Every year loans become more and more popular. Citizens are looking for the most favorable conditions, and banks are trying to reduce their risks. Many do not understand what credit insurance is and why it is issued. Let's deal with this concept from the point of view of banks and ordinary consumers of credit.
Insurance, by all laws, cannot be a prerequisite for obtaining a loan. However, in reality, many banks refuse to cooperate with clients without this condition. Financial institutions in the official refusal indicate a different reason. No one can forbid banks to set more stringent conditions for a loan in case of refusal to sign an agreement with an insurance company.
In any case, any citizen who wants to get a loan should know what loan insurance provides, and what are the subtleties of its registration:
Before signing an insurance contract, you should carefully study all its clauses. If you wish, you can contact a specialist with a legal education. After studying the contract, the borrower needs to know exactly which situations will be considered insured events and what insurance return rules exist.
Insurance is an additional financial instrument that cannot affect total amount loan.
For the borrower, loan insurance is another way to pay off payments in the event of certain events described in the contract.
Many are concerned about the question - how can you return insurance if the loan is repaid ahead of schedule?This item should be found in the contract. Sometimes this return is prescribed in an additional agreement. There is a small chance that the money will be returned if it is not provided for in any paragraph.
To return the funds, you must contact not the bank, but the one specified in the policy insurance company. As a rule, consultants explain the possibility, further actions and the entire refund policy.
In this case, the scenario can develop in two ways:
You can choose as lump-sum payment of insurance, and monthly included in the amount of payments on the loan. Insurance costs can also be included in the body of the loan. But if provided early repayment, it is best not to do so. Then you won't have to think about any return.
Even if the borrower does not receive a return of insurance for early repayment of the loan, he still receives some benefits. The insurance company continues to protect both the borrower and his property.
There are cases when the rights of borrowers who have taken out credit insurance are violated. Then it is worth contacting Rospotrebnadzor or the courts. This takes into account the 3-year statute of limitations. The first thing that an infringed citizen needs to do is to receive written refusals from the insurance company and from the bank.
Why do you need credit insurance and is it always so necessary? Let's take a look at each type of loan.
The type of lending in which there are:
In this situation, the execution of the policy is a dubious plus for the parties to the transaction. Banks can easily cover loan defaults through big stakes. The terms are not so long that an insured event occurs - disability or death of the borrower. However, in practice financial institutions persistently urge customers to purchase insurance. Most likely, banks cooperate with insurance companies and have their profit from the sale of policies. For the client himself, these are only additional costs and an increase in loan payments.
Comparison of credit insurance in largest banks RF
Job loss insurance is considered especially ridiculous and unnecessary. As a rule, a condition must be met under which the employee was reduced or the company was liquidated for any reason. But even so, the employer forces a person to write a statement of his own free will. And in this case, insurance is not provided.
Banks, when applying for a loan for transport, most often require issuing two types of policy - CASCO and health and life insurance. Some banks offer not to use CASCO, but in this case, interest on payments increases. This is justified, because you need to cover the risk.
Life and health insurance when buying a car is questionable. Especially if the future owner is young and is not going to engage in extreme sports on the purchased transport. Average loan terms are 3-6 years. Therefore, it is more expedient to find a bank that will not raise loan rates in case of refusal of this type of insurance.
With this type of loan, financial institutions tend to offer as many insurance policies as possible. This is quite justified, because we are talking about long periods and considerable sums.
Property insurance is a must in the Civil Code of the Russian Federation Art. 343.
What is boxed loan insurance? It's comparatively New Product, its prescription of being on the market is not more than five years. We are talking about policies that have fixed amounts of compensation and a certain price of the insurance premium.
Such credit insurance is a process without additional procedures and without providing additional data by the policyholder. As a rule, this product is more attractive to a wide range of customers. It is cheaper, has a typical set of risks, already calculated sums insured. All this is very convenient for a simple client.
With boxed insurance, both parties benefit. After all, it's about convenience first and foremost. Employees of insurance companies draw up only the passport data of a citizen and fill in typical risk parameters. At the same time, the client knows everything in advance - the amount of coverage and the cost of insurance.
