IC "Sberbank Life Insurance": capital investment, terms and rules of insurance

Life insurance is the protection of the property interests of a person connected with his life and death. This is a long-term and cumulative form of investing funds. This service on the market is offered not only by professional participants, but also by credit institutions, in particular Sberbank.

About company

LLC IC "Sberbank Life Insurance" was founded in 2014. This is a subsidiary of PJSC "Sberbank", which specializes in the protection of property rights. At first the company offered projects of accumulative and investment life insurance, and then there were programs of voluntary protection of citizens' health.

To date, the company is among the top three in the market. For 9 months of 2015 the volume of received premiums amounted to 30 billion rubles. Of these, 18 billion rubles. Collected on long-term accumulation and investment insurance. Reserves and assets amounted to 55 billion rubles. And 63 billion rubles. respectively.

The insurance company Sberbank Life Insurance offers its clients protection services:

• Any property of individuals and legal entities, other than vehicles and agricultural machinery;
• Civil liability;
• Business risks;
• Financial risks;
• From accidents;
• health insurance.

The scheme

The movement of funds under the life insurance system in a simplified scheme can be represented as follows.

The policyholder makes a monthly payment on the basis of the terms of the insurance contract. These funds the company within 10-20 years undertakes to invest in order to receive an annual income of 14-17%. It is important to understand that the promised reward is calculated not by the formula of compound interest (ie, with capitalization), but by a unique technique that is known only to the insurer.

The received funds first fall into the reserve, that is, they are invested in a bank deposit, in property or shares. Of the earned profit of approximately 15-20%, the insurer leaves all its expenses, and 80-85% transfers to the client.

In general, investment and funded insurance is not designed for profit. These products are designed to provide financial assistance in case of health problems. Cumulative insurance programs cover such risks:

- survival before the end of the contract;
- death (for any reason);
- Disability of the first group.

Tariffs for this product vary within 5-10% of the payment amount. They depend on the age (the older the policyholder, the greater the risk), the sex (women live longer than men), the set of risks for the chosen program (death only, surviving until retirement, getting a disability group).

Credit insurance is a topical product on the market

Since 2014, Russians have the opportunity to abandon the insurance of consumer loans. It is not advantageous for banks to raise the rate on loans issued, since it will affect the cost of the loan. The larger the latter, the lower the level of capital adequacy. Although under the legislation the existence of an insurance policy is not a prerequisite for issuing a loan, in practice it is very difficult to refuse it.

With the introduction of amendments to the law on consumer credit, the number of complaints against imposed insurance has decreased. From one sold policy, the agent bank receives 50-70% of the value. This is a significant source of income. Therefore, it is not surprising that professional market participants are slow to return money for life and health insurance. Sberbank and other major lending institutions still comply with the terms of the deal. But the terms for making decisions are different for each bank.

Within two weeks after signing the contract, the client has the opportunity to terminate it unilaterally without loss of investment. This service is available to users of investment, storage and box products. Such rules are in effect at Sberbank Life Insurance. The application is accepted only in writing in the branch of the financial institution. But the statistics show that there are not so many willing to terminate the deal - only 3%. This is due primarily to problems that may arise from the client in the event of an insured event. The second reason is that customers are late applying this application to the company.

Why is this happening?

The Sberbank Life Insurance Company, like any other professional market participant, can return the entire amount paid to the customer only until the contract comes into force. Otherwise, the insurer will have tax consequences. The only way to avoid them and at the same time comply with the legislative requirements is to postpone this moment. The client concludes the contract, the policy pays, but the service begins to act after a while.

The situation in the insurance market

Return money paid for the policy of IC Home Credit Insurance, Renaissance Insurance or Regional Insurance Company, can also customers HCF-Bank. If the client changes his mind within 30 days after signing the contract, he can receive 100% of the cost of insurance. The funds are returned to the account and immediately sent to repay the loan. Money not subject to insurance policies can not be refunded.

A similar service is offered by Promsvyazbank and Binbank. But in both credit institutions the share of repayment is small. Alfa-Bank is only preparing to introduce this item into voluntary insurance agreements, but at the same time is going to provide the client with meditation for 14 calendar days. But VTB 24, the RSB, the Bank of Moscow, and KhMB Otkrytie do not consider this option at all.

The minimum percentage of cancellation of credit insurance is the norm. In the face of increasing demands on borrowers, lower demand for loans, this option can attract new customers. "Cooling period" is provided by banks, whose borrowing rate does not depend on the availability of the policy, and for which the commission from the sale of insurance is not the main source of income. This option will improve the image of both the bank and the insurance company, since it reduces the likelihood of claims.

Sberbank: life insurance for mortgages

Potential borrowers are interested in the issue of protecting life and health when applying for a home loan with government support. Such programs operate at a reduced interest rate of 12%. If the client refused to take out life insurance, then the bank's income is increased by 1%. Of course, you can return money for the imposed service and during the program, but even in this case the rate will increase to 13%. The same concerns the termination or non-renewal of insurance for the next year. All these conditions are prescribed in the loan agreement.

However, personal insurance has long been not perceived as an additional way to deflate money from the client. Moreover, in the presence of an agreement on the protection of property interests, you can apply for a mortgage at 11.4%. But there are many questions about the terms of the deal. The fact is that you can apply for a service only at Sberbank Life Insurance LLC at a relatively large interest rate of 1% of the loan amount. That is, if a client buys an apartment for 3.5 million rubles, making a first installment of 1.5 million rubles, then he takes 2 million rubles in debt. The insurance premium in the first year of operation of Dogora will be 20 thousand rubles.

But how really?

