More than once I have witnessed how bank employees are actively selling accumulative and investment insurance policies to people with the words that "it's like a deposit, only more profitable." At the same time, it is silent about the features and disadvantages of this financial product. Sometimes such stories end with unpleasant surprises. Here is one of the customer reviews:
When purchasing a health or life insurance policy, the insurance company in without fail requests information about the client's health status. However, when selling UA and ILI policies (cumulative and investment insurance life, respectively) through intermediary banks, employees are not always interested in this issue, and people do not know that they should report it.
The policy will be considered invalid for people who have a disability, certain medical conditions, or who are undergoing outpatient treatment. Only then will an attentive person be able to find out about this from the details of the contract. Another sad customer review:
HOA and ILI are hybrid financial products that include insurance and investment. Provide them Insurance companies, but the main sales go through partner banks.
Cumulative insurance is focused on the formation of savings together with insurance protection, and investment insurance is aimed at the growth of investments and also insurance coverage. The policy is issued for long term usually 3 to 7 years. In the case of HOA, you undertake to make regular contributions, and in the HOI, the entire amount is usually paid when the policy is opened.
During the term, you cannot withdraw your money, except by paying a large fine (up to 100% of all your deposits). At the end of the term, you will receive your money back, plus, possibly, an additional investment income. The return of your funds is guaranteed, and additional income is only expected.
In the event of an insured event, you usually receive insurance compensation in the amount of money contributed.
The internal structure of the ILI resembles a structural product. There is a low-risk underlying investment, such as safe bonds or bank deposits, that provides a money-back guarantee. And there is an investment part, usually in the form of financial derivatives, which either "burn out" or make a profit over the term of the contract. The specific details of what is included in your insurance are not disclosed by insurance companies, although sometimes they generally offer different investment strategies to choose from.
Sellers lure customers with promises of high returns, often quoting 20-25% per annum. But we must not forget that this is only an expected, but not guaranteed return, and many people who are used to dealing with bank deposits do not understand this.
Insurers guarantee only the return of the amount paid (excluding inflation), and sometimes a small 2-3% yield on endowment insurance. How they calculate the investment yield, you can not check in any way, and are forced to believe what they themselves will show you.
At an industry event in October 2017, the president of the Life Insurers Association said: “The return can now reach up to 7-8% per annum.” Don't miss the words "may" and "before".
In September 2017 CEO one of the major insurers spoke about the results of investments in ILI: “For a significant proportion of five-year contracts that are now ending, the profitability will be close to zero - due to objective reasons. The underlying assets, in which the funds of insurers were invested under contracts until 2014, lost a lot of value due to force majeure and the economic crisis.”
It is difficult to imagine what basic (reliable) assets the insurance company chose to get such results. Let's compare their results with the index of Russian government bonds, which is formed by the Moscow Exchange:
Over the mentioned 5 years, it has grown by 53%. The MICEX stock index, taking into account dividends, grew by 76% over the same period.
I can open a secret and tell you why such a profitability is obtained. Here is a picture from a seminar for financial advisors who are trained to sell life insurance policies:
Comments, as they say, are unnecessary. And do not forget that these are only commissions to agents, and the insurance company certainly did not offend itself. All this money is paid out of your pocket.
Unlike bank deposits policies are not insured by the state.
Many subtleties can be found in the contract and insurance payments. In some cases, they will refuse to pay you (for example, a person drank a little and was hit by a car - “it’s his own fault”), some serious illnesses will not be recognized as fatal, and you will not receive anything. You are obliged to notify the insurer of various changes in your life (eg place of residence, work, occupation, hobbies). In some cases, the insurance company may unilaterally increase your contributions. The nuances may be different, study the contract.
Funds invested under the insurance program cannot be confiscated, seized, recovered in court, and so on. They are not subject to division in a divorce. In the event of the death of the insured, they are not inherited according to the general procedure, but are paid to the person indicated in the policy without waiting 6 months.
As a result, we get an opaque product, financial results which suffer from huge commissions, and the sum insured is limited by the funds you contribute. A sort of miracle Yudo, which brings good profits to the insurance company and sales agents.
In addition to investing in the usual deposits in banks, alternative instruments for investing funds are increasingly being offered - investment and endowment life insurance. In order for the funds directed to these programs to work effectively, it is necessary to understand all the intricacies of such “insurance”, find out their differences, weigh the pros and cons and evaluate all possible risks from investing.