Box insurances are a great way to express sales in banking institutions with loans, mortgages and other loans.
To date, boxed insurance is not so sharply different from the classic one, but it has a number of differences. Including positive points:
But we must remember that everything depends on the insurance company. Each citizen must choose for himself the appropriate product - "box" or "classic". In the first case, speed and convenience are valuable, but only the most likely risks will be taken into account. In the second case, you will need specialist advice and a long discussion of all clauses of the contract. In this case, it is possible to take into account all the features of the transaction.
The specifics of such insurance has its drawbacks:
Despite this, specialists and analysts believe that boxed insurance is the most promising direction including online sales.
Recently, many banks have been actively practicing a life insurance program with consumer credit. Some consider this a great solution, because they have a chance to save themselves from a number of unpleasant life situations.
Others don't like the fact that taking out a policy raises monthly payments. Who is right? There probably isn't a single definitive answer. So we'll have to figure it out.
Consumer credit insurance can be beneficial for both parties if you, as a bank customer, carefully read the agreement and select those cases that are really worth protecting yourself from.
We can say that the execution of the agreement is beneficial only for the borrower, because he gets the confidence that in the event of disability (partial or complete), in the event of an accident or even death, all his debts will be paid. Despite this, most of us, however, are in no hurry to formalize the agreement.
Money for the policy is given immediately, and if no accident happens, you will pay not only for the loan, but also for insurance.
That is why most clients do not dare to sign such an agreement, because next to the advantages there are always disadvantages.
For such an institution, such agreements are always beneficial. This is the side of the agreement that wins in any case. The risk of losing money in this case is reduced or eliminated completely.
It is this fact that annoys most customers. What are the banks doing? They continue to convince potential clients that the insurance premiums are low and the employees themselves don't receive any bonuses. But who really benefits from the situation is you.
The calculation of the premium can be very different. As a rule, the so-called matrix tariff is used for it, which depends on the loan amount:
There are more and less loyal financial institutions and their programs. For example, if you choose consumer credit insurance at Sberbank, then only insurance of the collateral object is a mandatory type, and life safety is not a mandatory item, and your choice will not affect the loan amount or interest rate. This is a more loyal program.
But Uralsib, for example, does not like its customers that much. Here, the interest rate is on average 13% per annum with the issuance of the policy, and 15% - with the refusal of it. All payments must be made annually, otherwise the rate increases by 2%.
As for the amount of the installment, it ranges from 0.2 to 0.5% of the loan balance. If you borrow 1,000,000 rubles, then the amount for the first year will be 3,000 rubles at a rate of 0.3%.
Renaissance Credit offers the policy as a mandatory loan program service. The amount of payment is from 0.3 to 0.7% monthly of the total loan amount. If you borrowed 200,000 rubles, then you will need to pay 7,200 rubles a year.
Since here loans are issued for up to 5 years, and the policy is included in the limit for the entire period, the amount of your debt will increase by 36,000 rubles, plus interest.
According to the law of the Russian Federation, life insurance with a consumer loan is not mandatory. But, as we read above, some banks do not give customers a chance to refuse.
Some institutions act especially cunningly: in order to lure the client, they reduce interest rates by several points. Thus, the premium is included in the loan amount: expenses do not increase, but debt increases.
Really honest banks do not force their customers to take out a policy. In addition, they additionally emphasize that any decision will not have the slightest impact on the issuance or size of the loan.
Whether it is a partial or total disability, disability or death, you must provide the insurance company with documentary evidence of what happened with all discharges from the hospital.
As practice shows, many clients of companies also want to return the contributions, even if such cases do not occur. The refund depends on the following factors:
You can apply statement of claim to court based on consumer protection rights.
If you are sure that you can do without a policy, or if the loan processing time is very short, you can refuse the contract. But, can you be 100% sure when and how you will return home if every morning you leave for a dangerous job.
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Insurance mortgage loan- mandatory or not? What is consumer credit insurance for individuals? How is the termination of the loan agreement and the return of insurance?
Good afternoon, dear readers of the HeatherBober project. Viktor Golikov is with you - a man who, like everyone else, was kindly offered or veiledly imposed a loan hundreds of times.
