Is life insurance required for mortgages at Sberbank? What a borrower needs to know about life insurance for a mortgage Life insurance for a mortgage.

Banking structures convince mortgage borrowers that life insurance will significantly reduce the risks of losing the purchased apartment.

Dear Readers! The article talks about typical ways of solving legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:

APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and WITHOUT DAYS.

It's fast and IS FREE!

On the one hand, this is so - in the event of the death of the borrower, no one will evict his family from the apartment if payments on the mortgage loan are terminated.

On the other hand, bank customers are not always ready to incur additional costs in the form of purchasing voluntary insurance policies.

To understand how profitable such a secondary purchase is, you need to study at least a few options for offers from insurers.

This is an obligation or you can refuse

Financial institutions issuing mortgage loans can also take advantage of borrowers' ignorance, their legal illiteracy, to impose the types of insurance that are beneficial to them.

But Russian legislation clearly defines the procedure for registering a mortgage, which also indicates the mandatory types of insurance coverage.

Policies against the following risks are subject to mandatory purchase:

We see that there are no policies that provide protection in the event of a threat to the life of the borrower.

In addition, voluntary types of insurance have been approved by the official legal provisions and norms prescribed by the Central Bank of Russia, from which it is quite acceptable for borrowers to refuse.

The dubious legality of mortgage insurance is confirmed.

It is in this regulatory document that a list of all types of policies that can be waived is given, including the issue of life insurance of the borrower.

You can refuse only if the established deadlines are observed - 5 working days, starting from the day of signing the agreement, purchasing the policy.

List of insurers and their conditions

Do not forget about one precaution - if you intend to get final approval on your mortgage application, then in case of your insufficient income level, you should nevertheless agree to the terms of the bank and accept the offer to insure your life.

Otherwise, either a refusal or an exorbitant increase in interest rates awaits you.

Refusal may be in the event that you are not able to provide a guarantor or a second pledge under a loan agreement, the income is small even when combined with the earnings of your spouse.

And this is not surprising, because any comprehensive insurance when issuing a mortgage to clients is a guarantee to the bank that the loan will be repaid in any case, no matter what happens in the life of the borrower.

If you do not want to receive refusals from banks on mortgages, or an increase in interest rates - agree to, which is included in the comprehensive insurance that accompanies this type of loan.

All the same, you can refuse this insurance within 5 working days - but you will receive approval upon application and will have time to sign a loan agreement with a bank with convenient interest rates.

True, when signing an insurance contract, you will still have to pay the amount of the cost of the policy, or part of it. But it is returned to you by the insurer after your refusal statement.

Consider in a special table the conditions of some insurers who sell policies for the risk of damage, harm to life, health of the borrower in mortgage lending.

Conditions of different insurance companies providing services to protect against risks of threat to the life and health of the borrower:

Insurer name	The name of the program	Payout limit, rub.	Policy validity period	Insured events
VTB Insurance	"Personal protection"	Up to 1 million	1 month - 1 year	Borrower's death, disability or long-term illness
Sberbank	"Protected borrower"	Up to 1-2 million	12 months	Death and disability of the client
Sogaz	"Money box" "Sure start" Confidence Index	Individually More than 2-5 million Up to 400% of contributions	3 months - 1 year 1-5 years old 3-5 years	Wide range of insurance claims
AHML	Borrower's life and health insurance	From 650 thousand	1 year	Life insurance,
Ingosstrakh-Life	"Family", "Garant", "Horizon", "Capital", "Axiom", "Golden Key"	Up to 100% of the amount of insurance premiums or the cost of the mortgage	1 year - the entire period of the mortgage	A wide range of services, including savings systems with redemption amounts
VSK	Borrower insurance for a mortgage	Individually	12 months either for the entire period of the loan	Life and incapacity for work of a bank client
RESO Guarantee	"Capital and Protection"	Individually	5-30 years	The accumulative system operates Injury due to accident Customer life

Mortgage borrower life insurance Sberbank

In PJSC "Sberbank" you can pay for insurance in two ways. The first way is to pay it in a one-time payment along with the payment of the down payment on the mortgage.

The second way is to repay the amounts on a monthly basis together with the amounts on the mortgage schedule. In this case, two repayment mechanisms can also be applied - annuity and differentiated payment.

In the first case, the entire cost of insurance is split into equal shares and scattered over the mortgage loan.

And in the second case, every month the amount of insurance premiums decreases, although they are included in the mortgage loan schedule.

Sometimes Sberbank also makes concessions to its clients and allows them to pay for insurance on a quarterly basis. To do this, you just need to immediately warn the bank to include such a condition in the mortgage agreement.

Then, if the insurance is canceled, the client will simply be refunded the amount that was already paid to them.

