Housing lending refers to long-term types of agreements between the bank and the borrower. Any bank tries in every possible way to protect itself from the risk of non-payment of its customers on the mortgage.
The way to minimize this risk is the execution of insurance contracts, at first glance, beneficial only to the creditor. However, upon the occurrence insured event, the existence of such an agreement will protect not only the borrower himself, but also his co-borrowers and relatives.
The main types of mortgage insurance in Sberbank that have a significant impact on the terms of the loan are:
The procedure for collateral insurance for a mortgage is regulated by Art. 31 of the Federal Law "On Mortgage (Pledge of Real Estate)", according to which the borrower is obliged to insure the pledged property at his own expense, unless otherwise specified in the contract. Mortgage property insurance is mandatory and is issued for the entire period of validity loan agreement. If the client refuses to insure property, the bank has every right to refuse to conclude a mortgage agreement with the client.
Upon the occurrence of an insured event Insurance Company must pay the bank the full amount of the loan balance. Mortgage collateral insurance guarantees the return of funds to Sberbank and releases the borrower from loan obligations.
If the mortgaged property is damaged due to the fault of the borrower, there are no grounds for insurance payments.
A positive aspect is the guarantee of the insurer in reimbursement of unforeseen expenses.
Insurers offer two models of insurance for a mortgage loan: by the value of the acquired property or by the amount of the balance of the debt to the bank.
Life and health insurance with a mortgage at Sberbank is beneficial to both parties to the transaction: the lender minimizes the risk of non-payment of funds, and the borrower receives guarantees of partial repayment of the loan debt thanks to insurance.
Policy personal insurance with a mortgage from Sberbank, it is valid for 1 year. Renewal of insurance for the second and subsequent years is not necessary - the choice remains with the borrower.
The client should be aware that payments are not made in the following cases:
If the loan is repaid ahead of schedule, the borrower has the right to apply to the insured, present supporting documents and receive a surplus for the unused period.
Life and health insurance with housing lending at Sberbank is voluntary. Banks do not have the right to refuse a client who does not want to issue a personal insurance policy, however, they have legal leverage on the client in this matter, such as:
The policy includes such risks as: death, disability, serious illness, loss of work in case of illness or at the initiative of the employer. You can choose the risks at your own discretion, taking into account their set, the full cost of insurance is formed.
The lender's interest in concluding a personal insurance contract lies in the fact that in the event of an insured event, the insurer ensures the repayment of the balance of the mortgage loan at Sberbank.
All types of life and health insurance are carried out on the basis of Art. 16 of the Federal Law "On Protection of Consumer Rights".
If the insurance policy has already been issued, but the borrower decided to refuse insurance, then it is better to do this in the first month after the loan is issued.
In this case, the amount insurance premium will be refunded in full.
Acquisition of real estate through a mortgage loan in Sberbank implies compulsory insurance housing. With regard to other types of insurance, the borrower has the right to decide for himself whether he needs it. However, in the event of an insured event, the presence of a policy makes life much easier for both the borrower and the lender.
Individuals who have firmly decided to use mortgage lending products from Sberbank are probably worried about the question - is mortgage insurance mandatory at Sberbank? In the following, we will answer this question and provide the necessary recommendations.
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When answering the question of whether it is necessary to have an insurance policy when obtaining a mortgage at Sberbank, one should take into account the types of existing insurance:
Sberbank puts forward the following conditions:
An example is the Sberbank product “Acquisition of finished housing”:
For example, when applying for a mortgage for the purchase of finished real estate:
The base rate is 13.25%. If the borrower refuses to insure the risks of loss of health or life, the rate will already be 14.25%.
The same increase will also affect customers who, having already issued a mortgage product, violate its terms during the term of the loan agreement (for example, do not renew the insurance policy on time).
Newly mortgaged clients can take out both types of insurance directly upon signing the loan agreement.
You can renew policies that have expired directly on the Sberbank website. There are two products that customers can use:
The first product allows the borrower to extend the insurance policy, which provides protection against the risks of loss of health or loss of life, which was issued when concluding a loan agreement for a mortgage.
The second product allows you to extend the insurance policy issued to protect against loss or damage to property that is the subject of collateral mortgage lending.
To apply for a “Protected Borrower Online”, the following steps are required:
The insurance covers the following risks:
The size insurance compensation equivalent to the amount of the loan that still remains to be repaid. Thus, if the borrower draws up a policy after 2 years from the date of registration of the mortgage, and the remaining amount payable before the end of the housing loan period is 5,000,000 rubles, then the amount of insurance coverage upon the occurrence of the corresponding insured event will be 5,000,000 rubles.
