The main reason for debt on loans is a sharp decline in income when a borrower is fired. Some insurance companies are willing to protect this risk. Compare.ru figured out the details of such insurance.

What does the insurance give?

You can insure against losing your job with almost any type of lending: from consumer loans to mortgages. " The essence of the service is that the insurance company provides the client with material support to fulfill the loan obligations in case of loss of a source of income as a result of job loss. The monthly payment amount under such an insurance program, which is paid to the client within six months or a year (depending on the loan program), is approximately equal to the amount of the loan payment", - says Daria Fedorova, Marketing Director of the Banking Insurance Company (close to Russian Standard Bank). On the website of her organization, a calculation is given according to the following conditions: the borrower took out a loan in the amount of 100 thousand roubles. for two years and was fired. For 6 months of absence of earnings, the debt amounted to 36 thousand roubles. The uninsured person would owe this money, but the policyholder would receive 43,2 thousand roubles. - taking into account the cost of the policy ( 6 thousand rubles) would pay off the debt and remain in positive territory for 1,2 thousand roubles.

However, depending on the program, the terms of payment may be different. For example, in "AlfaStrakhovaniya" compensation will not be provided if the insured event occurred within three months after the purchase of the policy, as well as if a person finds a job within three months after losing it.

Peculiarity

Insurance does not provide compensation for the termination of the borrower on his own initiative. " Payment will be made if the borrower is downsized or the employer organization is liquidated. In this case, the dismissal must be made in compliance with all the norms of the labor legislation of the Russian Federation", - says Maria Tymoshenko, head of the department for interaction with insurance companies of Renaissance Credit Bank.

In Nomos-Bank, the list of insured events can be extended to the termination of the service contract in case of refusal of the employee from the proposed position, as well as early dismissal of the serviceman under the contract due to family circumstances.

Insurance Buyer Requirements

The general requirements for the buyer of the policy are:
- the minimum age is 18-21 years old, but not older than 55 years for women and 60 years for men;
- Russian citizenship;
- total work experience of at least 1 year, and at the last place of work - at least 3 months.

In principle, if the borrower was approved for a loan, then he has already passed the filter and he will definitely not be denied the purchase of insurance.

How much is it?

It all depends on many factors: the size of the loan, its type and the term of borrowing funds. For example, in Nomos Bank it is 3-4% from the amount of the loan, in "AlfaStrakhovanie" - 0,8% , and at Citibank - 330 rub. per month (with a loan 250 thousand rubles, taken for 35 months).

How do I get paid?

To receive compensation, the policyholder must register with the local office of the Employment Service within 10 working days after dismissal. Within a period of 5 to 60 days, notify the insurance company about the occurrence of an insured event, and also provide the following package of documents:
- a copy of your passport;
- a copy of the work book;
- a copy of the loan agreement with the bank;
- a copy of the terminated employment contract;
- a copy of a bank statement on the presence of debt;
- original certificate 2-NDFL indicating income for the last three months;
- original certificate from the Employment Center confirming the lack of work.

After receiving the documents, the insurer will indemnify for losses in a period of two to three weeks. According to Stanislav Chernyatovich, executive director of the department for work with financial institutions of AlfaStrakhovanie, 97 people out of 100 who applied are receiving payments.

Are there any alternatives?

Insurance market experts interviewed by Sravn.ru come to the conclusion that job loss protection is necessary for most borrowers. According to Maria Tymoshenko, the only exception can be the presence of one's own or the hope for relatives and friends who will be able to borrow the necessary amount of money to solve credit problems during the period of absence of work.

Often, having fallen into a hole in debt, bank clients ignore loan payments, simply not depositing them into the bank account. This may be due, among other things, to the loss of a job. The reasons why such workers are fired are very diverse - from the whim of the employer to the layoff. As a result, a person loses the only source of funding and faces the destruction of their long-term plans. If you have made the decision to take out a loan, job loss insurance is the best measure to prevent debt and problems with the bank. Let's consider this procedure in more detail.