Termination of a life insurance contract for a loan should always take place with the agreement of the lender himself.

Therefore, it is necessary not only to apply for a waiver of insurance, but also to notify the bank about it.

He will not change the interest rates, because the contract with you has already been concluded for the mortgage, but then he will have to make sure that other types of payment guarantees can come from you instead of insurance (for example,).

Insured events in Sberbank PJSC are the following situations that may arise during the mortgage period in the life of the borrower:

Death of the client naturally.
Death of a client as a result of an accident.
Damage to health, or its natural violation due to other factors, when the borrower is no longer able to continue to pay the mortgage.
Partial or complete temporary incapacity for work - deterioration of health, injury, damage to health due to accidents.

In the first two cases, the insurer covers the entire remaining debt on the mortgage issued to the deceased borrower.

Thus, an apartment, house, dacha or other real estate remains to the relatives of the deceased, and they can enter into inheritance rights by law, registering the property properly in Rosreestr.

Comparison of insurance companies, where conditions are better and more profitable

Each bank cooperates with one or another insurance company, therefore, during the interview, the client will be offered a choice from the general list of insurers.

Nevertheless, according to experts at the beginning of November 2020, insurance companies such as SOGAZ, Sberbank, VTB and Ingosstrakh are considered the most profitable in terms of tariff rates.

In addition to tariffs, these companies also have a very large list of insured events, which is beneficial to the client according to the criterion - "the more risks to insure, the better."

Since August 2020, AHML has been constantly experiencing incomprehensible failures in its work - either he withdraws his own, then not.

The cost of the service from different companies

The setting of tariffs for the sale of insurance policies for the risk of threat or damage to life and health is influenced by a lot of different factors.

The Russian government, the Central Bank or other coordinating state bodies do not set any tariff corridors here, as, for example, is practiced when forming a pricing policy for compulsory motor vehicle insurance ().

In this case, insurance companies act at their own discretion and make settlements in accordance with their rules.

Moreover, even the cost of the policy may differ between the customers themselves, the citizens who buy it. The following points can affect the price:

the age of the policyholder;
the gender of the policyholder;
where does the client work;
how the medical board evaluates the client's health;
whether the user has any chronic diseases;
at what level is the financial condition of the borrower and, in the aggregate, the income of the whole family;
what is the total amount of the mortgage loan;
whether the client has other types of policies.

It is necessary to take into account one more detail that if a client is found to have chronic diseases, or a deterioration in his health condition in an irreversible way, insurers may refuse to provide him with theirs.

In total, the amount of such insurance is usually at least 0.3-2% of the principal amount borrowed from the bank for the purchase of real estate.

If such a guarantee is connected for a mortgage, then you will not need to use a loan guarantor, or provide the bank with an additional one.

Because if there are insurance guarantees, the bank may be quite enough of them to make sure of the timely and stable repayment of the loan in the future.

We propose to study the rates of different insurers for the protection of borrowers when obtaining a mortgage for risks that threaten the life and health of the client.

Tariffs from different companies for policies on the risks of the borrower's death, disability or illness that prevents him from paying the mortgage:

Insurance company name	Name of the key insured event	Policy rates - percentage of the cost of the mortgage
Sberbank	Life and disability The life of the borrower, his health and the forced loss of his working capacity With the possibility of additional selection of insurance parameters	1,99% 2,99% 2,5%
AHML	Borrower's life, health	0,7-1,5%
Sogaz	A wide range of insurance claims	0,5-3%
VTB	Borrower's life and health insurance	From 0.95%
Ingosstrakh	Large package of services and many different programs	From 0.75%
VSK	Life, disability of a bank client	From 1.5%

What is the package of documents provided upon registration

There is no difference in which bank you buy real estate on a mortgage loan, the procedure for issuing an insurance policy for the risk of threat or damage to life will be the same.

The package of papers is also provided for all cases the same and represents the following list of documents:

an application filled out by the borrower himself;
filled in by the person who writes the application (sometimes this document is combined into one with the application form);
the borrower's civil Russian passport;
a copy of the mortgage contract with the bank;
the conclusion of the medical board (at the request of the insurer).

Most insurance companies are not required to present a health certificate from doctors at all. But then they raise rates when pricing the client's policy.

But if you prove by documents that you do not have any serious illnesses and you are healthy, then you can count on a significant decrease in interest when tariffing the cost of the policy.

When you conclude an insurance contract, pay attention to the following important details:

What insured events are taken into account.
There should be a clear, intelligible and understandable list of insured events.
The validity period of the policy must be indicated. Ideal if the term will coincide with the term of the mortgage agreement.
Interest on the amount of the mortgage.
Detailed information on how, in what volume and procedure you need to make insurance premiums.

