NOMADLIFE
NOMAD Life is a Kazakhstani life insurance company founded in 2008 that offers life, savings, investment, pension, corporate, and credit insurance products to individuals and businesses across 25+ Kazakhstan cities through branch offices and digital platforms.
- Company typePrivate
- Founded2008
- HeadquartersAlmaty, Kazakhstan
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What NOMADLIFE does
NOMAD Life is a Kazakhstani life insurance company founded in March 2008 and headquartered in Almaty, operating as a Joint Stock Company (АҚ) under License No. 2.2.15 from the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market. The company offers a comprehensive portfolio including term life and accident insurance, savings products (Capital USD, ZOLOTO NOMADOV), investment-linked products (ZOLOTO NOMADOV Invest), pension annuities, corporate employee insurance (including mandatory OSRN), credit life insurance, and the state education savings program NOMAD BOLASHAQ with government co-payments of 5-7%. It serves individual and family customers, corporate employers, education savers, credit borrowers, and pension-age customers across 25+ Kazakhstan cities through a hybrid model combining a proprietary branch network, licensed insurance agent registry, and digital self-service platforms (portal.nomadlife.kz and my.nomadlife.kz).
The business model is built on subscription-recurring premium collection across life insurance, savings, investment, and pension products, with additional revenue from investment management fees on investment-linked products and non-guaranteed annual dividends to participating policyholders. In its most recent disclosed performance, the company collected 134,622 million KZT in insurance premiums, holds 643,959 million KZT in total assets, maintains 566,681 million KZT in insurance reserves, and made 13,590 million KZT in insurance payments to policyholders. The company received a AAA rating from the Kazakhstan Insurance Ombudsman in 2025 with a 97% dispute resolution rate and holds ISO 9001-2009, ISO 14001-2006, and OHSAS 18001-2008 certifications from 2012.
NOMADLIFE firmographics
Firmographics- Name
- NOMADLIFE
- Legal name
- «Nomad Life» Өмірді сақтандыру компаниясы» АҚ
- Website
- https://nomadlife.kz
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- NOMAD Life is a Kazakhstani life insurance company founded in 2008 that offers life, savings, investment, pension, corporate, and credit insurance products to individuals and businesses across 25+ Kazakhstan cities through branch offices and digital platforms.
- Ownership category
- akta.pro rank
NOMADLIFE industry classification
Industry- Product category
- Life Insurance
- NAICS
- Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114)
- SIC
- Life Insurance (6311), Accident & Health Insurance (6321), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Universal Life (UL) Insurance (FSAIABAB)
- akta.pro secondary industries
- Participating (Dividend) Whole Life Insurance (FSAIABAI), Group Term Life Insurance (FSAIAAAJ)
Keywords
Where NOMADLIFE is headquartered
LocationHeadquarters
- HQ city
- Almaty
- HQ country
- Kazakhstan
- HQ region
- Asia
Offices28 records
Markets served
NOMADLIFE business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Life Insurance Premiums: Core revenue from life insurance policies including term life, accident insurance, and savings-based life insurance. Premiums are collected as regular payments or lump sums depending on product type.
- Pension Annuity Products: Revenue from pension annuity products providing lifetime income payments starting from age 50, including individual and joint pension annuities.
- Corporate Employee Insurance: Revenue from mandatory and voluntary employee insurance programs for employers, including OSRN (occupational accident insurance) and corporate annuity schemes.
- Investment-Linked Products: Revenue from investment life insurance products including ZOLOTO NOMADOV Invest with returns linked to global investment managers, charging management fees on invested assets.
- Credit Life Insurance: Revenue from credit life insurance products protecting borrowers, where the company assumes outstanding debt obligations upon insured events.