What is Job Loss Insurance

This is a kind of service. Its essence lies in the payment by the insurance company of money to the bank instead of the borrower, who suddenly lost a source of income. Payments are made within 6-12 months, depending on the individual situation and the selected program. It turns out that using such a service, a person can calmly engage in their own employment, entrusting the problem of repaying the debt to the bank on the insurer.

Usually, when issuing a loan, banks themselves offer to take up insurance. Sometimes, without observing this condition, the issuance of a loan is completely impossible. Most often, a financial institution enters into a contractual relationship with a third-party company, which will provide assistance in the event of force majeure circumstances of the borrower. This is due to the fact that if the client loses solvency, the bank will still make a profit, but it will be paid not by the borrower, but by the insurer.

Insured events for which you can count on support

Many borrowers, due to the misinterpretation of the concept of "insured event", are faced with a lack of understanding of the money return procedure. Dismissal due to a violation of labor discipline or the personal expression of the will of the employee does not imply the payment of insurance. In general, the set of insurance situations is set individually in each organization. But there is a basic list of cases that are insured:

• liquidation of the company in which the client worked;
• reduction in the number of personnel or staff;
• termination of contractual relations due to a change in the owner of the company;
• the employee leaves the workplace due to circumstances that do not depend on the will of the parties.

In these cases, job loss insurance will be valid. It only says that if you find yourself in a difficult life situation, the partner will help out by depositing money in the bank instead of the client.

Cases when a refusal to pay will follow

There are situations when the borrower will receive an outright refusal to pay insurance, here is an approximate list of them:

• dismissal due to their own will;
• violation of labor discipline, which led to leaving work;
• receipt by the employee of payments from the employment service;
• disability due to the fault of the employee.

How relevant is the registration of insurance

Insurance services can be issued for any type of lending. Moreover, some banks will refuse to issue a loan at all if the contract with the insurer is not executed. The question is whether the client himself needs to conclude such an agreement, perhaps there is another way out of the situation. Consider the need to conclude this agreement for various types of lending.

1. Consumer loan. Since it is issued for a short period of time, the borrower's financial situation is unlikely to change. Therefore, banks do not always act honestly when applying for a consumer loan and requiring compulsory insurance against job loss.
2. Car loan. This loan is issued on average for 3-5 years, that is, for a period for which it is possible to predict financial flows more or less clearly and transparently. Therefore, obtaining insurance against job loss is a purely voluntary matter.
3. Credit card. If you use a credit card and pay off debts, keeping within the grace period, that is, almost immediately after spending, the use of this type of insurance is impractical.
4. Mortgage. This loan is issued for a minimum of 10 years, so in order to avoid unforeseen circumstances, you should conclude several insurance contracts, including insurance in case of job loss.

It is irrational to conclude such an agreement in the presence of good friends who will lend money or vouch for you, or if you have a spare amount "for a rainy day", which will be used to pay off debts in the event of a job loss. If, nevertheless, you decide on this type of insurance, the most affordable option for concluding an agreement is to directly contact the bank employee where you apply for a loan, and express your desire to conclude this agreement. Although, you can bypass the bank by starting an independent search for good insurance offices. This will be less noticeable in terms of money, but more noticeable in time and labor.

What are the advantages of an insurance contract

Of course, the conclusion of this agreement is useful. Indeed, in the modern world, when crises come wave after wave, the reduction or liquidation of enterprises is not something out of the ordinary. Therefore, you cannot be sure of the stability of your own financial situation. In this regard, the conclusion of an insurance contract has a certain number of advantages:

• payments on the loan are made with the funds of the insurer;
• there are no risks of damage to credit history due to delinquencies;
• you get the opportunity to assign responsibility for the loan to a third party while looking for a new job;
• if you lose your main job, then your relatives and persons who are guarantors will not be responsible for returning the money to the bank;
• Establishing a Job Loss Assistance Agreement is a quick and inexpensive process.

But it is important to find a good insurance company that, in the event of an insured event, will not shy away from its responsibilities, but, on the contrary, will meet halfway and provide assistance.