When an insured event occurs, the borrower or his relative are obliged to inform the insurance company as soon as possible.

In general, you should always be guided by the instructions written in the insurance contract itself, so as not to violate any deadlines.

It is imperative to report the occurrence of a case in writing. Who pays if the borrower dies is also specified in the insurance contract.

Usually these are the next of kin, who will have to collect the proper package of papers confirming the occurrence of the insured event, and submit it not only to the insurance company, but also to the bank.

Such a package that the relatives of the deceased borrower must collect includes the following documents:

death certificate or court decision that the borrower died and is presumed dead;
certificate of the cause of death;
an extract from the medical institution about the medical history, if this was a key factor in the death;
the act of an accident at the borrower's work that led to his death;
other documents confirming the existence of an insured event.

The insurers carry out compensation in 100% of the volume when the borrower died, died. In this case, the entire balance of the mortgage is reimbursed.

When a bank client is injured, disabled and can no longer work, then the mortgage is reimbursed only in the amount of 50-75%.

If the client is simply sick, is being treated, then the mortgage will be paid off with insurance premiums for exactly as long as the borrower is sick.

As soon as he goes to work and is recognized as able-bodied, then immediately all payments by the insurance company to the bank on the mortgage loan will be stopped.

Insurance allows citizens to receive a cash payment in the event of an insured event. For example, if the risk of civil liability is insured, then the payment will be made if the insured person causes damage to the health of other people or their property. One of the popular products is mortgage life insurance, which can be obtained directly at a banking institution when taking out a mortgage loan.

Is it worth insuring

The borrower independently decides whether to insure life or not. The presence of insurance will allow you to cover the debt to the bank in case of health problems. If there is no policy, then regardless of any factors, the debt will have to be repaid.

Is it obligatory to insure

When the bank imposes insurance, a reasonable question arises before the borrower - is life insurance obligatory, or can it be completely abandoned?

In accordance with Art. 31 Federal Law No. 102 of July 16, 1998, on a mandatory basis, the mortgage borrower must insure the mortgaged property against the risks of loss or damage. Obtaining other types of insurance (title, life, against accidents, loss of work, etc.) is not mandatory by law.

However, purchasing life insurance for a mortgage can sometimes prove beneficial, and here's why:

the interest rate on a home loan is reduced;
there is no need to pay off the debt to the creditor in the event of an insured event;
the likelihood that the mortgage will be approved increases.

What risks does it protect

If the borrower has taken out life insurance for the mortgage, then he will not have to pay the debt to the bank if the following events occur:

death for any reason;
the onset of disability of the 1st or 2nd group, confirmed by a certificate from the bureau of medical and social examination;
temporary disability, that is, being on sick leave, for a period of 30 days (in some insurance companies - more than 60 or 90 days) continuously.

Is it worth buying a policy

Benefits of purchasing life and health insurance for a mortgage:

the policyholder himself chooses which program to insure under (for example, only against the risks of death, or only against the onset of disability), also in some ICs there may be additional programs specifically for a mortgage (for example, the insured person's survival up to a certain period);
differentiated rates - a young borrower who does not suffer from chronic diseases can buy insurance at the lowest cost.

Flaws:

a large number of exclusions from insurance coverage (for example, if the disability is due to the fault of the insured person, the insurer will not pay compensation);
To get paid under a mortgage life insurance contract, you need to collect a lot of supporting medical documents.

Loan price without insurance

Credit institutions raise the mortgage rate if the client takes out a mortgage without life and health insurance.

Insurance price

To calculate the price of mortgage insurance, you must use the formula:

SS * ST * PN * PV, where:

SS - sum insured;
ST - insurance rate;
ПН - decreasing coefficients;
PV - increasing coefficients.

What determines the price

The price of life insurance for a mortgage is directly dependent on the following factors:

the insurer's tariff policy (different companies set their own prices, since tariffs are not regulated at the state level);
lender (insurers differentiate rates depending on the specific bank where the borrower took the mortgage);
the gender of the insured person (rates are lower for women);
age (increasing coefficients are set, which are the higher, the older the insured person is);
the state of health of the client on the mortgage (in the presence of chronic diseases, the cost of insurance increases);
occupation (if the borrower works in hazardous work, a multiplying coefficient is set);
other factors.

Calculator

To find out how much life insurance costs, you need to indicate:

the name of the creditor bank;
the interest rate on the loan, the balance of the debt;
start and end date of the policy (by default, insurance is made for 1 year);
borrower data (year of birth, gender).

