A leader in protecting mining and metallurgy workers
KM Life Life Insurance Company JSC
KM Life is one of the largest life insurance companies in Kazakhstan. Its team spent more than 15 years as part of the Kazakhmys insurance group, and its specialists' combined experience in the industry exceeds 25 years. Every day the company protects more than 1.2 million insured persons, every month it pays out sums insured to more than 4,000 clients, and it describes itself as the No. 1 insurer of mining and metallurgy enterprises.
About the company
KM Life Life Insurance Company JSC works with individuals and legal entities and specialises in annuity insurance, pension annuities and the protection of employees against accidents. Its head office is in Almaty, and the company is present in 20 cities of Kazakhstan.
The company's activity is licensed by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market: its current licence to carry out insurance (reinsurance) activity in the line "life insurance" is No. 2.2.21 of 23.07.2026. In addition to direct insurance, KM Life engages in reinsurance, building partnerships with other insurance and reinsurance companies.
Since September 2019 KM Life has been a participant in the Insurance Payments Guarantee Fund. Since December 2019 the company has been a member of the Council of Representatives of the Insurance Ombudsman, since February 2020 a member of the Association of Financiers of Kazakhstan, and since 2019 a member of the National Chamber of Entrepreneurs "Atameken".
| Full name | KM Life Life Insurance Company JSC |
|---|---|
| ARDFM licence | No. 2.2.21 of 23.07.2026, line "life insurance" |
| BIN | 190840028828 |
| Chair of the Management Board | Bekbolatova Nazym Bekbolatovna |
| Chair of the Board of Directors | Kasymova Amina Sotsialovna |
| Major shareholders | Kasymova A.S. |
| Branches | 8 |
| Head office | Almaty |
| Insurance reserves | KZT 119.2 billion (as of 01.01.2026) |
| Assets | KZT 158.2 billion (as of 01.01.2026) |
| Insurance premiums | KZT 58.6 billion (as of 01.01.2026) |
| Paid to clients | KZT 46.3 billion |
| Insured persons | more than 1,200,000 people |
| Geography | 20 cities of Kazakhstan, head office in Almaty |
| Guarantee | Participant in the Insurance Payments Guarantee Fund since 2019 |
Regulation and supervision
KM 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. 2.2.21 of 23.07.2026 in the line "life insurance". Information on the insurer's management and major shareholders is published by the regulator: the management board is chaired by Nazym Bekbolatova and the board of directors by Amina Kasymova, who, according to ARDFM, is also a major shareholder of the company.
According to the regulator's register, KM Life has 8 branches: in Astana, Shymkent, Konaev, Atyrau, Taraz, Kyzylorda, Pavlodar and Petropavlovsk. Together with the head office in Almaty and its representative offices, this allows it to serve clients and employers in virtually all regions of the country.
Products for private clients
KM Life's main retail product is the pension annuity, which can be arranged online. The contract is concluded using pension savings accumulated from mandatory and mandatory occupational pension contributions, and it guarantees lifelong payments. Women from the age of 53, men from 55 and workers in hazardous industries from 50 are eligible, provided that the amount of savings in the UAPF is sufficient. For a deferred annuity, the required amount is lower.
The company also states that annuity payments may be indexed following the results of the financial year, which helps to preserve the purchasing power of the income.
Solutions for business
OSNS
Compulsory insurance of employees against accidents in the course of their employment duties and against occupational diseases. To arrange it, you need the annual payroll, the number of employees and the organisation's details.
Voluntary employee insurance
Additional protection of staff against accidents on top of the compulsory cover, for companies that want to strengthen their social benefits package.
Group life insurance
Voluntary life insurance against accidents and illness for work teams: support for employees and their families in unforeseen situations.
Annuity insurance
Regular payments to injured employees and their families in cases involving workplace injuries, an area in which the company has historically been strong.
Important: under OSNS an insured event is an accident at work resulting in loss of professional working capacity, an occupational disease or the death of an employee, in the circumstances set out in the law on compulsory employee insurance. If the policy is linked to a bank loan, cancelling it within 14 days may lead to a revision of the loan rate or fee.
How to report an insured event
Report the event
The employer or the insured person notifies the company through the contact centre or a regional office.
Prepare the accident report and medical documents
For OSNS you will need the report on the workplace accident and the conclusion establishing the degree of loss of professional working capacity; for other programmes, the documents listed in the insurance rules.
Submit a claim
The payment claim with the attached documents is submitted to the company; claims specialists will check the package and request further information if necessary.
Receive the payments
After the decision is made, the company makes a lump-sum payment or sets up regular annuity payments.
Why KM Life
- insurance reserves of KZT 119.2 billion and assets of KZT 158.2 billion;
- leadership in insuring the employees of mining and metallurgy enterprises;
- a team with experience in the Kazakhmys insurance group;
- 8 branches, a presence in 20 cities and online arrangement of the pension annuity;
- participation in the insurance payments guarantee system.