Let's analyze what is accumulative and investment life insurance with all the details.
Investment life insurance program (LIS)- investments in the "insurance shell". By investing Money in profitable instruments (bonds, deposits, options, etc.), the investor receives a potentially high yield, and the presence of an insurance component allows you to protect the client's relatives in the event of the risks specified in the policy. The policy is usually issued for a period of 3 or 5 years.
Cumulative life insurance programs (CLS) allow the investor to periodically - for example, once a year, 6 months or a quarter to set aside comfortable amounts for long-term goals (an agreement can be concluded for a period of 5 to 20-30 years). As a result of the program, the investor takes the amount of all his contributions and the profitability for the entire period. If an insured event occurs during the validity of the policy, the client receives a payment in the amount of 100 to 300% of the amount that he would have received at the end of the investment.
How does life insurance with the payment of additional investment income work? Funds invested in an investment life insurance contract work as follows:
An investment life insurance policy also protects the health and life of the investor. There are two insured events:
It is important to pay attention:
An essential point in ILI programs is the concept of "participation rate". This is an indicator that shows what share of the growth of the chosen investment direction the client will receive. The higher the coefficient value, the more profitable the investment in the program. When concluding the policy, it is necessary to clarify whether the participation rate applies to the entire deposited amount or only to the investment part.
Having understood what endowment life insurance is, it is necessary to understand the principles of its work.
The main goal of concluding an endowment life insurance contract is not in the profitability of the program, but in the accumulation and protection of the contributor's relatives in the long term. The insurance company invests the client's funds in classic deposits, so you can expect no more than 4–6% growth annually.
When applying for a life insurance policy, the client determines the duration of the program, the comfortable amount and frequency of contributions. In the "basic" NSZH, as a rule, insurance risks are recognized:
At the request of the investor, it is possible to include additional risks (injury, illness, etc.) in the policy for an additional fee.
There are various types of endowment insurance, one of which is children's insurance:
its main goal is the accumulation of capital by the time the child comes of age;
the main advantage of the program is targeted funds, which means that no one except the child himself will be able to use them;
it is possible to include additional protection in case of bodily injury or disability.
Before agreeing to issue an ILI, you need to learn about its nuances and features.
If the investor decides to take the placed amount before the end of the program, the insurance company will return only the redemption amount - the value pre-specified in the contract.
The redemption amount is different for each year. For example, drawing up a contract for 3 years for 250 thousand rubles. and closing it, the investor will receive (the figures are approximate, each insurance company has its own conditions):
Investment income earned during this time will be paid in full.
Depending on the chosen strategy, ILI can provide the client with a potential income of up to 25% per annum. The insurance company cannot guarantee the implementation of forecasts, as well as say that historical profitability is a clear indicator of the future.
The only thing that is stipulated in the contract is that at the end of the program term, the investor takes the full amount of the contribution, there is no opportunity to “go into the red”.
The law provides for a tax refund on the amount placed in the ILI. This should take into account:
Income earned is also taxable. The investor will need to pay 13% of the excess of the actually received "profit" over the refinancing rate. The insurance company usually acts tax agent- the client receives a “net” income.
The accumulative life insurance contract also has its own characteristics, which must be taken into account before paperwork.
As with ILI, “savings” programs provide for redemption amounts upon termination ahead of schedule. At the same time, in many insurance companies, if they wish to close the contract in the first 1-3 years, the contributions to the client are not returned, and in the future about 10-40% will be returned.
Understanding the long-term investment, the insurance company can make concessions to the client and reduce the premium.
Long-term endowment life insurance falls under the law on tax benefits. The conditions for the return are the same as for the ILI, except that the return can be received annually, and not once.
Upon termination of the contract social deductions be returned to the budget.
Risk and endowment insurance - general restrictions
According to the policy conditions, certain categories of depositors are not accepted for insurance, for example:
The full list of exclusions for each insurance company may vary.
There are also situations that will not be recognized as insured events, for example:
It is important that if the contract was concluded with a client who had a disease or a limitation that falls under the exception, then such a contract will be invalid. Upon the occurrence of an insured event (at the discretion of the insurer), either the redemption amount will be paid, or the investor's contribution will be returned without taking into account the earned profitability.
