The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has adopted Resolution No. 12 amending its 2022 rules on calculating amounts under educational savings insurance contracts and the reporting and process for insurance payouts under the State Educational Savings System, to support the rollout of the Keleshek unified voluntary savings system. The changes уточняют the method for determining the calculated amount under relevant insurance contracts by adding a one-off state initial education capital contribution that is also invested and accrues investment income, set at 60 AEK for all children and 120 AEK for orphan children. The announcement also reiterates that Keleshek is a state support programme for children aged 5 to 18 to save for education services in Kazakhstan and abroad (including higher, technical and vocational education), with mandatory minimum annual parental contributions of at least 12 AEK for children from socially vulnerable groups and 24 AEK for other children. The resolution was registered with the Ministry of Justice on 27 March 2025 and will enter into force 10 calendar days after its first official publication.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-03-28
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan amends educational savings insurance rules to implement Keleshek and add 60–120 AEK state education capital
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan amended its 2022 rules to support the Keleshek unified voluntary savings system. Resolution No. 12 introduces a state initial education capital contribution of 60 AEK for all children and 120 AEK for orphans, accruing investment income. The Keleshek programme facilitates educational savings for children aged 5 to 18, with mandatory annual parental contributions.