The policy is valid for 1 year and comes into force 5 days after payment.
Just like for the previous product, it is possible to renew the property insurance policy against the risks of death or damage on the Sberbank website.
To complete this procedure, you must:
This product insures the following items collateral real estate:
The insurance policy covers the risks of loss or damage to an immovable object due to the occurrence of the following circumstances:
The insurance policy, just like in the case of life and health insurance, is valid for 1 calendar year.
Both insurance products do not require any paper documentation. All actions are performed online on the site.
The whole process looks like this:
At the same time, the policy received by e-mail does not even have to be transferred to the bank - the insurer will independently carry out this procedure as part of interdepartmental interaction.
Thus, to issue an insurance policy, only electronic data is required - all the necessary paper documentation has already been transferred to the bank when concluding a mortgage agreement.
The procedure, in general, will be very familiar to those who have encountered the design electronic policy OSAGO. Receipt principle electronic OSAGO is practically no different from issuing an insurance policy for these products of Sberbank.
Under the Protected Borrower Online program, the following tariff applies - 1% of the amount of insurance compensation under the insurance program.
Insurance indemnity is the amount that will be paid to the borrower upon the occurrence of the relevant insured event, stipulated by the agreement insurance.
That is, if the balance of the client's debt to the bank at the time of registration of the product is, for example, 3,000,000 rubles, then this amount will be the insurance indemnity paid upon the occurrence of an insured event (disability or death).
The insurance premium (the amount paid by the insured to the insurer for services) is 1% of the insurance indemnity. In the above case, the insurance premium will be 30,000 rubles.
Thus, when issuing a policy, the borrower will need to pay 1% of the amount that will be paid to him in case of loss of health or to the relevant persons indicated by him at his death.
The “Mortgage Insurance Online” product is subject to a tariff of 2.5% of the insurance indemnity. The calculation principle is the same as in the previous proposal - that is, for example, the client has to pay 2,000,000 rubles on a mortgage to Sberbank.
Accordingly, 2.5% of this amount will be 4500 rubles. Exactly this amount and will have to pay at the time of registration of the policy.
Benefits of taking out insurance:
Disadvantages of insurance:
As mentioned above, the borrower is not required to insure his life and health. The interest rate, if the client refuses to insure, will be increased by 1%.
In general, you should not give up the opportunity to insure. After all, the tariff for insurance is quite liberal - only 1% of the amount owed to the bank.
Refusal, not only will it increase the interest rate, but also will not release the client from liability to the bank in the event of various accidents.
Let's take a fairly simple example:
Mortgage payments can last several decades, during which time anything can happen to real estate. A variety of circumstances can lead to damage or even complete destruction of an apartment:
In this case, the insurance company is obliged to pay the bank the entire balance of the loan in full (you will find a list of insurance companies accredited by Sberbank for mortgages).
The procedure for insuring property that is the subject of a pledge under a mortgage is regulated by Article 31 of the Federal Law “On Mortgage (Pledge of Real Estate)”. It states that the borrower is obliged to insure the pledged property at his own expense, unless other conditions are specified in the contract.
Thus, real estate insurance for mortgages is a must. If the client for some reason does not want to purchase a property insurance policy, then the bank may refuse to sign the mortgage agreement for the client on completely legal grounds.
If the apartment was damaged or destroyed due to the fault of the mortgagor (borrower), then the insured event does not occur and the insurance is not paid.
There are also other types of insurance used when pledging real estate. It belongs to one of them. This type insurance is of interest, first of all, to the client himself, since, in the event of his death, the burden of payments will fall not on his relatives or other heirs, but on the insurance company.
The insurer undertakes to pay off the entire balance of the mortgage debt, and the apartment becomes the property of the heirs of the deceased. In addition, the borrower can insure against some other risks associated with non-payment or delay in the payment of collateral.
If the client receives a medical certificate confirming complete disability (disability), then the insurer pays the debt of its client in full and ahead of schedule.
The client will receive compensation from the insurance company equal to the amount of the required monthly payments.
All types of insurance related to the death of a client, loss of his job or health problems are carried out only on a voluntary basis, at the request of the client. This is stated in Art. 16 of the Civil Code "On Protection of Consumer Rights".
Article 16 of the Civil Code. Invalidity of the terms of the contract that infringe the rights of the consumer
The bank's attempts to impose additional types of insurance are quite understandable; with their help, a financial institution reduces its risks and increases income. If the client refuses to purchase an insurance policy, the bank may raise the interest rate.