There is a risk that should be taken into account when choosing the discussed types of insurance - the placed funds do not fall under the law on deposit insurance.
This means that when choosing an insurance company, it is necessary to qualitatively assess its financial stability.
Alternatively, you can rely on the opinion of valuation agencies, such as Expert RA (accredited by the Ministry of Finance).
Each insurance company is assigned a rating by the agency, which indicates the actual and predicted reliability of the organization. So the most stable companies are rated AAA.
In addition to the rating, it is necessary to pay attention to reinsurers - companies that are liable for obligations in the event of license revocation or bankruptcy. It is advisable to choose organizations that have foreign reinsurers with a high reliability rating according to world appraisers.
Important! Please note that today voluntary endowment or investment insurance is often offered in banks. But a credit institution is only a partner that works with an insurance company for an agency fee. The reliability of the bank does not affect the stability of the insurance company whose products it offers.
Advantages of ISJ:
Disadvantages of ISI:
Advantages of programs with accumulation:
Cons of NSJ:
When making a final decision on whether investment or endowment insurance is needed, one should listen to the opinion of experts.
Prospects for the development of accumulative life insurance are quite positive - more and more clients are interested in financial planning in combination with family protection. Tax incentives only contribute to the increase in demand for life insurance.
Otherwise, things are with ILI programs. According to ACRA (Analytical Credit rating agency), in the next 2-3 years there may be disappointment in the investment results of such policies.
It is noted that according to the situation today, the investment insurance market is in a positive situation. If insurance companies manage to maintain the current growth rates, then in 2017-2021 the market will grow by 20-30%. This means that 329 billion rubles of insurance premiums are predicted for 2018, and more than 400 billion in 2019. For comparison, in 2015, 130 million rubles were placed in ILI policies, and in 2016 - already 216 billion.
Divorce of the 21st century? or real income?
We are talking about the case when an insurance company entered into a life insurance contract with an individual, under which the insured person, in addition to the right to receive insurance payment upon the occurrence of an insured event, acquired the right to receive investment income resulting from the investment by the insurer of a part of the amount contributed by the individual as an insurance premium, into underlying assets. According to the rules of insurance, additional investment income is paid upon the occurrence of an insured event as part of the insurance payment, and in the event of early termination of the insurance contract - as part of the redemption amount (paragraphs 6-7 of article 10 of the Law of the Russian Federation dated November 27, 1992 No. 4015-I " ").
The Tax Code of the Russian Federation recognizes as income an economic benefit in cash or in kind, taken into account if it is possible to assess it and to the extent that such benefit can be assessed, and determined for individuals in accordance with Chapter 23 "" of the Tax Code of the Russian Federation ().
According to insurance payments upon the occurrence of an insured event, including periodic insurance payments (rents, annuities) and (or) payments related to the participation of the insured in the investment income of the insurer, as well as redemption amounts received from Russian organization, refer to income from sources in the Russian Federation for the purposes of calculating personal income tax.
Are the sums of insurance premiums paid under the contract subject to personal income tax? voluntary insurance life or health of an employee in the absence of payments to insured individuals? For the legal positions of the courts on this issue, see the section " tax code RF" "Encyclopedia judicial practice"
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At the same time, it stipulates that in determining tax base personal income tax does not take into account income received by the taxpayer under voluntary life insurance contracts related to the survival of the insured person to a certain age or period, or in the event of another event. Such payments are not subject to personal income tax subject to the following conditions:
Financiers emphasize that since tax exemption for other payments, in particular, amounts of additional investment income under a voluntary life insurance contract, is not provided for by the Tax Code of the Russian Federation, these amounts are subject to taxation in the generally established manner.
The fact that effective economic development is the result of active investment activity is true not only for countries and states with developed market system but also for individual businesses and individuals. The main purpose of an investment is to make a profit from entrepreneurial activity as a result of the placement of free assets in one form or another. The amount of income that an investor can ultimately receive depends largely on the choice of the type of activity. But this choice also determines the degree of risk of loss of invested funds, which will increase taking into account the increase in the size of the expected income.