Features of the conclusion of an insurance agreement

You can conclude such an agreement in the process of applying for a loan in order to protect yourself and the banking organization from colossal financial costs. Unfortunately, on the territory of our country, self-insurance has not yet gained widespread popularity, however, in case of concerns about the imminent liquidation of an enterprise or downsizing, you can take and buy a policy under which you will receive support in case of dismissal.

To create a relationship with an insurer, you must meet the minimum set of requirements:

1. Russian citizenship.
2. The age range is 18-60 years old and 18-55 years old for men and women, respectively. Some organizations require that the minimum borrower age be 21 years.
3. The length of service worked at the last job is 3 months or more.
4. Total work experience - from 1 year.
5. An important role is played by the fact of the conclusion between the parties of an open-ended labor contract.

This is just a template set of conditions that must be met, but in some financial institutions there are auxiliary requirements that are prescribed and negotiated on an individual basis.

Insurance service cost

The price of the insurance service depends on the company with which you plan to conclude a contract. In some cases, the cost indicator will be calculated as a percentage, and sometimes it is a fixed value. To find the best option, you need to familiarize yourself with all the offers in detail and make your choice. Usually the price of insurance is from 0.8 to 5% of the loan amount. If we are talking about a fixed amount, it is equal to 200 r. per month Sometimes the bank requires you to take out insurance and pay for it in a lump sum, which on average is 5-10 tons.

Unfortunately, in our country, the cost of obtaining credit services is quite high. This is due to the special mentality of local citizens. The lion's share of our compatriots will never in their lives agree to pay their hard-earned money, if there is no apparent reason. Therefore, citizens of the Russian Federation turn to insurance companies only in extreme cases, when the most terrible prospect is about to come.

Procedure for receiving payment in case of an insured event

In order for your dismissal to be accompanied by the earliest possible compensation for the loan amount, you need to register with the sales center and contact the insurance office, taking with you a certain package of documents:

• copy and original of the passport;
• original and photocopied form of the labor book;
• labor contract between the parties;
• credit agreement with a banking organization;
• certificate from the financial structure about the debt;
• a document from the employment center confirming that you are registered;
• a certificate taken at the previous place of work, characterizing the average monthly salary.

Job layoff insurance is the best way to prevent risks for people who decide to take out a loan. Therefore, you do not have to worry too much about interest, penalties and increasing debt in a situation if you suddenly lose your job. The set of requirements for a person concluding an insurance contract is small, so you can conclude an agreement and feel psychologically comfortable.

Organizations offering favorable insurance terms

Many borrowers who have decided to take out insurance are concerned about the question of where to insure in order to get favorable conditions and save on payment for services. Let's consider the most profitable offers of insurers in this direction.

Program at Sberbank

This financial institution offers to take advantage of the special Green Parachute program. Losing a job isn't always a good thing. Therefore, interaction with this bank guarantees you reliable insurance, which has several advantages:

• making a payment at a time when it is most needed;
• affordable cost of payment for insurance services in exchange for serious guarantees;
• simple and fast process of payment events.

Cost and benefits of the program

Absolutely everyone who decides to become a client on a loan from PJSC Sberbank can participate in this program. This opportunity covers the loan in the event of the following circumstances - layoffs, layoffs, moreover, within the framework of the program, you can receive an additional bonus in the form of assistance in finding a job.

"VTB 24"

The amount of insurance that can be counted on when concluding an agreement with VTB-24 is about 3.8% of the loan amount. The insurance premium is paid every month. For each individual case and for each client, calculations are made on an individual basis. Any client who is going to take or has already taken out a loan from this bank can use the program.

Renaissance insurance

This bank contributes to obtaining an insurance loan against the loss of a job, it is important to comply with a few simple conditions. The borrower pays for services in the form of a commission, and the amount of insurance is 1% per month, more precisely, from 1% based on the size of the loan taken. If desired and necessary, there is the possibility of increasing the loan value.