The topic will be interesting for everyone! And those who took a loan, and those who are going to, and those who categorically do not accept loans. No one is immune from the need to take a loan from a bank, and bank debt always has to be repaid with interest!
In order not to overpay, let's look at the issue of credit insurance.
Bankers, merchants, usurers, and just ordinary people As soon as they have financial savings, they immediately try to protect them from outside encroachment. And if they lend surplus! - "When will you give it back? What are the percentages? What about a pledge? What if you don't return?"
Fortunately, you will not hear such phrases in the bank when you take out a loan. Financiers replace verbal confirmations with a written loan agreement. And already on the money that you borrow from the bank, they add additional interest, calling it deposit insurance .
Thus, the lender protects its interests, at the same time doing it for you. By insuring a loan, you guarantee the bank the return of loans issued financial resources! The only “but” is that this is done for your hard-earned money. Moreover, sometimes such agreements are drawn up that the borrower does not even guess “at whose expense the banquet is”.
The insurance company, a partner or a subsidiary of the bank itself, will pay for everything. Which already speaks for itself: credit insurance, seemingly voluntary initially, magically turns into a mandatory action, without which you won’t get a loan, or it will be offered on conditions even worse than with insurance.
When concluding a loan agreement together with an insurance company, the bank receives not only increased payments from the borrower, but also premium from an insurance company. Therefore, the bank is directly interested in the maximum possible number of credit insurance.
And yet there are 2 cases of compulsory credit insurance allocated for legislative level.
These include:
It may seem that credit insurance only protects banking structure, but it is not so. The borrower himself is also interested in the return of the issued funds. When insured event Willy-nilly, the insurance company comes into play, it is she who determines in which cases the payment of the borrower's loan will begin.
Read an article related to the topic - "".
So, having decided on the "compulsory" voluntary insurance, it is necessary to select credit risks , which are most often combined into comprehensive insurance packages.
Let's look at four types of the most common risks.
The acquisition of this policy means that in the event of death or a serious illness that does not allow the borrower to repay the loan, an insured event will occur.
The partner company of the bank will be obliged to assume the balance of repayment of the debt, or to repay the loan for temporary or permanent (with the assignment of disability) disability.
Example
Denis Vasilyevich broke his arm and went to the insurance company so that she would pay the debt to the bank until he recovered. The company was asked to prove that the hand was broken unintentionally, otherwise there would be no payments. The man had to sue the insurer.
Type 2. Insurance of the borrower against job loss
Such protection gives the right not to repay the loan in the event of an actual loss of work. It should be noted right away that dismissal or disability under this type of insurance is not recognized. Insurance implies bankruptcy or (read a separate article about this).
In court, the lawyer of the insurance company tried to prove that Denis Vasilyevich not working temporarily and therefore, it is not an insured event!
Type 3. Title insurance
This credit risk protects against loss of ownership of real estate. Usually used for mortgages.
The insurance company is involved in the case when:
- the transaction is declared invalid;
- the right of ownership is canceled by a court decision;
- the incapacity of the seller is established;
- the rights of other property owners are infringed.
Vasilievich had to seek the advice of a lawyer. What to do, title insurance had to be bought separately, and our hero did not want to pay extra money!
Type 4. Insurance of collateral
The risk of loss or serious damage to movable (car, sophisticated equipment) and immovable (apartment, land plot, commercial real estate) property. Return is guaranteed here. bank funds in case of complete physical disappearance or irreparable damage due to a number of reasons.
The lawyer had to call on all his eloquence to convince the judge that Denis Vasilyevich did not break his arm. The judge left the mortgaged dacha to our borrower. The insurance company was also obliged to pay the poor fellow's loan contributions for another couple of months until he was completely cured.
More information about the mechanisms and principles of insurance - in the article "".
3.How to properly insure a loan - 5 easy steps
Of course, no one wants to increase the percentage of the loan with insurance. But, as we have already found out, there are compulsory types of credit insurance and voluntary, bordering on indispensable. In any case, in order not to be left without money and an apartment, but with an outstanding loan, there is a sense in this.
Now - step by step instructions.