Finding the golden mean, calculating the maximum possible profit under conditions of minimized risks means providing yourself with a guaranteed stable income for the entire investment period. This is the aim of many clients who are trying to find this middle ground by choosing a suitable investment object. The fact that demand creates supply has long been known, therefore, in conditions economic development in the Russian Federation, various programs, projects or products are being developed that meet the necessary requirements and can become an effective tool for achieving this goal.
For Russian market services, the idea of combining high-yielding deposit opportunities in combination with insurance protection is new, despite many years of successful practice abroad. The first investment life insurance programs developed for the Russian market began to appear on it in 2010. And almost immediately won a certain share of it in the field of insurance services. The need for product development has created a vacuum in offering investment programs to individuals. Since independent activity on the exchange requires certain knowledge and skills that not every individual can boast of, as well as significant time costs, this market segment remained empty for a long time.
Investment life insurance is a new product that takes into account the lack of time and skills in stock trading among ordinary citizens, but allows them to learn the basics and get potentially high returns on deposits in a growing market, as well as eliminate the possibility of loss in case of market failure. The product allows you to make independent decisions in choosing an investment object, offering a choice of several and additionally providing insurance coverage for the entire investment period.
The ILI product, which appeared on the Russian market since 2010, began to actively conquer the banking sector. According to 2016 data, there is a significant increase in the collection of funds received from life protection agreements, but not in the field of lending as a result of a mandatory condition loan agreement, but as a result of offering a product whose purpose is life insurance with the payment of additional investment income.
The ILI product began to be offered by banks as a replacement for the usual deposits, as it allows the investor to get a higher income with a successful choice of fund or strategy. Under the ILI product contract, several strategies are proposed for consideration by the insured. He has the right to independently monitor the dynamics of the market to make a decision on the choice of an investment object or trust experienced professionals and let them make such a choice.
The fact that investment life insurance today annually increases the number of premiums is explained by the fact that in 2015, as a result of previously concluded contracts, the highest incomes were received. RAEX analysts predicted such growth rates and according to forecasts. They will continue until 2018. But some experts argue that the growth in volumes in this area will not slow down, but will continue in the next periods. By offering investment life insurance, the bank seeks to show regular depositors the possibility of obtaining higher profits from investment activity than dividend income. At the same time, he explains the beneficial obligation to maintain the initial deposit, which cannot be guaranteed by independent activity in the conditions of exchange trading.
Investment life insurance, or ILI for short, is a product that originates from accumulative insurance, but additionally includes a financial instrument that allows you to receive additional income at the end of the term. Therefore, it includes the payment of a premium for mandatory insurance risks, which can be either a lump sum or divided into equal payments throughout the entire insurance period and the subsequent division of the invested amount into guarantee and risk funds.
This is done in order to be able to return the invested amount to the investor at the expense of a guaranteed fund, which is invested in reliable government bonds. Small income on bonds in the amount of the fund itself by the end of the insurance period will be equal to the initial contribution. A risk fund is a part of the deposit that is actively invested in high-yield and high-risk stocks or deposits. Investment life insurance, the investment income that it allows you to get, can significantly exceed the initial investment amount with a successful choice of objects for investment.
Insurance share of the ILI product:
By signing the contract, the depositor can be sure that he will receive 100% of the amount invested by him, subject to the terms and conditions stipulated by investment life insurance. Profitability from risky activities is not guaranteed. At the time of completion of the contract for the product, it can be either zero or very high.
Legal and natural persons over the age of 18 can participate in the ILI program, while the insured can only be individual aged 18 to 70 years. To conclude a contract, the insured must determine the term of insurance, possible additional risks, the number of beneficiaries in case insurance event, as well as choose the size of the amount for investments and funds or a strategy for operations with risky assets.
The contract should fix the terms, the amount of the contribution and the frequency of payment, the main insurance risks and obligations of the insurance company on them, as well as details of the parties for financial transfers. After all individual characteristics are registered and important points under the contract, it is signed by the interested parties and certified by seals. The contract is drawn up in triplicate, but the client-investor is issued an investment life insurance policy, which will be the basis for payment in the event of an insured event.
What's new investment product has an advantage over mutual funds, is true in relation to guarantees of the preservation of the invested amount. An insurance policy that allows you to guarantee the return of the initial amount and at the same time, it is possible to earn additional income on high-risk operations (if you wish, you can perform them yourself or give the right to this activity to professionals), it is very convenient for beginners who are unfamiliar with the basics of investing, but are ready to develop their skills and knowledge in this area.