- Insurance Dividends: Non-guaranteed distributions to policyholders from company profits, calculated annually based on the company's financial performance and actuarial results.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | NOMAD BOLASHAQ KZT savings plan with government co-payments |
| Subscription | Annual | NOMAD BOLASHAQ USD savings plan |
| Subscription | Pay-as-you-go | ZOLOTO NOMADOV savings deposits |
| Subscription | Monthly | Life and Health Insurance Products |
| Subscription | Monthly | Pension Annuity Products |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels7 records
NOMADLIFE product offering
Product offeringCore offering
NOMAD Life is a Kazakhstani life insurance company that issues life, accident, savings, investment-linked, education savings, pension annuity, and corporate employee insurance policies to individuals, families, and employers across Kazakhstan. Its product range spans term life insurance (Өмірді мерзімді сақтандыру), accident insurance (ЖО), SENIM health coverage, tourist insurance, accumulation products (Capital USD, ZOLOTO NOMADOV), investment-linked insurance (ZOLOTO NOMADOV Invest), the NOMAD BOLASHAQ state education savings program, individual and joint pension annuities, mandatory employee accident insurance (OSRN), group annuities for legal entities, and credit life (borrower's) insurance. Distribution is conducted through a 25+ city branch network, licensed insurance agents, corporate sales teams, and digital self-service platforms.
Product overview
NOMAD Life is a life insurance company operating in Kazakhstan offering a comprehensive portfolio of insurance and savings products. The product lineup includes: (1) Core life and health protection products - term life insurance, accident insurance, tourist insurance, and SENIM; (2) Savings products - Capital USD and ZOLOTO NOMADOV (KZT and USD savings with guaranteed returns up to 4.1% in foreign currency); (3) Investment products - ZOLOTO NOMADOV Invest (investment life insurance managed by global fund managers) and NOMAD BOLASHAQ (state education savings system with government matching); (4) Pension products - pension annuity and joint pension annuity allowing withdrawals from age 50; (5) Corporate products - mandatory accident insurance for employees and annuity insurance for legal entities; (6) Borrower's insurance - credit protection products. The company serves both individual retail customers and corporate clients through a network of branches across Kazakhstan.
Differentiator
Problem solved
Functional benefit
Brands
- NOMAD BOLASHAQ: State education savings program allowing parents to save for children's education in Kazakhstani or foreign universities with government matching contributions.
- ZOLOTO NOMADOV
- ZOLOTO NOMADOV Invest
- Life Easy
- SENIM
Products and services
- Term Life Insurance (Өмірді мерзімді сақтандыру)
- Accident Insurance (ЖО - Жазатайым оқиғадан сақтандыру)
- Tourist Insurance (Турист)
- SENIM Voluntary Health Insurance
- Capital USD Savings Life Insurance
- ZOLOTO NOMADOV Savings Insurance
- NOMAD BOLASHAQ Education Savings Program
- ZOLOTO NOMADOV Invest Investment-Linked Insurance
- Pension Annuity (Зейнетақы аннуитеті)
- Joint Pension Annuity (Бірлескен зейнетақы аннуитеті)
- Mandatory Accident Insurance for Employees (ОСНР - ЖО-дан қызметкерлерді міндетті сақтандыру)
- Annuity Insurance for Legal Entities (Заңды тұлғалар үшін аннуитеттік сақтандыру)
- Borrower's Insurance (Кредит қарыз алушыларына)
Quantifiable outcome
- 97% claim resolution rate resulting in AAA rating from Kazakhstan Insurance Ombudsman for 2025
- +3 more outcomes
Companies that use NOMADLIFE
Customer profileSegments5 records
Ideal customer profiles3 records
NOMADLIFE technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
NOMADLIFE partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Insurance Guarantee Payment Fund (Фонд гарантирования страховых выплат)coreGovernment-backed insurance guarantee mechanism providing full protection for savings and payments under NOMAD BOLASHAQ and other insurance products. All accumulated savings and payments are fully guaranteed by this fund.
- Financial Center (Қаржы орталығы)coreState institution managing the education savings system in Kazakhstan. Calculates annual government co-payments of up to 7% for eligible NOMAD BOLASHAQ participants. Verifies participant data across banks and insurance companies.
- National Bank of KazakhstancoreRegulatory partner providing oversight and financial reporting requirements. Company operates under license from Agency of Republic of Kazakhstan for Regulation and Development of Financial Market.
- Fingramota.kzminorFinancial literacy educational content partnership providing consumer education resources on the NOMAD Life website. Fingramota.kz is a government financial literacy program.
Scale indicators10 records
Recent moves5 records
Expansion highlights4 records
NOMADLIFE competitors and assessment
Company assessmentDirect peers
- Halyk Life: Life insurance subsidiary of Halyk Bank, Kazakhstan's largest bank. Directly comparable to NOMAD Life on term life, savings, annuity and credit-life products, with materially deeper distribution via Halyk's nationwide branch and digital banking channels.
