Kazakhstan's largest life insurer
Nomad Life Life Insurance Company JSC
Nomad Life is a life insurance company that has operated since 2007 and in that time has grown from a small start-up into an industry leader. More than a million Kazakhstanis and over 150 thousand companies, from sole traders to large businesses, are under its protection. The company specialises in long-term protection: life insurance, savings and investment programmes, pension annuities and compulsory employee insurance.
Company history
The insurer was created in 2007-2008 under the name Astana-Finance Life Insurance Company JSC and obtained its first licence in the "life insurance" line at that time. In 2009 the company joined the Association of Financiers of Kazakhstan, and in 2011 it changed its name to NOMAD LIFE. By 2012 it had already reached leading positions in the market by equity, profit, assets, payouts, reserves and premium income.
Since 2013 the company has been part of Nomad Insurance Group LLP, which, according to the regulator, is its insurance holding; the major shareholder is A. S. Mynbayev. In 2018 Nomad Life became one of the shareholders of the Insurance Payments Guarantee Fund, in 2019 it received a licence for activity in the securities market, and in 2023 it became a member of the Association of Insurers of Kazakhstan. In 2024-2025 the company approved a sustainable development (ESG) strategy and policy and, according to the regulator, confirmed its No. 1 status in the life insurance market.
| Full name | Nomad Life Life Insurance Company JSC |
|---|---|
| ARDFM licence | No. 2.2.15 of 18.01.2023 |
| BIN | 080340004077 |
| Chair of the Management Board | Kambetbayev Yerlan Bulatovich |
| Chair of the Board of Directors | Mynbayev Almas Sayatovich |
| Insurance holding | Nomad Insurance Group LLP |
| Major shareholders | Mynbayev A. S. |
| Branches | 18 |
| Head office | Almaty |
| In the market | since 2007 (former name: Astana-Finance Life Insurance Company JSC) |
| Rating | S&P Global Ratings "BBB-", outlook "Positive"; national scale "kzAAA" (October 2025) |
| Market share | 31.2% of premium income among life insurers as of 1 October 2025 |
| Official website | nomadlife.kz |
Regulation and supervision
Nomad Life is licensed and supervised by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM). Its current licence is No. 2.2.15 of 18.01.2023. Information on the company's management, major shareholders and branches is published by the regulator in its list of financial organisations.
According to ARDFM, the company's management board is chaired by Yerlan Kambetbayev and its board of directors by Almas Mynbayev. The insurance holding is Nomad Insurance Group LLP, and the major shareholder is A. S. Mynbayev. The head office is in Almaty, and the network includes 18 branches: in Almaty, Astana, Shymkent, Karaganda, Ust-Kamenogorsk (two branches), Taraz, Uralsk, Aktobe, Kokshetau, Kostanay, Kyzylorda, Petropavlovsk, Taldykorgan, Aktau, Pavlodar, Atyrau and Zhezkazgan.
A rating at the level of the country
In October 2025 S&P Global Ratings raised Nomad Life's rating to "BBB-" with a "Positive" outlook, which is the level of Kazakhstan's sovereign rating. On the national scale the rating rose from "kzAA+" to the highest level, "kzAAA". The company notes that it became the only private organisation in the country with a rating at the sovereign level. Among the reasons, the agency named the growth of capital and profitability: in less than a full year of 2025, equity rose from KZT 47.4 billion to KZT 118.3 billion. The company's investment policy is conservative: clients' funds are placed in liquid and proven instruments.
Products for private clients and business
Pension annuities
A pension annuity and a joint pension annuity turn pension savings into regular lifelong payments.
Savings
"Senim", NOMAD BOLASHAQ for children's future, "Nomad Gold" and "Nomad Gold Invest" are programmes that combine savings with life protection.
Currency and investment
Capital USD for savings in dollars and Nomad Invest for clients who want an investment component in their policy.
Life protection
Term life insurance, accident insurance, and borrower and travel insurance.
For employers
Compulsory insurance of employees against accidents in the course of their employment duties (OSRNS).
Annuities for organisations
Annuity insurance, which is also used for legal entities.
Service and digitalisation
The company builds its work on three principles (clear, reliable, convenient) and tries to explain terms without complicated jargon. Processes are being moved into digital form: the website offers an online calculator, a personal account, policy payment and request forms. Nomad Life is developing personalised solutions supported by artificial intelligence and omnichannel sales so that managing insurance is as simple as managing a bank account. You can visit one of the offices across the country in person or get in touch remotely.
Nomad Life is part of the Nomad Insurance Group; together with the general insurance company NOMAD Insurance it forms one of the largest insurance holdings in Kazakhstan.
How to report an insured event
Notify the company
Report the event through the contact centre, an office or the online form on the Nomad Life website.
Fill in the claim
Claim forms are available in the support section of the official website; provide the contract details and the circumstances of the event.
Submit the documents
The list of supporting documents depends on the programme and is given in the insurance rules.
Wait for the decision
After checking the documents, the company decides on the payment and transfers the funds to the recipient.
Important: for savings and investment programmes, study the terms of early termination and how income is accrued; they differ from product to product.