The ILI agreement allows you to study a rather complex investment instrument in practice and at the same time not lose the invested amounts. The product makes it possible to change the selected objects for investments throughout the duration of the contract. In addition to this, investment life insurance includes tax benefits:
The insurance contract is protected from legal claims that may be brought against the policyholder during the term of the contract. Protection has legal force, and is explained by the absence of any value of the policy until the end of the fixed terms of the contract. This means that under any adverse circumstances, such as foreclosure, seizure of property or divorce proceedings, the funds contributed under the agreement will not be confiscated. Securities purchased through a policy are not formally the property of the insured or investor, and no claims can be made against them either.
The ILI program agreement does not provide for early termination with 100% payment of the contributions. If for any reason it becomes necessary to suspend the operation of the contract before the established deadlines, then it will not be possible to return the amount paid. The maximum that you can count on is the redemption amount, the amount of which is set in advance and largely depends on the duration of the contract. Long terms under the contract often provide the highest possible return. For example, investment life insurance "Rosgosstrakh" provides for payments from 75% to 90% of the premiums paid in case of early termination.
Investment life insurance does not guarantee income from the risky activities of an active fund. During the term of the contract, the market can not only rise, but also fall, and income will largely depend on the chosen strategy. If during the term of the contract the license of the insurance company is revoked or the organization is declared bankrupt, then settlements with this company may be in question. When concluding a contract, be sure to check the list of the main risks included in the contract, since not all cases are recognized as insurance.
When choosing a company to conclude a long-term product, you must be sure of its stability. In the conditions of the Russian market of insurance services, such companies include:
In addition to insurance companies, banks can also offer an investment insurance product. Such an interest financial institutions is explained by the financial side of the contract, which has investment life insurance. Sberbank in this case acts as a leading stable bank offering this product. The Sberbank program provides for investment insurance with an initial capital of 100,000 rubles or more and an investment period of 5 years or more. Under the terms, the client can change the asset, make additional contributions, fix profits or withdraw additional income without terminating investment life insurance. Sberbank receives customer reviews regularly. Those who managed to get the first profit under contracts concluded at the very beginning of the product's appearance on the Russian market note the convenience of the service offered.
Interesting proposals for insurance programs can be offered by Russian Standard Bank, in whose portfolio you can find an offer for children with small contributions under the contract, which can significantly increase the initial amount of payments.
The fact that the product appeared on the market relatively recently explains the numerous statements that characterize it both positively and negatively. negative side. The dual reputation of the product is due to the stratum of society for which it was developed. An unfamiliar field of activity for ordinary person associated with stock markets and stock trading, which is present in the investment part of the insurance contract, causes mistrust and fear among the population.
It should be noted that some individuals who managed to conclude contracts at the very beginning of the appearance of the product on the Russian market and by now have managed to receive significant income, speak of the product as an indispensable tool. Together with them you can hear a lot of dissatisfied statements. Basically, they come from people who, for some reason, were offered an investment product as a complete alternative to a deposit, but with a higher return. At the same time, it was not explained that the chosen strategy largely affects the size of such a high yield, besides, the insurance part of the contract was silent, which, in addition to protection, provides significant tax benefits. Despite the incidents caused by the novelty of the program, and taking into account its further understanding among the masses, we hope that reviews of such a product as investment life insurance will be more positive in the future.
Greetings dear friends! I am sure that most of you have never heard of the opportunity to increase your savings by insuring your life before. Undoubtedly classical instruments more than enough money. Considering that popular bank deposits are affordable and understandable products, customers most often use them. credit organizations to protect savings from inflationary processes. However, in recent years there has been a downward trend interest rate on ordinary deposits, and therefore more and more bank customers prefer to invest in investment life insurance. The choice is conditional high yield and getting additional insurance coverage. Let's look at this capital savings option in more detail.
I have already mentioned investment insurance in my article. essence ILI is as follows: you put your savings in the account of the insurance company as at least 3 years. The client has the right to decide - to deposit the entire amount at once or split it into several parts, replenishing the account at regular intervals during the entire period of investment insurance. In turn, the company undertakes at the end of the term of the policy, pay you the invested funds in full and investment income, if any.