Where is it cheaper to insure

Our editorial team conducted an analysis - where you can buy cheap life insurance:

№	Insurer name	Basic insurance rate, in percent
1	RESO	0,182
2	SOGAZ	0,21
3	VTB-Insurance	0,25
4	Sberbank-Insurance	0,34
5	Alpha	0,26
6	VSK	0,29
7	Rosgosstrakh	0.2 (for borrowers of VTB Bank)
8	Ingosstrakh	0,25
9	Alliance (ROSNO)	0,19
10	Liberty	0,24

Important! This calculation was made for self-purchase of a policy at an insurance office or a bank. If you decide to purchase a policy online, then it usually turns out to be 10-15% cheaper. You can take out an insurance policy for a mortgage using the calculator above.

Purchase procedure via the Internet

It is mandatory to issue a life insurance policy, but if the borrower nevertheless decided to make such protection for himself, then he needs to follow the procedure for issuing:

make a calculation on an online calculator;
pay the insurance premium with a bank card;
print an electronic policy that will come to the mail after payment;
sign it yourself;
submit to the bank for a transaction or for an annual renewal of the contract.

An important point! When applying for a policy online, you do not need to additionally provide a large list of papers and visit an insurance company.

Which insurance to choose

By default, insurance must be obtained from the insurer included in the list of approved (accredited) ICs established by the bank.

However, it is also possible to purchase insurance in a non-accredited insurance company. In this case, this IC must submit an application and documents confirming compliance with the requirements to the bank. The lender will consider them and inform the borrower of his decision - whether he will accept protection from this insurer or not.

The main criterion is to determine the reliability and stability of the company. The undisputed leaders of the insurance market in Russia are such companies as:

Ingosstrakh;
RESO;
Alpha insurance;
SOGAZ.

In practice, most often they make out, because it is accredited in almost all banks, has been on the market for a long time, has a high level of reliability and allows you to issue a policy via the Internet.

An important point! When calculating on a calculator, it is enough to choose the bank where you have a mortgage, and then he will select the insurance option you need.

List of required documents

In the case of registration of real estate insurance with a mortgage, for real estate, you need to collect a package of title and technical documents.

If life insurance is not issued within the framework of a comprehensive product (life, title, property), then you will not need to provide real estate documents. All you need to submit is:

general passport;
application for the conclusion of a contract ();
a questionnaire with basic information about work activity, about the presence of chronic diseases, etc.;
a copy of the mortgage agreement and, if any, a mortgage;
certificate from the bank about the balance of credit debt;
extract from the outpatient card;
other documentation provided at the request of the insurer.

Important! When buying a life insurance policy online, you only need a passport and a mortgage agreement.

Instructions

You can get the application form:

at the office of the bank / insurer;
on the official website of the bank / insurer;
on our website (see above).

Attention! Usually, a life insurance policy can be obtained already on the day of application, unless an additional check of documents or health conditions is required.

It is also possible to issue a policy online (for example, under the “Protected Borrower” program from Sberbank Insurance). However, this opportunity is not implemented by all SCs.

Payment of the insurance premium in 2020 can be made:

by depositing cash at the insurer's cash desk;
by wire transfer of funds to the SK's current account;
from a bank card (for online registration).

Cancellation of life insurance

If the borrower decides that life insurance does not provide him with any advantages, he can refuse the policy:

even before registering a mortgage;
after the conclusion of the insurance agreement, but then it is possible that the paid insurance premium will either not be returned at all, or will be returned only in proportion to the “unused” days.

You can refuse both from insurance of an apartment, other types of housing, and from life insurance, absolutely at any time of the contract (part 2 of article 958 of the Civil Code of the Russian Federation). The only question is whether the insurance premium will be returned or not.

Return is possible:

in case of refusal during the "cooling period", which by law is equal to 14 days from the date of the conclusion of the insurance contract (IC may increase this period);
as well as in cases stipulated in the agreement of the parties (for example, it may be said that the insurance is canceled upon full repayment of obligations to the bank ahead of schedule, and the premium in this case is returned in proportion to the “unused” days).

Cancellation of insurance after its registration is carried out as follows:

an application is submitted to the SK or the bank () by mail, in person or through a proxy;
a set of documentation is attached to the application (see below);
a response from the bank or the UK is expected;
money comes to the current account specified in the application.

Attached documents:

general passport;
insurance policy;
mortgage agreement;
statement with bank account details;
a receipt for payment of the insurance premium.

What to do in case of an insured event

If the borrower has died or received a disability, he or his heirs need to contact the insurer, confirming the occurrence of the insured event with appropriate medical documents. It is important to comply with the terms of application established by the Rules or the agreement of the parties.