Rosgosstrakh

The company has been operating in the insurance market for a long time, and today its services are becoming more and more popular. Rosgosstrakh offers insurance, the cost of which depends on the length of service and the place of work of the borrower. You can count on receiving compensation in case of loss of a job in connection with the liquidation of a company, an official layoff, or disability.

Thus, a policy in connection with a probable dismissal is a useful and necessary service that will allow you to share the overwhelming burden of a loan with a third-party company in the event of temporary disability. But it is important to choose the insurance company wisely, on which your well-being and credit history depends.

It is easy to lose your job during an economic crisis.

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Every now and then we hear about staff layoffs, liquidation of enterprises and other "good news". But behind all this there are human lives, many of the dismissed cannot continue to support their families and are looking for at least some extra work or take out a loan in the hope of someday "getting rich." That is why borrowers do not really bother when banks offer them to take out a job loss insurance policy.

“What if this happens to me? So at least this policy will save me from a debt hole! " - so many think and take out insurance. Is it worth it, will the insurance cover the amount of debt, when the insurance may not be paid, who benefits from it - read about all this in this article.

Can all types of loans be saved from job loss?

The credit insurance market is subdivided into 2 types:

• voluntary;
• required.

Such types of lending as mortgages and car loans are subject to mandatory insurance, based on the norms of Federal laws (insurance of civil liability of car owners).

Making a job loss insurance contract is a voluntary service.

Most often, banks offer this type of insurance in the form of a recommendation, the refusal of which, in theory, should not affect the decision to issue a loan. But, as practice shows, the refusal to issue this type of insurance often leads to the issuance of a negative response from the bank.

Of course, the reason for not issuing a loan to the borrower will be called any other than the true one. After all, forcing the borrower to take out this type of insurance is illegal.

Some banks still issue loans even after opting out of voluntary job loss insurance, but they may increase the interest for using the loan.

With this they insure themselves against the possible loss of the money issued. All short-term loans with a maturity period of up to 12 months can be insured against job loss. Longer term types of loans are subject to insurance renewal every subsequent year.

In what cases you will be paid insurance

Dismissal from work can occur for various reasons: both through the fault of the employer or due to circumstances beyond the control of the parties, and through the fault of the employee. The insured event occurs in all cases, except for the fault of the employee.

The following cases are subject to compensation under the insurance contract:

1. Termination of an employment contract at the will of the employer:
   • liquidation of the enterprise (p. 1);
   • reduction in the number of full-time employees (clause 2 of article 81 of the Labor Code of the Russian Federation);
   • reduction of positions in the civil service (paragraph 6, part 1);
   • due to a change in the owner of the enterprise (clause 4 of article 81 of the Labor Code of the Russian Federation).
2. For circumstances that do not obey the will of the parties:
   • military conscription or rotation of a soldier to perform duties in the civil service (p. 1);
   • the resumption of the employee in his previous position in connection with the decision of the courts or the labor state inspection (clause 2 of article 83 of the Labor Code of the Russian Federation);
   • not passing the competitive selection for the position (clause 3, article 83 of the Labor Code of the Russian Federation).
3. Demobilization ahead of schedule from contract service in the army for personal or family reasons (clause 3 of March 28, 1998 "On military duty and military service").

The borrower cannot claim insurance benefits if he was fired:

• by agreement of the parties;
• on their own;
• for disciplinary sanctions, for example, coming to work in a state of intoxication, systematic violation of labor discipline, etc. cannot claim insurance payments.

If the borrower is fired for a reason that is subject to insurance coverage, and during the period specified in the contract, gets a new job, payments are automatically stopped.

The same applies to those who, within the specified period, registered at an employment center and received unemployment benefits. In these cases, it is considered that the citizen has income that allows him to cover the loan debt.

Will the paid amount cover the loan

Despite the fact that this type of insurance, like any other type, increases the financial burden, however, it allows, if necessary, to solve the arising problems in case of loss of work.

That is why, before immediately rejecting the bank's offer to insure your loan against job loss, you need to calculate the benefits of this transaction. And find out if she is.