But if the borrower is sure that he does not need additional types of insurance, he has every right to refuse them at the stage of signing the loan agreement by the parties. The problem is that in this case, the bank may not approve the loan without explaining the reasons, while not violating the law. Therefore, it makes sense to refuse insurance after the loan is approved.
Sberbank cooperates with several insurance companies (there are about 30 of them), and the client has the right to get acquainted with their full list.
If the insurance policy has already been issued, but the borrower decided to refuse insurance, then it is better to do this in the first month after applying for a loan.
In this case, the amount of the insurance premium will be refunded in full. To do this, you just need to submit an appropriate application to the Sberbank branch and present your passport.
Time limit for such an application does not exceed 30 days.
If the application was submitted later than a month after the signing of the contract, then the funds can be partially returned. If the bank refuses to return the insurance, the client has the right to file an application with the court. Can insurance be refunded? early repayment a loan at Sberbank, read.
The term of an insurance policy of any kind is one year. Since real estate insurance for mortgage lending is a prerequisite, it is necessary to renew such a policy every year. Accordingly, when the second year begins, you will have to do it yourself. As for voluntary types of insurance, here the client has the right to choose whether to extend the insurance or not. However, it should be remembered that in this case The bank can raise the interest rate by 1%.
You will find options for obtaining mortgage insurance at Sberbank for each year.
It is important to know about the cost of insurance. Read our articles on where to get life and home insurance for a mortgage at Sberbank, what affects apartments and lives, and how much it costs.
The obligation to regularly pay insurance premiums is prescribed in the contract, and the personal signature of the borrower gives it legal force. If payments stop coming, then during the first month the bank will remind the negligent client about overdue payments using phone calls and SMS messages.
The guarantor of the borrower can also become the object of notifications. If payments are not received for more than one month, the bank may apply a number of enforcement measures.
As a rule, when applying to the court, the bank requires immediate and full repayment of the debt. However, this is only possible if such a clause was specified in the mortgage agreement. As for fines, their amount can significantly exceed the amount of insurance payments. Hence the conclusion: violate the clauses of the contract - it's more expensive for yourself.
Real estate insurance when purchasing a home with a mortgage is not only necessary, but also useful, as it guarantees the parties an easy way out of difficult situations. As for other types of insurance, each borrower has the right to decide for himself whether he needs it. In any case, the bank does not have the right to impose any type of insurance other than insurance of the property itself.
How to save money on a mortgage at Sberbank can be found in the video:
According to the Mortgage Law, life insurance is a mandatory condition for its provision. The insured is the title co-borrower, the one whose name appears in credit documentation first.
Maintenance costs include a number of components. No exception - the corresponding loans in the Savings Bank of Russia: life insurance when applying for a mortgage here may require some expenses.
Insurance is a way to reduce the risks of a sad development of events. Mortgage insurance in Sberbank of Russia is a guarantee that bankers will receive everything due to them in the event of:
The answer to the question of whether it is mandatory to insure life and health with a mortgage, Sberbank of Russia gives in accordance with Russian legislation. This service is voluntary and cannot be imposed on a client applying for a mortgage loan. This is enshrined in the relevant legal norms of the Russian Federation. Therefore, life insurance in Sberbank with a mortgage (as opposed to insurance of collateral) is an optional procedure.
Important! If the client refuses insurance, the bank needs to compensate for its risks in a different way. In relation to a number of credit programs, this is embodied in an increase in the interest rate. Often, this item is written directly in the contract concluded between the bank and the borrower, applying for a mortgage loan.
You can argue for a long time about whether this measure is a hidden "imposition", but the fact remains - most often, when refusing insurance, the client overpays for mortgage loan interest. And in the case of the most "budget" credit programs(such as) this principle applies without exception.
Most often, in the standard mortgage agreements of Sberbank of Russia, a clause is prescribed, according to which the client's refusal from life insurance leads to the fact that the loan rate increases by 1%. It should be borne in mind that the cost of life insurance with a mortgage at Sberbank of Russia will also cost 1% of the amount of the outstanding loan body (if you contact Sberbank Insurance). It may seem that the absence or presence of a policy does not fundamentally change anything in terms of costs. But in fact, the client at least receives some security in case of force majeure.
Paying off a mortgage is a long process. A lot can happen to a borrower over decades, and insurance is the assurance that the bank's client will not be left without support. The recipient of insurance payments in the described case is the bank, but the payments cover the debt of the borrower, allowing him to pay off the loan and keep the property in his property.