Step-by-step instruction

The procedure for the borrower in the event of such cases, such situations:

notify the insurer within the period specified in the contract (usually 30-35 days from the date of the insured event);
provide an application and documents confirming the fact of death or disability in the manner specified in the contract - in person, through a representative, by mail;
wait until the insurer makes a decision on recognizing or not recognizing what happened as an insured event (about 10 days) and draw up an insurance act;
receive payment to the current account (about 14 more days after the expiration of the above 10).

What documents will be required

The list of documentation depends on the type of insured event.

For example, upon the death of the insured person, the beneficiary provides:

application for payment (), indicating the bank details for the transfer of funds;
a copy of the insurance policy and all additional agreements to it;
copy of the loan agreement;
receipt of payment of the premium;
death certificate of the insured;
outpatient / inpatient card;
a copy of the medical report on the causes of death;
autopsy protocol;
other documents provided at the request of the insurer.

Due to the high prices for residential premises in the real estate market, the population has to resort to credit obligations. The most suitable product offered by the bank is mortgage lending, for which it is necessary to carry out life insurance for mortgages. This procedure is mandatory, it consists of many important nuances.

Any banking organization puts forward a number of requirements for the safe conduct of the transaction and the return of the issued loan. Mortgages dictate the issuance of funds for a long time and at a low percentage.

Over the years of maturity, any unpleasant situation is permissible with the client, which may lead to harm to health, for example:

disability of the first or second group;
untimely death.

In addition, the collateral object is at risk of partial or complete destruction, especially when housing is purchased on the secondary market. Therefore, for safety, according to the Federal Law "On Mortgage Insurance", the object for which the mortgage was issued is mandatory for insurance.

By increasing the term of the loan, the added insurance is realized more. According to the content of the articles of the law, it is unacceptable to force the borrower to carry out life and health insurance with a mortgage, however, using this right, banks put forward excessive requirements, especially in terms of increasing interest on a loan.

Not a single person has information about what awaits him in the near future, so a certificate will help to avoid further costs. Having insurance, the credited persons may not be afraid to be laid off, to suffer in an accident, namely in terms of mortgage repayment. Since the insurance companies will pay the loan against the insurance premium. When an accident leads to death, the loan is fully repaid, and the property is transferred to the relatives of the deceased.

It turns out that within the framework of mortgage insurance, three areas are being promoted:

Home insurance. Refers to a compulsory type of insurance for a mortgage and is made in the event of an explosion, flood, fire, flooding, actions of third parties and much more.
Title insurance for a period of three years. This type protects the borrower from possible attacks from the former owner, who was declared incompetent, or in the event of hidden encumbrances. Most often, this paper is required when purchasing a home on the secondary market or in the presence of several transactions with property.
Life and health insurance, carried out in the event of a fatal accident or disability, disability.

Within the framework of a fixed procedure, each IC performs actions aimed at clarifying the details of the case and accurately regulating the circumstances that will classify the accident as such. When the recognition is legalized, the company is obliged to pay off the borrower's debt to the bank. The redemption amount or the insured amount is equal to the amount owed to the bank.

The insured events that will not be reimbursed include death from suicide, alcoholism, drug addiction, AIDS and other actions aimed at fraudulent receipt of remuneration.

The package of documents for insurance has a short list, especially if the insurance takes place at the bank branch where the loan is issued. Then it is enough to have only a passport with you.

In addition, you may need a questionnaire with the client's personal data, which will serve as material for calculating insurance. Numerous characteristics of appearance or bad habits are also taken into account.

To obtain insurance, a package of documents is provided in the UK, which differs depending on the outcome of the accident.

In the event of the death of the borrower, the relatives must provide:

Death certificate.
Certificate of the cause of death.
Certificate-extract from the medical record.
In the event of an accident at the workplace, an accident report is drawn up.
A paper confirming the occurrence of an insured event (issued only by the competent authorities).

This is a mandatory list of papers.

In cases that have become the reasons for the loss of ability to work, the following papers are provided:

Certificate-extract from the medical record.
Certificate of diagnosis with a description of the causes of disability.
Certificate of the fact of establishing a disability group.
Document confirming the establishment of a disability pension.

Despite the severity of the incident, it is necessary to meet the deadlines prescribed for the submission of documents. Otherwise, insurance may be refused.

Obtaining a certificate is not difficult at all, for this you need:

fill out a questionnaire;
form a statement;
transfer to the insurance company for consideration.

A prerequisite for filling out the papers is the accuracy of the entered data, which is verified through the documents attached to the application, or by other legal means. Deception or fraud, as well as concealment of correct information, can serve as a refusal of the company.

How insurance is calculated

The component of calculating insurance when receiving a certificate is the age of the borrower. When the borrower is no longer young, the commission goes up. It so happens that some companies put forward requirements for medical screening for chronic diseases or other diseases that increase the risk of unexpected diseases or accidents.