Step 1. Choose an insurance company
As a rule, when concluding an agreement, banks offer their partners in the insurance market. But you should know that you have the right to choose your social security company. Remember where you were insured before? What are the pros and cons you learned from this agreement?
In any case, you should study the various offers and conditions. In order to attract customers, insurance organizations provide many benefits, bonuses or reduced payout percentages.
Most often, insuring each risk separately is more expensive than concluding package agreement, which includes all selected risks.
Step 2. Choose an insurance program
Most often, banks offer comprehensive insurance programs that include necessary and voluntary risks.
The benefits of such programs:
- insurance is issued simultaneously with the loan;
- the possibility of paying insurance in installments;
- no need to provide additional documents;
- registration in one place (saving time).
The downside is that the bank has its own list of insurance partners. And if you want to conclude a contract with a third-party insurance company, you can forget about the pros.
Step 3. We study the terms of the contract
When concluding a contract, we distinguish between insurance for individual risks and spectrum protection programs.
If you receive protection for individual insured events, this is usually compulsory services which cannot be waived under any circumstances.
Comprehensive programs include mandatory and voluntary credit risks. In fact, you will be prompted to choose which of the voluntary risks you want to include in the kit with the necessary ones. Here you need to pay attention everyone points at which you will receive reimbursement from the insurance company. If necessary, exclude or supplement the list of insurance cases.
Step 4. We collect the necessary documents
At this stage, everything is simple. If you decide to take a loan, then for insurance you will need documents that are already involved at the moment. The bank may ask for some additional information characterizing the borrower.
When insuring a loan for a legal entity, a mandatory full package of documents is required.
Step 5. We conclude an agreement
When signing a contract, you need to be firmly convinced that you understand all the points. If necessary, consult with a lawyer, find out additional details of the occurrence of an insured event. Find out in advance what certificates and documents you will need to provide.
The borrower needs to know the following:
- the sum insured can increase the loan up to 10%;
- monthly payments include the insurance premium;
- in the event of an insured event, payments can cover 90% of the loan amount.
And, finally, there are agreements concluded once and for the entire period of the loan. They cease to operate at the moment when the loan is repaid. And there are contracts that are renewed annually. This is especially true for contracts with compulsory types of insurance: if you forget to renew the contract, the bank may demand payment of the entire loan amount at a time.
We watch a video on the topic of the article.
4. Loan insurance on favorable terms - an overview of the TOP-5 insurance companies
We offer an overview of the 5 most reliable insurance companies in the Russian Federation.
One of the largest insurers in Russia. Has two laureate awards in the "Company of the Year" competition. Marked with gratitude from the President of the Russian Federation. It has more than 400 branches in the regions and a risk reinsurance system in large international companies.
The company offers 100+ types of services for private and legal entities. Consists of various non-profit organizations, which allows us to reveal our potential in various areas of development of the insurance business.
2) AlphaInsurance
An insurance company offering a wide range of insurance services. Received a number of commendations and awards. It has 270 regional offices throughout the country. The company has concluded reinsurance agreements with leading European companies.
It has the reputation and weight of the most reliable organization of social protection. Included in the association of insurance companies offering comprehensive programs for all kinds of insurance risks.
3) VTB Insurance
Leader in the insurance market financial risks and accidents. The main direction of the company is corporate protection of clients. Shows the best performance indicators among Russian companies.
Demonstrates a serious increase in productivity and diversity of services provided. Branches and offices of the company operate in more than 90 cities of Russia. Develops the direction of insurance in the field of banking capital.
The insurance group operates in 5 constituent entities Russian Federation. It has its own service of emergency commissioners (Moscow). Similar to previous companies, it offers a full range of services, but focuses on auto insurance development.
Additional advantages of the company include sufficient concentration, and due to this, efficient work in the covered regions.
5) Ingosstrakh-Life
Focuses on life insurance in the banking sector. Cooperates with the world's largest reinsurance organizations. Shows fast and steady growth. It has a package of various types of insurance and develops new life insurance services.
Due to flexible service programs, it offers a convenient and wide range of insurance risks according to the client's choice.