The question is completely different if at the time of the mortgage, the borrower has already insured life and health. The problem is that this insurance can also be uncontested (as an option, be included in the social package provided by the employer). In such a situation, what matters is which insurance company serves the client of Sberbank of Russia.
If a mortgage agreement is being refinanced, the name of the beneficiary must be replaced in the insurance agreement. In such a case, it is made new policy. The service may require additional financial costs.
In the event of an insured event, both Sberbank and the insurer must be notified. Having received confirmation of the death of the insured or the loss of his ability to work, the insurance company repays the mortgage. For the insured (other co-borrowers, his heirs), this means that the subject of pledge can be removed from the encumbrance and freely dispose of it (sell, inherit).
If the insured event occurred in relation to the second (uninsured) co-borrower, then there will be no compensation from the insurance company.
Where to insure the mortgage of Sberbank of Russia, as well as the life and health of the borrower, is the most controversial question. Very often managers financial institution insist that the policy must be issued by Sberbank Insurance. This is fundamentally wrong.
Attention! Registration of insurance when concluding a mortgage agreement can be carried out in any insurance company accredited by Sberbank of Russia. At the moment, there are 17 of these who are ready to insure the life and health of the bank's customers.
Carefully study all the proposals - a reasonable decision. The fact is that the tariffs of the insurance company Sberbank Insurance very often turn out to be far from the lowest. You can also find out the prices of companies:
If among the accredited insurers there was no suitable one, you can turn to another, but you need to provide additional documents. Bank services will consider papers within 30 days. There is a risk that the acceptance of a policy from such an insurance company will be refused.
Sberbank Life Insurance and Sberbank Insurance are subsidiaries. Both insurers provide mortgage life and health insurance.
Advantages:
Flaws:
VSK is a long-term partner of Sberbank.
Advantages:
Flaws:
Zetta Insurance is the former insurance company Zurich.
Advantages:
Flaws:
The presence of life and health insurance does not actually allow you to save: approximately the same amount will be spent either on paying interest on a mortgage on increased rate or to pay an insurance premium. However, in the latter case, the borrower receives financial protection in the event of a difficult life situation.
Most insurers state that the amount of the insurance premium is directly related to the amount of the mortgage balance.
But in practice, borrowers can find out about the real cost of the policy only by directly visiting the office of the insurer, since in the calculations, authorized employees apply adjustment factors that increase the base rate, although under certain conditions they can provide a discount.
An analysis of programs (at the time of this writing) showed that when applying for a mortgage loan, it is realistic to insure your life and health for 0.5% of the size of the unpaid loan body. Some insurers are ready to provide a "package of policies" that insures both the borrower and the purchased property. This combination of two insurances can be especially beneficial. Specific figures depend on the age of the insurance client, his state of health, profession, lifestyle.
Even if the insurance contract has already been issued by the client in any insurance company, then the extension of mortgage insurance in Sberbank of Russia is possible in any company listed above. There are no exceptions to this rule! If they are trying to impose the services of a particular insurer on you, you can safely appeal against such actions with higher-level managers, up to the bank directorate. Before you “search for the truth” and contact the management of a financial institution, you should make a written request addressed to the manager whose actions you did not like. Very often this removes all conflicts, and the position of the clerks of the Savings Bank of Russia on a particular issue changes dramatically.
At the same time, you should not count on the fact that a simple non-renewal of the annual insurance contract will go unnoticed. Most often, in such a situation, bankers reserve the right to recalculate the rate and successfully use it. It's unwise to take risks like that. Moreover, insurance can be issued inexpensively, and the total costs after the cancellation of the policy and the increase in the rate will clearly increase.
It should be borne in mind that under a standard insurance contract, a number of situations are not recognized as insured events: damage that the insured received as a result of illegal actions, injuries resulting from the fact that the client of the insurance company was driving while intoxicated, the detection and exacerbation of diseases that existed before the purchase of the policy, drug and alcohol poisoning, injuries of professional athletes that occurred during training and competitions, injuries received during time of managing private air transport and other aircraft. Some categories of borrowers can be insured only in case of death:
If you managed to insure life and health at a rate below 1% of the amount of the unpaid loan body per year, then you can be sure that in the case of a mortgage at Sberbank of Russia, this is a good deal. It will help to conclude profitable mortgage agreement with a bank and not worry about your future.
When you apply to Sberbank for a housing loan, you may be offered life insurance under the Protected Borrower insurance program. What is it, how much does it cost and do you personally need it?
The first thing you need to understand is that life and health insurance is not required for a Sberbank mortgage. You have the right to refuse this service. Unfortunately, borrowers are often faced with a situation where Sberbank managers insist on taking out insurance, and require them to purchase a Protected Borrower policy from Sberbank Insurance.