According to statistics, men live less, therefore large sums are charged for the stronger sex.

Of course, companies pay attention to the client's place of work, because if the production is harmful and hazardous to health, then the risk of diseases and injuries incompatible with life increases, this can serve as an increase in commission fees.

I would like to note that:

banal bad habits;
smoking;
binge;
also overweight

will become a factor stimulating the manager to increase the insurance component.

The main indicator that affects the amount of insurance is the term of the mortgage loan and its amount.

Managers, figuring out how much mortgage life insurance costs for a specific client, summarize all its components and get the final insurance ratio required to pay.

There is no information about the most profitable bank, so there is no way to accurately answer, since each credit institution has its own advantages. However, it is worth noting a leading financial institution called Sberbank.

This bank invites its borrowers to apply not only to the accredited partners of the organization, but also to other companies operating in the market. More often, managers offer to use insurance within the framework of Sberbank itself. It is quite convenient, there are no overestimated requirements for the client and for the amount billed for payment.

VTB24 is a new company on the mortgage life and health insurance market. Due to the lack of a large number of reviews, citizens are afraid to contact this bank, but it is typical for it to deposit 0.21% of the total cost of the selected housing, which is less than in Sberbank.

Carrying out insurance at SOGAZ requires mandatory passing of a commission, which is paid by the company itself. A client of a real SK may not apply to the branch to receive monetary compensation, but simply request them through the official website, leaving an application, which the manager will contact to clarify the nuances.

Ingosstrakh is one of the best insurers in the Russian Federation. Clients choose their current company because of their cheap mortgage life insurance policy. The approximate bar for the insurance premium is 0.22% of the total cost of the selected housing.

These companies are not the only ones on the market, but they have lower tariffs. On the Internet, it is discussed that employees of Sberbank of Russia call or even insist on issuing a certificate in their insurance company. When the borrower does not want to use this insurance company, it is enough to draw the employee's attention that the official website of Sberbank has information that health and life insurance is possible in any insurance company that meets the requirements of a credit institution.

On the website of all insurance companies, finding out about mortgage life insurance, a calculator is available that calculates interest rates online (usually from 0.5 to 2.5% of the residual mortgage debt). It is recommended to use the functionality of the functional only for clarity, since the electronic version cannot take into account the individual parameters of the client, therefore, for the exact rate, it is recommended to contact the organization personally.

TO As discussed above, insurance is available for cancellation, but as a result, the bank reserves the right to raise the lending rate.

Of the popular lending institutions, there is the following upward trend in interest:

Sberbank - 1%;
Delta credit - 1%;
VTB24 - 1%;
Bank of Moscow - 1%;
Rosselkhozbank - 3.5%.

In relation to the insurance of a property belonging to the collateral, there is no right to choose. The bank must have money back guarantees in case of damage to property.

The insurance covers any undesirable moments, not related to fraud, as a result of which it is impossible to pay the amount of monthly payments and pay off the debt. After an untimely death, relatives will not have to take on the obligation to repay the loan, since the borrower has insured himself in case of death, temporary disability or disability of groups 1 and 2.

There are many disagreements and conflict situations with the return of paid insurance funds, this is due to the fact that the borrower does not pay attention to the clauses of the agreement in a timely manner, indicating the possibility of returning the funds paid on any terms. When the signed agreement does not regulate the refusal to return funds for any reason, it is possible to return the amount, especially if this happened no more than 10 days after the signing of the papers.

Insurance can be returned in case of partial early or full early repayment of the loan.

In this case, the company:

Recalculates.
Returns funds to the specified current account of the client.

But again, unless other circumstances are specified in the contract. For example, the Bank of Moscow clearly states in its agreement that the sum insured taken for the entire insurance period is not refundable in case of early repayment. A possible decision through the court does not always give positive results, but in practice there are cases when the client still manages to return the overpaid insurance amount.

When the contract does not contain any information about the return of the insurance premium, an appeal is drawn up addressed to the manager. The document necessarily contains a request to recalculate the size of the paid and remaining insurance payments and the number of the current account, to which the amount will be transferred upon making a positive decision.

The reliability of the early closure of the mortgage will be confirmed by a certificate from the bank, demonstrating the full repayment of the mortgage and the absence of financial obligations. The paper is attached as an appendix to the prepared application.

The military enjoy the right of refusal without any consequences, since their life is insured by the type of activity and is not obligatory in a credit institution.

Main advantages and disadvantages

Having studied all aspects of insurance, the following disadvantages can be noted for the operation being carried out:

Significant cost of the certificate.
Registration of a legal title for a period of 3 years.
When calculating insurance for an object of collateral, the amount is paid in the amount of the loan and is spread over the months.
Increase in the cost of housing due to insurance payments.
If the borrower refuses life and health insurance, additional payments are imposed or the mortgage rate increases.

