on the company's website you can check that a policy is in force, pay a premium online, log in to your personal account and track the status of an insured-event claim. Before submitting the originals, documents can be sent electronically for preliminary review.
How to report an insured event
Fill in the online form
The Eurasia Life website has a form for reporting an insured event, separate for insured individuals and for employees under an OSNS contract. Provide the contract number, the insured person's details, and the circumstances, place and time of the event.
Collect the documents
The list depends on the class of insurance (OSNS, annuity, life, accident, illness, travel insurance) and is published on the company's website.
Send scans for review
If you wish, upload copies of the documents through the website: specialists will check the set and reply by email.
Submit a payment claim
Deliver the claim and the original documents to the head office or the nearest branch and track the status of the case online.
Advantages of Eurasia Life
- the highest S&P rating among Kazakhstan's life insurers;
- the backing of the country's largest insurance group and a network of 16 branches;
- savings programmes in tenge and with dollar indexation, and education savings with state support;
- a full set of solutions for employers, from OSNS to annuities;
- convenient online services: policy verification and payment, claims and settlement status.