- Kazkommerts Life (KazLife): Historic Kazakh life insurance carrier, now operating under Halyk group ownership. Overlaps with NOMAD Life on traditional life, savings and annuity products, particularly in the corporate employer and mass-retail segments.
- Forte Life: Life insurance arm of ForteBank in Kazakhstan. Competes head-to-head with NOMAD Life on accumulation, investment-linked, and term life insurance products, leveraging ForteBank's retail and SME customer base for cross-selling.
- Freedom Life Insurance: Life insurer affiliated with Freedom Holding in Kazakhstan. Competes with NOMAD Life in savings, annuity and protection segments, and shares similar exposure to the state education savings system and credit-life distribution via partner banks.
- Eurasia Life: Kazakhstan-licensed life insurer offering savings and protection products. Comparable to NOMAD Life as a mid-sized domestic carrier competing for retail customers outside the largest bank-affiliated insurers.
- Jýsan Life: Life insurance subsidiary of Jýsan Bank in Kazakhstan. Directly comparable in product mix (term, savings, pension annuity, credit life) and customer segments (mass-affluent retail and corporate employers), with bank-led origination.
Broad incumbents
- MetLife: Global life insurance and annuities incumbent with selective presence in CIS/Central Asia. Provides a benchmark for universal life, investment-linked and group products similar to NOMAD Life's ZOLOTO NOMADOV Invest and group annuity lines, though limited direct overlap in Kazakhstan.
Emerging players
- State Pension Fund (UAPF / BTA) related insurers: Kazakhstan's unified pension accumulation system and adjacent providers. Adjacent rather than directly competing — both NOMAD Life and these entities serve the same pension savings pool, with NOMAD operating annuity products on top of accumulated balances.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks3 records
Key highlights7 records
Customer concentration
NOMADLIFE social profiles
Digital presenceNOMADLIFE financial estimates
Financial estimateRevenue estimate
Valuation estimate
NOMADLIFE leadership team
Management profileNumber of profiles
Profiles15 records
NOMADLIFE funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NOMADLIFE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NOMADLIFE
What does NOMADLIFE do?
NOMAD Life is a Kazakhstani life insurance company that issues life, accident, savings, investment-linked, education savings, pension annuity, and corporate employee insurance policies to individuals, families, and employers across Kazakhstan. Its product range spans term life insurance (Өмірді мерзімді сақтандыру), accident insurance (ЖО), SENIM health coverage, tourist insurance, accumulation products (Capital USD, ZOLOTO NOMADOV), investment-linked insurance (ZOLOTO NOMADOV Invest), the NOMAD BOLASHAQ state education savings program, individual and joint pension annuities, mandatory employee accident insurance (OSRN), group annuities for legal entities, and credit life (borrower's) insurance. Distribution is conducted through a 25+ city branch network, licensed insurance agents, corporate sales teams, and digital self-service platforms.
Is NOMADLIFE a public or private company?
NOMADLIFE is a private company. It is classified as unknown and is currently operating.
When was NOMADLIFE founded?
NOMADLIFE was founded in 2008. It employs 11 to 50 people.
Where is NOMADLIFE based?
NOMADLIFE is headquartered in Almaty, Kazakhstan, in the Asia region.
How does NOMADLIFE make money?
Six revenue lines are on record. Life Insurance Premiums are the primary driver. The others are pension Annuity Products, corporate Employee Insurance, investment-Linked Products, credit Life Insurance and insurance Dividends.
Who are NOMADLIFE's main competitors?
Direct peers on record are Halyk Life, Kazkommerts Life (KazLife), Forte Life, Freedom Life Insurance, Eurasia Life and Jýsan Life. MetLife is listed as a broad incumbent. State Pension Fund (UAPF / BTA) related insurers is listed as an emerging player.
Does NOMADLIFE have an API?
No public API is recorded for NOMADLIFE.
What industry is NOMADLIFE in?
NOMADLIFE's product category is Life Insurance. Its primary akta.pro industry code is FSAIABAB, Universal Life (UL) Insurance, with a secondary code of FSAIABAI, Participating (Dividend) Whole Life Insurance. Its NAICS code is 524113 and its SIC code is 6311.