Caring about employees

Mandatory employee insurance against accidents (MEIA).

Caring about employees

MEIA Contract

  • no
  • yes
According to Article 230 of the Administrative Violations Code of the Republic of Kazakhstan

Working without the MEIA Contract shall entail the penalty for the employer in the amount of up to 2,5 mln KZT

160 MCI 404 000 KZT

for officials, small businesses and non-commercial organizations

400 MCI 1 010 000 KZT

for medium businesses

1000 MCI 2 525 000 KZT

for large businesses

Employee Insurance Reducing the risk of law suits

If you have not provided insurance coverage, an employee who was injured as a result of an accident may bring case to court. The court will take their side, because employer's evasion of compulsory insurance contract is a breach of the law.

Signing an Obligatory Accident Insurance Contract Winning the competition for professionals

When you guarantee the execution of an insurance contract, you enhance the attractiveness of your company to potential employees and elicit their support and loyalty, while providing better conditions than your competitors.

  • Terms of concluding the contract
    • Mandatory employee insurance contract against accidents can be executed by any employer or its authorized representative.
    • To calculate the insurance premium and the sum insured, it is necessary to provide a staff list indicating the amount of the annual payroll of all employees.
    • The insurance rate depends on the type of economic activity, occupational risk class and statistics of industrial accidents.
  • Which risks are covered by the contract
    • Loss of occupational disability of the insured.
    • Death of the insured.
  • MEIA Tariffs
    Professional risk classInsurance tariff
    10.12%
    20.29%
    30.48%
    40.49%
    50.52%
    60.53%
    70.54%
    80.65%
    90.56%
    100.88%
    110.75%
    120.76%
    131.29%
    141.55%
    151.13%
    161.17%
    171.21%
    182.43%
    191.75%
    202.05%
    212.54%
    222.96%

    To calculate the insurance premium and the sum insured, you should provide the staff list indicating the amount of the annual payroll of all employees. The insurance rate depends on the type of economic activity, occupational risk class and statistics of industrial accidents.

    If the amount of the insurance premium calculated based on the tariffs is less than the minimum salary established by the law on the republican budget for the relevant financial year, the amount of the insurance premium under the employee’s mandatory insurance contract against accidents shall be equal to the minimum salary. In this case, the sum insured increases in proportion to the size of the insurance premium.

“Eurasia LIC” JSC advantage is timely payments.