The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has proposed expanding pension annuity options under the draft Insurance Market Development Program through 2030. The planned range would extend beyond immediate, deferred and joint annuities to include unit-linked and hybrid products, while the existing guaranteed annuity would gain more flexible payment indexation options. Unit-linked annuities would combine pension protection with returns linked to a selected investment portfolio or market index, with an option to transfer savings later into a guaranteed lifelong annuity. Hybrid annuities would divide funds between guaranteed lifelong payments and an investment component. A planned digital pension planning service would allow individuals to compare products, estimate potential payments and obtain a personalized pension plan. At the beginning of 2026, Kazakhstan had 164,294 active pension annuity contracts with KZT 1.168 trillion in premiums. Compared with 2021, the number of contracts had increased 2.5 times and premiums had risen nearly 3.5 times, mainly following the introduction of deferred and joint pension annuities.
2026-08-24Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan proposes unit-linked and hybrid pension annuities
Kazakhstan’s financial market regulator has proposed unit-linked and hybrid pension annuities under its draft insurance market program through 2030, alongside more flexible guaranteed products. It also plans a digital service for comparing pension options and estimating payments. Active annuity contracts reached 164,294 with KZT 1.168 trillion in premiums at the beginning of 2026.