Some of the listed inconveniences for individuals can be a decisive factor in obtaining insurance.

The pluses include:

Protection of the borrower and the banking organization from unforeseen life situations associated with tragic death or disability.
Relatives of the insured do not have to worry about repaying the loan of a loved one, since the insurance company pays the debt itself.
Repayment of the mortgage is possible if you have health problems.
The risk of loss of the acquired property is reduced.
The borrower can independently choose the desired insurance company, based on acceptable conditions and interest rates.

However, the listed positive aspects can make the skeptic change his mind and still insure his life.

Mortgage insurance allows you to protect the financial interests of the borrower and lender in unforeseen life situations. Thanks to the insurance company, the financial organization will avoid non-repayment of loan funds, and the borrower will avoid various risks (you can insure not only real estate, but also life and health), the bank will receive payments in accordance with the insurance contract. The presence of a policy is a prerequisite for lending.

The insurance covers the risks associated with damage to the collateral object (apartment, private house), disability of the borrower, or his death. Risk of loss of the pledged object as a result of the termination of ownership. You can choose one risk or a set of risks.

The insurance does not cover the entire cost of housing, but only the funds that the bank gives you. For example, if the client pays 30% of the amount on his own, and takes 70% on credit, then the policy should cover exactly these 70%.

Mortgage insurance programs

AlfaStrakhovanie offers several programs designed in accordance with the requirements of financial institutions:

Initial appeal for mortgage insurance.
Transfer from another insurance company.
Maintenance of a mortgage insurance contract.
Voluntary title insurance.

Documents for concluding a contract

Collateral insurance(real estate) requires a loan agreement, a copy of the appraiser's report and documents that prove ownership.
With life insurance you need to provide a borrower application. The insurer may additionally send the insured for examination or ask for missing medical certificates.
For title insurance copies of title documents are needed. When the bank has approved the loan, you need to fill out an application for a policy. If by this moment you do not have all the necessary documents, you can provide the data later.

Why insure the life of a client with a loan agreement?

The mortgage agreement provides for payments for 10-25 years. This is a long period during which the policyholder can get sick, injured or become incapacitated. If this happens, he will not pay off the debt to the bank. To protect the property interests of both parties, a health and life insurance policy is drawn up. the insurance company will pay off part of the payment if the client is on sick leave, and upon his death - the balance under the mortgage agreement.

Not all banks require such a policy, since credit organizations independently establish the rules for granting a loan. As part of property insurance, the company will cover damage caused as a result of:

Flooding.
Fire.
Natural disasters (storms, floods, floods, typhoons, tsunamis, earthquakes, volcanic eruptions, etc.).
Explosion of gas or objects where it is stored.
You can include in the contract the risk of damage to interior finishes or engineering equipment.

What is an insured event?

The insurance company does not compensate for damage caused as a result of:

Exposure to radiation.
Nuclear explosion.
Wars.
Interventions.
The intent of the policyholder or persons who act on his behalf.
Arrest of property by order of government agencies.

What to do if an insured event occurs?

The insured needs:

Report the incident to the appropriate authorities.
Notify the insurer (no later than 3 working days).
Provide the information for the insurer in writing and transfer to him the documents received from the relevant authorities.
Leave the object damaged until a company representative inspects it.

Please note that if you have not paid the first payment under the insurance contract, then it is considered invalid - the insurer will not compensate for losses. If you have not paid the next installment, then the contract with the insurance company is terminated. In this case, a copy of the notification is sent to the bank. The lender's bank may revise the terms of the loan agreement due to the fact that the borrower does not fulfill its obligations.

When buying an annual policy, the next payment (not the first one) can be postponed only if the bank has given written consent to this.

What determines the cost of insurance?

The policy price takes into account:

Loan amount.
Bank requirements for the amount of insurance coverage.
Health status, age, gender of the borrower.
Features of real estate - the degree of wear and tear of the structure, the material of the floors.
Object status. If the house is still under construction, then life and health insurance will be required, and if the object is commissioned or you are buying a second home, then a contract that protects the property.
The number of previous transactions with this property (if title insurance is issued).

If the borrower partially repays the debt, then the insurer can recalculate the cost of the policy, but this is possible only at the time of renewal of the contract or making the next installment. The recalculation applies to subsequent unpaid installments.

Features of payment and the period of validity of the contract

If you conclude a contract for 1 year, then you need to make a one-time payment. If a multi-year policy is issued, then payments are made once a year.

In most cases, the validity period of the insurance coincides with the validity period of the loan.