Objects of all kinds personal insurance act life and health person signing a contract with an insurance company. The purpose of ILI is not only to protect clients from financial losses incurred as a result of an insured event, but also to accumulate, multiplication their cash. This type voluntary accumulative insurance is an opportunity to accumulate a certain amount of funds during the validity period insurance policy and receive additional income as a result of asset management. If management companies succeed in successfully investing clients' funds, then the amount of the initial deposit will increase annually by at least 15%.
It turns out that participation in the investment insurance program is combination of life insurance with receipt additional income from passive participation in the assets offered by the management company.
For the entire duration of the ILI, you will be insured against any risks - death, illness, accidents. The more risks will be included in the "insurance shell", the more expensive the insurance will cost.
Conventionally, your money can be divided into two parts: investment and guaranteed. The latter is invested by insurance companies in instruments that provide guaranteed income, for example, in bank deposits. Sum guaranteed fund, increased by the income received as a result of investment, should be equal to the initial amount of funds invested in the insurance account.
second, investment, part of the company is investing in various instruments with high level profitability. Provided that the chosen strategy turns out to be successful, you will receive not only the invested funds, but also additional income. If the chosen path is unsuccessful, only the body of the deposit will be returned to you. It turns out that even with the most unfavorable outcome, you risk nothing.
The opportunity to invest is presented by companies as an exceptional boon, since you can invest in precious metals, stocks, oil and other instruments. By the way, about how to work with securities, read in my . However, clients are almost never told that over time the amount of the initial investment of ILI will be battered by inflation.
By becoming a member of the ILI program, you get the opportunity to increase your money by investing in various financial instruments. But it's important to understand features:
When signing a life insurance contract, you must provide the company with your passport data. This is necessary to verify your identity and age. I draw your attention to the fact that both residents and non-residents of the Russian Federation permanently residing in its territory can participate in the investment insurance program.
Before signing a contract, consider what risks you want to include in your policy. Often in the list, the first two risks are included in the policy by default and are mandatory, and the third is optional and affects the final cost of the document:
The civil law lists the reasons why insurers may refuse to pay compensation to a client:
In accordance with the terms of the insurance contract, the amount of payments may be different:
The contract concluded between the insurance agency and the insured comes into force after it is signed by both parties and deposited into the insurance account down payment.
According to the terms of the contract to the insured the following documents must be provided:
Documentation confirming the fact of a person's participation in the ILI program is issued to the insured personally or sent by mail.
Before signing a contract, pay attention to a few points:
In addition, the contract must contain information about contact and address details of the insured and the company, as well as requisites for which payments will be made.
The signed contract is certified by the signature of the authorized representative and the seal. Along with your insurance policy contract must be kept until an insured event occurs or the program expires. After that, the documents are transferred to the insurers in order to receive the appropriate payments.
The payment of monetary compensation under the terms of ILI programs occurs in the following cases:
If the occurrence of the insured event specified in the ILI agreement could not be avoided, you or your beneficiary should file request to the company who issued the policy, backing it up with such documents:
The documentation provided is verification, after which, if the application is approved, you or your beneficiary will be paid insurance compensation in the amount specified in the contract.
Today, almost every major insurance company will offer you investment health and life insurance programs. For an inexperienced person, such a variety of proposals can literally confuse. To make it easier for you to find the best policy at an affordable price, carefully read my overview of companies.
The cost of an insurance policy varies from 10 to 600 thousand rubles. The program offered by the insurance market leader is called " Capital Management". The advantage of the program is that the client has the right to choose an investment strategy on one's own. The income from participation in the program will be guaranteed to be higher than the placement of similar funds on a bank deposit.
The cost of an insurance policy is from 50 to 390 thousand rubles. Program from one of the leading companies insurance market called " Vector". It is important that savings can be made in foreign currency . The strategy, as in Rosgosstrakh, is chosen by the client on one's own. Ingosstrakh allows people under 85 to participate in the program. Insured events Ingosstrakh estimates quite expensive. So, for example, in cases of death of the insured person as a result of an accident, the beneficiary receives up to 300% of the sum insured; in case of death from an accident - up to 200%.
Program " Trust Index» from the leader of the Russian insurance market will attract clients under the age of 79. SOGAZ offers 4 investment options. Insurance claims are also high. In case of death from an accident - up to 200%, in case of death in an accident - up to 300%.