This insurance will allow you to receive a monthly amount from the insurer within the time specified in the contract to pay off the debt on the loan in case of loss of the main income.

The period for concluding an insurance contract is no more than 1 year, and the coverage amount is equal to the equivalent of the monthly installment on the loan.

Thanks to these payments from the insurance company, the borrower is not burdened with finding funds to settle with the bank. At this time, he can calmly look for a new job, without unnecessary stressful situations.

In order to make sure that the insurance will cover the loan amount for a certain period of time, here is an example of calculating payments under the Citibank loan program:

Pros and cons

The advantages of this type of insurance are much greater than the disadvantages. But, as practice shows, all the advantages are often offset by the inability to take advantage of the offer of the insurance company.

First, let's find out about the benefits, which include the following:

• in case of loss of work, the loan is serviced by the insurance company;
• no stress from the inability to pay off the loan and a calm search for a new job;
• maintaining a positive credit history;
• affordable payment with firm guarantees of the insurance company;
• fast and easy registration of the policy for the borrower.

The disadvantages are the additional financial burden when servicing the loan.

The employer tries to carry out the overwhelming majority of cases of staff reduction or liquidation of an enterprise in the form of dismissal under clause 3 of part 1, that is, of his own free will.

If the employee refuses to write a statement for the proposed reason, the employer finds such levers of pressure that cannot be resisted. Dismissal under the article for absenteeism (Article 81 of the Labor Code of the Russian Federation), and by distrust (clause 7 of Article 81 of the Labor Code of the Russian Federation) is also applied, when an employee is financially responsible for the values ​​of the enterprise entrusted to him, etc.

And according to the rules of all insurers, dismissal under the above articles is not included in the list of insured events stipulated in the contract. So it turns out that in practice, it is very rare for insurance companies to pay off debts of bank borrowers.

Conditions for concluding an insurance contract

If you have passed a rigorous check by the bank and you have received a positive verdict on the issuance of a loan, then they will not refuse to take out insurance either.

To purchase an insurance policy, you must meet the following conditions, namely:

• have Russian citizenship;
• the minimum age limit is 18-21 years, the maximum - 55 years and 60 years, respectively, for women and men;
• have an official, valid on the date of registration of the policy, employment;
• the total length of service must be at least 12 months, and at the last place of work - at least 3 months.

One of the conditions for an insurance contract is a temporary deductible. This is a period of time during which the insurer does not make payments. It is calculated immediately after the dismissal of the employee and is calculated in calendar days. This period is usually 60 calendar days.

No less interesting is the so-called waiting period, which is also included in the conditions of the insurance company. This is the period that starts from the date of the insurance policy and is set by the company at its discretion.

Traditionally, insurers regulate the waiting period of 3-4 months.

This is how companies insure themselves against unjustified payments. After all, an employee, having learned that he is going to be laid off, can quickly draw up a contract, and without a single contribution on his part, receive the company's payments due in this case. These are the unjustified losses of the company.

What documents are needed

To draw up a policy, the policyholder fills out the insurance application form for the insurer, the form of which is different for each company. But traditional questions remain regarding the applicant's full name, place of registration, passport data, place of work, age, etc.

The following documents are required to be attached to the application:

• a copy of the employment contract, copies of additional agreements to the main employment contract;
• an extract from the work book to establish the total length of service and the length of service of continuous work at the last place of work;
• document on the income of an individual (form 2-NDFL);
• other documents that relate to the assumed insurance risk.

How to act if an insured event occurs

Stages of actions of the policyholder, if there was a dismissal from work for reasons subject to insurance:

1. Before the end of the period of 10 working days from the date of termination of employment, submit documents (passport, work book) to the employment center for registration and write an application for the issuance of a certificate that you are registered as unemployed.

   

For a period of 10 working days from the date of termination of the employment contract, submit the following documents to the insurer:

• a photocopy of the work book, which is certified by the seal and signature of a notary, or at the enterprise by the employer;
• a copy of the insurance policy;
• a copy of the loan agreement with a schedule of monthly payments;
• a copy of the employment contract that has been terminated;
• copy of passport (all pages);
• certificate of available income for the last 3 or 6 months (as required by the insurer).