To clarify the details of the program and calculate the cost, contact the company representatives by phone

8 800 333 0 999 (call within Russia is free).

There is a question that worries potential borrowers, is life insurance required for mortgages at Sberbank in 2020? After all, such a clause is spelled out in a loan agreement for a mortgage with state support.

The preferential mortgage rate is valid only on the condition that the borrower is sure to insure his life and health. Otherwise, the bank has the right to increase the lending rate by 1%.

To insure or not to insure

First, let's figure it out, is it necessary to insure life at all in order to get a mortgage? After all, many banks insist on such insurance. Are their demands legal? Who needs it more: the bank or the borrower?

Personal insurance covers a whole group of risks:

death of the borrower;
persistent health disorder and disability;
injuries and acute illnesses;
partial disability.

If the borrower has difficulties in repaying the loan for one of the above reasons, the insurance company will pay off the resulting debt for him. These funds are received by the bank. But the credit institution can send part of the money to the borrower so that he can pay for the treatment, return to his workplace as soon as possible and resume payments.

Thus, insurance for the lender reduces the risk of non-payment of the debt. And the borrower guarantees that in the event of unfavorable circumstances, the burden of repaying the loan will not fall on his loved ones. And even in case of loss of health or temporary loss of work, he will be able to pay off part of the debt with the help of insurance. Considering that the loan is given for a period of up to 30 years, the occurrence of an insured event does not seem to be something absolutely impossible.

What they say in Sberbank

At Sberbank managers sometimes insist that life insurance is compulsory with a mortgage... But borrowers are often not worried about the question itself, to insure or not to insure life. Indeed, in recent years, personal insurance is no longer perceived as something completely unnecessary. Moreover, when it makes it possible to obtain favorable conditions for a mortgage loan and reduce the loan rate.

Conflicts arise when Sberbank employees do not just impose life insurance, but insist that the policy be issued precisely at Sberbank Life Insurance. And her annual rates are not the lowest:

borrower's life and health insurance - 1,99% ;
life and health insurance in connection with involuntary loss of work - 2,99% ;
life and health insurance with an independent choice of parameters - 2,5% .

Interest is calculated from the sum insured, and it is equal to the loan amount. And the recipient of the loan will face significant payments.

How to behave correctly with bank managers

The borrower has the right to insure his life and health in any insurance company accredited by Sberbank. This norm is spelled out as a separate clause in the loan agreement.

There are four such companies, apart from Sberbank Insurance:

LLC IC VTB Insurance;
JSC "VSK";
LLC ISK Euro-Policy;
OJSC SOGAZ.

Their rates are usually lower than the rates in Sberbank Insurance. But, despite the law, Sberbank managers sometimes insist on obtaining a policy in their insurance company. It is difficult to say what is driving them: the usual incompetence or the desire to make money on additional services. Unfortunately, such precedents do happen. In this case, the potential borrower needs to refer to the website of Sberbank of Russia. It says that you can insure health and life in any insurance company that meets the requirements of this credit institution.

If this does not help, then it is necessary to demand from the bank employees a written refusal to issue a loan with a mandatory indication of the motive. As a rule, such a step is enough to remove all objections of managers and begin to conduct a constructive dialogue. Otherwise, you need to contact the management of Sberbank directly or appeal against the unlawful refusal to issue a loan in court.

Video: About Mortgage Insurance

Summarize

When you take a loan for housing in Sberbank, it is not necessary to conclude a personal insurance contract. You have the right to refuse insurance. No law provides for its indispensable presence.

There are positive and negative sides to voluntary health and life insurance when obtaining a mortgage loan. The biggest disadvantage is the total amount of insurance payments under the contract. Considering that premiums have to be paid annually, the cost of life insurance with a mortgage in Sberbank is tangible, credit programs are designed for 30 years, an impressive overpayment is obtained.

But if you take into account that Sberbank, in the absence of insurance, increases the loan rate by 1%, then there is a reason to insure. It is not necessary to do this at Sberbank Insurance. It is reasonable to look for more favorable conditions from other insurers accredited in this credit institution.

Read also:

11 comments

11/05/2016 the borrower died at the production of 2 million rubles ... since 2007, half of the amount has been paid ... the wife (38 years old) does not work and two small children (3 and 10 years old) are not able to pay another 1 million ... for which hopefully what to do? the family found only VTB's insurance policy for property insurance ... agreement No. 26740 also contains no lines about the life fear policy ... How to go to the President? my tel. 925-185-36-41

Good afternoon! Please tell me what to do if a Sberbank employee, when applying for a mortgage loan, forces us to insure with them, and we want to go to another insurance company, to which the employee says go insure, but refuses to provide the number of the credit agreement for the insurance company?