For clients with a low entry threshold, the program " Capital and protection". The cost of the policy starts from only 3 thousand rubles a year. In this case, the contract can be concluded for a period of up to 30 years. The company offers whole 6 options for investment programs.
Fans of quality service from Alpha can consider the program " Alfafinance". The cost of the program starts from 100 thousand rubles. The contribution is made one-time at the opening of the ILI. In total, AlfaStrakhovanie offers 6 investment programs, including innovative ones. Well, your corporate service, certainly.
By becoming a consumer of insurance products, you get several advantages in the form of a guaranteed return on capital, a possible high return on investment and tax deduction. Because life insurance payments are not taxable income, life insurance policy holders may receive certain benefits. tax deductions for program participants are 13% . They can be obtained from amounts up to 120 thousand rubles. That is, for the year of holding the policy, you are entitled to a refund of taxes paid to the state treasury in the amount of up to 15.6 thousand rubles.
The only thing you should be aware of is investment policies do not participate in . Consider also the fact that the profitability of these products may be an order of magnitude lower than expected.
Unlike bank deposits termination of insurance policies entails considerable monetary losses. Early termination of ILI contracts leads to the "burning" of up to 80% of the accumulated funds. I would not recommend investment policies to investors with capital not exceeding 1.4 million rubles. Such investments are more suitable for wealthy clients whose deposits cannot be covered by the deposit insurance system. If your goal is only to save money from inflation, you can split large capital into parts of 1,300,000 rubles each (we leave a reserve for receiving an income of 8% per annum) and put them in 2-5 large commercial banks.
Recently, more and more bank customers say that they were presented with investment life insurance contracts as complete analogues of classic deposits, but with a slightly higher yield. A person who understands the difference between these two tools for accumulating funds is ready to soberly evaluate the option of investing in ILI. If for you this way of investing is a discovery, but you are still ready to consider its possibilities, then you need to pay attention to a number of nuances.
The fact is that the higher profitability of ILI programs is achieved by investing the deposits of insured persons. Unfortunately, not all investment strategies offered by insurers are transparent. Insurers do not have the opportunity to independently track the dynamics of the trend of a particular fund, so you have to believe " word of honor» insurers. As a rule, companies show only a part of the indicators, and therefore it is impossible to be 100% sure that the chosen investment strategy will be successful.
Insurers in this case have only two course of action:
The main indicator that you should pay attention to when choosing an investment strategy is participation rate, which shows the share of the growth of the strategy that the policyholder can receive. This figure can vary considerably. For example, if the coefficient is equal to 100%, it means that the income of the insured is equal to the profitability of the selected fund. Pay attention to whether the percentage of return multiplied by the participation rate will apply only to the part of the funds allocated for investment, or to the entire contribution.
Many insurance companies provide customers with the option change of investment strategy during the term of the contract or fixation of earned funds. Most often, you can use these services only once a year. I must admit that this very comfortably, because you will always have the opportunity to change the investment fund if the initial strategy does not turn out to be very effective. But it makes sense to resort to fixing investment income when the current profitability of funds is high, but its decline is predicted in the near future.
Choose insurance programs from those agencies whose website provides for the possibility of creating personal account . This will not only simplify the control over the dynamics of funds, help to respond to trend changes in a timely manner, but will also provide an opportunity to adjust the initial contract (increase the amount of the deposit or change the current strategy).
So that you can decide whether to become a member of the investment life insurance program or try to make money by investing in other financial instruments, I suggest that you evaluate the advantages and disadvantages of ILI. By the way, if, having reached this point of the article, you managed to understand that investment insurance does not attract you, you may be interested in my article "". Until then, we'll deal with benefits ILI:
In order to most soberly assess the “pros” and “cons” of ILI programs, we put the following on the second scale: limitations:
All the pros and cons of ILI are in front of you. It is up to you to decide whether to invest your savings in the insurance industry or not. Personally I am more inclined towards the option of saving and accumulating funds in deposit accounts. In my opinion, this option of accumulation is much more convenient - you can replenish your account when extra money appears, you get a guaranteed income, in order to withdraw money you do not have to pay compensation or wait several years. Everything is simple and transparent. If you need insurance, take this product seriously. Do not rush to take your money to the first company you come across and overpay for unnecessary options. That's all for me. See you soon!
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