The table shows the market statistics of companies from our list:
№ Name work experience Market share, % Reliability Rating 1 since 1992 4,7 A++ 2 AlphaInsurance since 1992 9,1 A++ 3 VTB Insurance since 2000 5 A++ 4 since 1993 2,1 A+ 5 Ingosstrakh-Life since 2003 7,2 A++ 5. How is the return of insurance - 5 main stages
Do you need to pay back your loan insurance? Do you think it's easy? Not really! After all, you signed the contract, agreed with all the clauses, and the bank or insurance company will not simply refuse their money. Where to start?
Stage 1. Contacting a bank or insurance company
First of all, you need to make pre-trial claim in insurance organization. The answer must be received within ten days. In case of refusal or absence of a return letter, you should prepare statement of claim.
Don't forget to get notified when your application is received by the addressee!
It is necessary to further study the contract and check the clauses that say about early termination and refund. Remember that if you paid for the loan insurance more than 3 years ago, then you will not be able to return it due to the expiration limitation period.
Stage 2. Preparation of necessary documents
The following documents are required for insurance reimbursement:
- loan agreement (copy or original);
- identity document (passport);
- certificate of full payment of the loan (if such a fact takes place);
- application for termination of the contract and the return of the insurance premium (or its balance).
There are a number of nuances in this difficult matter. You should be aware that if insurance premium included in the package of services of the creditor bank, the payment is considered as a commission for the complex lending program. In case of early repayment of such a loan, the return of finances under insurance is not considered.
Stage 3. Appeal to regulatory authorities
If the appeal to the insurance organization did not give results, do not despair! There is a regulatory body for the protection of consumer rights - Rospotrebnadzor. We are trying to solve our problem without bringing the case to court.
This is where all our documents certified by a notary will be needed. We also attach payment schedules, checks and receipts, cash orders, payment orders and bank statements. In a word, everything that you have accumulated during the repayment of the loan. As well as your initial appeal to the insurance organization and the response of the latter (if any).
Be sure to have notification that your claim has been received by the insurance company.
Stage 4. Appeal to the court
If the pre-trial proceedings did not bring results, and the determination to return our own savings is stronger than ever, we go to court.
Once again, we collect all our documents in an armful and go to write a statement to the court. At this stage, it is advisable to consult with a lawyer in order to correctly state the essence of the application. You have the right to return the insurance if illegal commissions were imposed on you and if the loan was paid off ahead of schedule.
Stage 5. Receipt of insurance payments
Did the court take your side and oblige you to pay you illegally withheld funds? Start counting the days! Within 5-20 days, money should be transferred to your account. True, the term can be extended in a situation where the judicial result is appealed by the opponent.
6. How to save money on credit insurance - 3 useful tips for a beginner
Whatever it was, but you can insure a loan cheaper.
Since June 1, 2016, new rules for voluntary insurance have been in force in Russia, which also apply to credit insurance. The question - is it possible to refuse insurance on a loan after receiving it, worried borrowers before, but after the innovation, the situation became even more confusing. In this article, we will understand the current situation together, and you will also receive detailed instructions how to cancel credit insurance. If you do not want to understand the intricacies of the law on the return of insurance, we recommend that you use a simple test
If you want to return your money quickly and without red tape, you can use our service
The activities of banks and insurance companies are regulated by laws. The relationship between customers and the bank is regulated by the contract, and he - by law. According to the instructions of the Central Bank of Russia dated November 20, 2015 N 3854-U, insurers are obliged to provide for the possibility of refusing voluntary insurance within 5 days after the conclusion of the contract. This instruction also applies to credit insurance.
According to this directive, which fully entered into force on June 1, 2016, customers have the opportunity to terminate the insurance contract.
This is possible if no more than 5 days have passed from the date of conclusion, and also if an insured event has not occurred during these 5 days. Please note that the term - 5 days, is considered not calendar days, but working days.
This period is in no way tied to the payment of insurance, it is counted from the date of conclusion of the contract. Therefore, if you entered into an agreement, but paid only after 4 business days, then you have only 1 business day left to terminate it. The Decree of the Bank of Russia was registered with the Ministry of Justice under the number N 41072 dated February 12, 2016.
Provided to insurance companies Grace period within which insurers could prepare for the innovation. 06/01/2016 innovations fully entered into force. According to this decree, the insurance company is obliged to terminate the contract and refund the money within 10 days. The reimbursement amount is 100% of the amount paid, minus the days when the client was insured. For example, if you cancel insurance after 3 business days, you will be refunded the full amount paid for insurance, minus the cost of three days of insurance. Insurance is regulated by 935 articles of the Civil Code of the Russian Federation. It clearly states that life or health insurance is voluntary. 
Also on the side of the borrower and the law "On Protection of Consumer Rights". According to the letter of the law, no one has the right to associate the receipt of one service (loan) with the purchase of another service (insurance). 
If you were forced to have insurance and misled that it is mandatory, then you need to go to court and return your insurance
Read also:
There is only one exception - insurance mortgage lending. Therefore, it is important to understand which loan insurance can be canceled and which are mandatory.
The law states that life insurance is a voluntary choice of the borrower. It follows that insurance is optional. Unfortunately, the practice of obtaining a loan differs from what one would expect based on the law. In practice, it turns out that banks force their clients to voluntarily-compulsorily take out credit insurance. The innovation of 06/01/2016 protects customers, as it allows you to refuse the imposed insurance if you manage to do it within the prescribed time. Such imposed insurances most often relate to the following groups of loans:
Clients are imposed with life and health insurance, insurance against job loss, damage to property, and in the case of car loans - CASCO. All this is done with one goal - to reduce risks for the bank. Insurance allows you to nullify the risk that you will not be able to repay the loan if one of the insured events occurs. In Russia, insurance is perceived with hostility, but this tool can also secure the borrower.
Of the entire list of insurances, insurance for the acquired property against loss is mandatory. For example, when buying an apartment with a mortgage. In this case, the bank has the right to require you to purchase insurance, this moment is regulated by law 935 of the Civil Code of the Russian Federation and 31 articles from the law "On Mortgage". Life, work or title insurance are optional insurances, even if the bank insists otherwise.
The terms of the loan insurance are specified in your contract. So it's not hard to find them. It is possible that you will not be required to pay separately for insurance, as the bank will transfer the payment to the insurance company. An ideal option if you refuse insurance even before you conclude a contract. To do this, you need to find out all the terms of the loan before your signatures appear on the documents.
You need not only to ask the bank employee, but also to carefully study the contract yourself. For example, below is a consumer contract, according to which the client receives insurance. 
In such cases, you can try to cancel the insurance before the conclusion. Only in rare cases will this not affect the credit. The bank may refuse to issue, without explaining the reasons. But the real reason would be that you canceled the insurance. Another option - the bank will agree, but will offer you more high stakes. In this regard, the question arises whether it is possible to use the innovation in the laws to conclude an agreement with a bank on favorable conditions, and then cancel the imposed insurance?
Thanks to innovations - yes, you can refuse the imposed insurance. The cooling period is the name of the first 5 working days after the signing of the contract. Within this period, you can withdraw from the insurance contract. Including if this insurance is related to a loan. Banks come up with schemes that try to circumvent the law. For example, a bank may create one general collective insurance for all borrowers.
In this case, the borrower is not sold insurance, he is simply connected to the collective insurance system. It turns out that in order to terminate the insurance contract, the client needs to “disconnect from the system” of collective insurance, and not directly terminate the contract. The law does not apply to this type of insurance, and therefore, the client cannot terminate such insurance. It is expected that other schemes may appear in the future, as banks do not want to put up with these innovations.
Let's consider an applied example. You applied to VTB Bank for a loan to buy a car. The rate is 7.9% per annum, but it is valid only if you conclude a life insurance contract. If you refuse to conclude insurance, you may be denied a loan or offered a much higher annual rate. Having studied all the terms of the contract, you understand that you need a loan. The terms of the loan are as follows:
It turns out that insurance increases your credit by 6.24%, that is, by about 2% per year. This turns the real interest rate on the loan from 7.9% to about 9.9% per annum. According to the loan agreement, your insurer is VTB Insurance, an affiliate of VTB Bank. Let's assume that the bank approved the loan for you and you signed the contract on Thursday, December 1st.