In fact, it's easier to insure life in any company accredited by the bank. On the ground, managers prefer not to talk about it for various reasons: from incompetence to material interest of employees. To find out with what other companies the financial institution cooperates, it is possible at the office. Site. Life insurance for mortgages in Sberbank can be issued in 16 companies: VSK, Absolut Insurance, VTB Insurance, SOGAZ, Zetta, RESO, Ingosstrakh, Rosgosstrakh, NASCO, Renaissance, PARI, Adonis, Sterkh, Spassky Gates, RegionGarant, and Surgutneftegaz. Tariffs can differ in a greater or lesser side. If the employees of the Savings Bank refuse to accept such a policy, demand from them a written refusal.

Attractiveness of investment insurance

The program of investment of funds from the company "Sberbank Life Insurance" offers services for the simultaneous protection of investments with their investment in various assets in the Russian and world markets. A bank deposit brings a stable but low income. Mutual Funds offer more interesting opportunities for generating income, but with greater risk, and their guidelines have shifted towards more experienced investors. Therefore, the attractiveness of the investment program from Sberbank Life Insurance increases. Customer testimonials confirm this.

Conditions

IC "Sberbank Life Insurance" has in its line of investment product. When paying a fee, part of the funds are sent to classical instruments (bank deposits, government bonds), and the balance is invested in the asset selected by the client. But within the framework of this program the risk of non-receipt of income rests with the customer. Conservative instruments are an additional protection from Sberbank Life Insurance. The client will receive a refund of money, or rather, the initial amount of investments, even if the asset selected by him is completely depreciated.

The program is long-term. If desired, the customer can terminate the term of the contract. In this case, he will receive a ransom amount. On the market, recessions and ups are constantly alternating. The chance to earn an income is higher on average terms. Successful market conditions can change at any time. In two or three years after the start of investment, you can change the underlying asset without any deductions.

IC "Sberbank Life Insurance" investment product in its line does not position as an alternative to the deposit. It is aimed at customers who already have a deposit in the bank that covers quarterly income. Anything can happen in life. And getting out of a long-term investment because of a temporary loss of work and wages is illogical. But to keep the annual budget in the bank on deposit is also wrong. Such an investor may have an interest in obtaining additional income.

Just for such people, the investment program is oriented. The client can independently choose any asset in the Russian and world markets. Moreover, the participants of the program have one more important advantage - preferential taxation of the received income. Customers who have concluded a life insurance contract for a period of five years through Sberbank are entitled to a personal income tax deduction. The tax is accrued only on the part exceeding the income at the refinancing rate.

International Health Insurance

The company "Sberbank Life Insurance" offers its customers a new product for protection from critical diseases with the opportunity to undergo a course of treatment abroad. This will allow clients to take advantage of the experience of specialists from leading world clinics and cover the costs of medical care during the treatment of dangerous diseases, rehabilitation, preventive examinations, and obtain expert medical advice. The main advantages of the service are a wide range of risks, countries in which treatment can be treated, and a new service.

International medical insurance allows you to get help in situations when the standard VHI policy does not work: cancer treatment, surgical operations, rehabilitation after organ transplantation. The program provides for the conduct of professional examinations abroad. The policy also covers the treatment of diseases that were discovered by the client even before the conclusion of the contract (but not earlier than in 2 years), as well as at the end of its validity. In addition, the client can purchase other packages of services abroad.

The international life insurance of the borrower (Sberbank) allows clients to undergo treatment in leading world clinics:

• In Germany, Israel, Spain, Turkey, Russia - treatment of oncological diseases and surgery;
• In any country - transplantology;
• In Israel - rehabilitation and palliative care.

The "all inclusive" approach within the framework of the insurance program provides not only the receipt of payment, but also a wide service for the organization of the treatment process, the client's travel, and also his support abroad. A high-level service is provided around the clock. Firstly, before, during and after treatment, a consultation is given over the hotline phone. Secondly, the cost of the program includes the cost of air travel for the client and his escorts to the clinic abroad. In times of severe illness, psychological help is important.

The program is valid for 5 years. The conditions provide for the possibility of an annual extension of the contract. The annual limit of the sum insured per person is $ 1 million with the possibility of a threefold increase. Because of the wide geographical coverage, the policy is issued only in US dollars. The maximum age of the client is 65 years. There are preferential programs for clients who make out a contract for the whole family, consisting of 5 people.

Pokemon insurance - a new product on the market

Pokemon is a character from the new mobile game Pokemon Go. It was developed not only by gamers, but also by bankers. "Rocket Bank" was one of the first who launched the Pokemon catcher insurance program. For the "caught" from the bank's branch of the character, cardholders received 50 rubles each for a bonus account.

To this idea the other day joined Sberbank. He opened a special website for players with addresses of 28 modules attracting cartoon characters. The management of the financial institution expects that it will be able to attract enthusiastic gamers to the branches. If during the capture of one of the Pokémon, the client will be injured, Sberbank Life Insurance LLC will pay him insurance for a maximum amount of 50 thousand rubles. You can apply for participation in the program directly from the site.

To further interest gamers, Sberbank is conducting an action "Always in touch". Cardholders can activate AutoPay until August 18, replenish the account at least once - and then, if the Pokemon is captured, the credit institution will charge 500 "Thanks" bonuses to the player. In addition, the client will need to send a screenshot and mobile phone number in the LAN to the Sberbank community in Facebook or "VKontakte".

"Tinkoff Bank" offered its terms of the action. Each customer who has issued a credit card Tinkoff Google Play, the credit institution will charge 2000 bonuses. They can be paid for any purchases in the online store, including in the game Pokemon Go (1 point = 1 ruble). The game already provides cash-back gamers for all purchases on Google Play (10%), in restaurants (2%) and for all other purchases (1%).