To remove the unreasonable demands and claims of the manager, you can address him to the Sberbank website, where it is directly stated that voluntary insurance life and health is not a prerequisite for obtaining a loan.
In the event that you continue to impose a service, you may require to provide you with reasons for refusing to pay (loan) in writing. With this written response, you can apply to the management of the bank or to the court.
You should also understand that the manager of Sberbank does not have the right to oblige you to conclude an agreement exclusively with the credit institution of Sberbank itself. Alternatively, you can consider different options and find out the insurance conditions from other insurance companies accredited by Sberbank. Below is a list of these insurance companies.
For comparison, we present here the rates of the company SK " Sberbank insurance»:
Life and health insurance of the borrower is 1.99% of the sum insured equal to the loan; life and health insurance in connection with involuntary job loss is 2.99%; life and health insurance with independent choice of parameters -2.5%.
Get to know the template insurance policy"Protected borrower" company LLC IC "Sberbank life insurance" you can on the official website sberins.ru
The same services can be provided to you by Sberbank mortgage life insurance partners.
LIST of accredited insurance companies of Sberbank for life and health insurance of borrowers (partners):
The cost of the policy with these insurers can be much lower. At the same time, a 1% reduction in monthly payments on a loan taken from Sberbank should be provided to you, regardless of where you are insured. If you require a sample loan agreement, it should be written in a separate paragraph there.
AT last years borrowers are increasingly using this service to reduce risks and the loan rate by 1%. Sberbank raises the rate by exactly 1% if you do not have an activated policy for your life and health insurance. If we take into account the term of all further payments, which can exceed 20 years, this is a significant reduction in overpayment.
If at least one of these circumstances occurs in the life of the client, then the insurance company must return the balance of the loan to the bank and repay part of the debt or the entire debt for the borrower. In addition, the insurance organization may consider spending part of the funds on treatment. mortgage borrower. The bank will also be interested in this, for which it is beneficial for the client to restore health and continue to make payments. In the event of the death of the borrower, the burden of repayments can lie heavily on the shoulders of close relatives. Therefore, voluntary life and health insurance when obtaining a mortgage is a reliable tool for securing loan obligations for both the borrower and the bank.
Beneficiary, that is, the recipient of the funds accumulated under the insurance will be assigned to those who draw up the insurance. It can be your authorized representative, relatives or a bank. In different cases, you can order in cash differently. But in any case, your contributions are not subject to seizure and are not divided upon divorce. You must understand that voluntary life insurance is your personal choice, and in this case it is better to appoint yourself and your loved ones as the beneficiary. At the same time, under a real estate insurance contract, the bank remains the beneficiary until you pay off the mortgage.
Many people, faced with such problems, subsequently blame the bank or bailiffs for the seizure of their property - housing at the most difficult moment of life, when they lose their breadwinner.
It should be understood that property insurance and borrower life insurance are two different things. Life insurance programs are aimed at protecting the borrower and his family members.
The cost of the policy is calculated based on the amount of your loan. Or from the amount that you have left to repay on the loan, if you acquire it after the conclusion of the loan agreement at the stage of payments. The policy may be valid for 12 months, and may also be for many years. If necessary, the insurance company may send you for a medical examination. To calculate the amount of the monthly premium, you need to go to the website of the insurance company you have chosen and study all the information on mortgage life insurance. And contact the consultant for clarification of all the details.
Most often, you can issue a policy either online or in person at the office of the insurer. All major companies have offices in most major cities. When applying for a policy through online cabinet, you may be charged an additional fee of approximately 2 thousand rubles.
There are many different life and health insurance programs. Each insurance company offers its own. When purchasing insurance, you can consider a variety of life and health insurance programs. For example, "Virus.Net" or "Tick-borne encephalitis". But these programs cannot help you get a loan from Sberbank.
Here you need to understand that the bank is only interested in those insured events that are related to your ability or inability to make monthly payments. Ingosstrakh, for example, offers the following borrower life and health insurance programs:
Temporary incapacity for work, disability of group I or II or death of the borrower/co-borrower due to an accident or illness.
More information about existing mortgage insurance programs can be found on the Ingosstrakh website: ingos ru
If a disaster occurs and your situation fully matches the description of the insured event in your insurance contract, you or your loved ones should immediately contact your insurance organization, call on hotline and report what happened. Then download from the site and fill out an application. Collect all documents on the terms of insurance. Send all documents and application to the office of the insurance company and to the office of Sberbank.