Starting from this date, you have 5 working days during which you can opt out of the forced life insurance. It turns out that until December 8 (inclusive) you can send an application for refusal to the bank. 5 business days are counted from the business day following the day of signing the contract. To cancel insurance, you need to provide the bank with:
You can hand over the documents in person, but for this you will have to visit the office of the insurer. Documents can be sent by mail, but always by registered mail with a list of attachments. The first way is better, as you will get back most of the insurance premium, minus the days when the insurance was valid. The insurance period ends when the insurer receives your application. After you submit all the documents to the insurance company, compensation will be credited to your account within 10 working days.
Practice has shown that banks delay this procedure and exceed the legal limit of 10 business days. After this period ends, you can contact the insurance company with a new request and control the process. Reviews show that funds are returned within 1 calendar month.
Ideally, if you contact your insurance company, they will provide you with a sample application for cancellation of an insurance contract. You can make an application yourself. Be sure to include:
The date and your signature are also required. You can specify any reason for terminating the contract, including the simplest one: guided by the legislation of the Russian Federation, I use the legal right to terminate the contract within 5 working days from the date of signing. You can either use the following example of a termination statement: 
Most frequently asked question, he is also the main fear of people - can the bank terminate the loan agreement if you refuse insurance. Of course, that your refusal affects the risks for the bank, they increase. But if you have already entered into a loan agreement, then the refusal of insurance, made in accordance with the law, is not a reason for terminating the loan agreement.
It turns out that such a step should not lead to the fact that the bank will demand early repayment. There is also an opposite example. Some banks not only do not look for loopholes in the law, they go to meet their customers. For example, in some loan agreements Sberbank has a condition that the borrower can refuse insurance within 14 days after signing.
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Credit insurance is a measure to protect the bank from non-repayment of funds by the borrower. The insurance company reimburses loan payments if the insured person is unable to bear financial responsibility due to the occurrence of an insured event.
80% of Russian banks are interested in the fact that when applying for large consumer loans, mortgages and car loans, customers take out insurance.
Job loss;
Loss of health;
Damage to property and decrease in its cost.
In the event of an insured event, the company undertakes to compensate for the damage - in part or in full.
If, when obtaining a loan, the borrower takes out life or disability insurance, then in case of loss of work or health, he may not worry about repaying the loan. The insurance company will cover the debt. The main thing is to submit an application and prove the fact of the occurrence of an insured event.
About 60% of Russian banks, when calculating the amount of overpayment, take into account:
Loan amount;
client status;
Availability of insurance.
The rate automatically increases by 2-5 points if the borrower refuses insurance. Upon receipt of the policy, the rate is reduced by 2-3 points.
In 40% of cases, life insurance for loans is an additional condition. To issue life insurance or not - the borrower decides for himself. However, without it, it is impossible to get a loan for a large amount.
For the life and health of the borrower;
For property.
Life and health insurance allows you to avoid problems with the payment of a loan in the event of an insured event. If the borrower becomes unable to work due to an accident or illness, the company will take over the loan obligations.
Taking out life and health insurance is a time-consuming process. The insurance company will require a certificate from the client from the place of work, about the state of health and hobbies.
If the profession or hobby of a citizen is associated with risks, and the health certificate contains marks of serious illnesses, then insurance will be denied. Insurers do not provide social assistance to persons at risk.
In 60% of cases, insurance companies refuse to fulfill their obligations. To receive payment for damages, borrowers resort to the help of lawyers, banks and even courts.
Contact the insurance company with an application and documents that confirm the occurrence of an insured event;
Notify the bank to prevent problems arising from delays.
If the insurer refuses to pay, a lawyer and a bank can be involved in the proceedings. In 90% of cases, banks contribute to the return of insurance funds, as they are interested in repaying the loan.
In extreme cases, you can resort to the court. 80% of cases against insurance companies are resolved in favor of borrowers.
Check the correctness of the contract of life and health insurance of the borrower with a loan;
Insist on a refund clause for insurance if it has not been used.
An integrated approach to obtaining an insurance policy will save you from misunderstandings and protect you from problems associated with paying a loan.