Documents are submitted to the insurance company in person or sent by registered mail.

After the expiration of the term of the temporary deductible, for a period of 5 working days after the date of each regular payment on the loan, submit the following documents to the insurer:

• the original document from the employment center issued on your application (see the sample above), which confirms the fact that at the time of contacting the insurer you are a registered unemployed person or one who is currently looking for work. Documents are submitted to the insurer personally or sent by registered mail.

How to get the due payment

Within 14 working days after you submit your application for the payment of insurance claims and other mandatory documents, the insurance company draws up an act.

After considering the application and studying the remaining documents submitted by you, the insurer makes a decision on the payment of insurance claims or non-payment, justifying this with a written refusal with an indication of the reasons.

The sum insured is received in the amount specified in the contract and is no more than three months' average income of the policyholder.

The reimbursement is credited to the creditor's account on a monthly basis. The total amount of the listed insurance does not exceed the amount specified in the contract.

If a citizen has paid off the loan ahead of schedule, then in this case there is no need for insurance. In this case, part of the sum insured can be returned if such an action is prescribed in the insurance policy agreement.

But if the return of the insured amount in the contract is not predetermined in advance, or the impossibility is fixed, then it is pointless to demand it from the insurer.

In this case, you can apply to the courts with a claim, in which you will need to prove that this service was issued without your consent.

If the court considers the actions of the defendant unlawful, it will oblige him to pay you the entire sum insured in full.

Loss of employment can be caused by a wide variety of reasons. But the result in all cases is equally unpleasant - a person is deprived of a source of financial income, which leads to a violation of his long-term plans and obligations. The situation becomes much more complicated when there is a debt on the loan.

Why is job loss insurance so attractive?

Despite the low popularity of self-insurance in Russia, if there are signs of an upcoming liquidation of the organization or layoffs, it makes sense to buy a policy to receive compensation payments in case of dismissal.

Signing an insurance contract for risks associated with the loss of a job will protect a person from delays on a loan due to insurance payments for 6 or 12 months in an amount approximately equal to the monthly payment to the bank. During the specified period, it is necessary to find a new place of work.

The presence of an insurance agreement will allow the client to calmly search for a new job, without worrying about the need to pay the next amount to the lender, without fear of ruining his own credit history.

In the event of a job loss, the agreement will protect the borrower's relatives and guarantors from liability for the loan.

What are the requirements for the policyholder?

The risks of an insured event under the contract are quite large and difficult to calculate, therefore, companies have serious requirements for a person who decides to take out insurance in case of job loss, including:

• the age of a citizen must be between 18 and 65 years old (as of the expiration date of the insurance period);
• the applicant must have citizenship of the Russian Federation, not be a serviceman or a pensioner;
• the client must be officially employed and have an open-ended employment contract;
• the total length of service must be at least a year, and at the last job - at least 3-6 months.

What cases are classified as insurance?

It is important to bear in mind that insurance payments are not made with every dismissal.

Compensation is paid for loss of employment due to:

• liquidation of the employer;
• reduction in the number of staff of the organization in the presence of a written notification;
• reinstatement of the previous employee in the position of the client by a court decision;
• loss of work due to disability (I, II groups) in the period after the signing of the insurance contract.

Insurance payment is not possible if:

• the client is dismissed of his own free will or as a result of an agreement between the parties;
• after the end of the probationary period, the employment contract was not renewed by the employer;
• the insurance agreement was signed after the client received notification of the upcoming layoff;
• the client was laid off without providing the appropriate notification;
• the client is fired due to alcohol or drug abuse;
• there was a loss of working capacity as a result of bodily harm caused by the client himself;
• the employee is officially transferred to part-time work;
• the employee receives other types of benefits.

What is required to receive insurance benefits?

Within 10 days after dismissal, the holder of the insurance policy must register with the Employment Service. