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ARTICLE · 19 JULY 2021

Insurance Contracts Q&A

Unicase Law Firm
Unicase Law Firm
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Unicase Law Firm

Unicase Law Firm

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Insurance contracts are a vital element of risk pooling and determine the risks covered. Q&A gives introductory information on the main aspects of insurance in Kazakhstan.

KazakhstanInsurance
Unicase Law Firm
Unicase Law Firm

CONTRACTS

WHAT ARE THE MAIN TYPES OF INSURANCE AVAILABLE IN KAZAKHSTAN?

  • Degree of obligation: voluntary and obligatory
  • Object of insurance: personal and property
  • Grounds of the insurance payment: cumulative and non-cumulative

WHAT ARE THE MAIN CONDITIONS OF INSURANCE CONTRACT?

  • The name, location and bank details of the insurer and the policyholder/beneficiary
  • Object of insurance, insured event
  • The amount of insurance payment/premium and terms
  • Contract duration, number and series of insurance policy
  • The period of notification of the insured person
  • The currency of insurance payments/premiums
  • ID number, residence and economic sector of the policyholder and insured – beneficiary (if applicable)

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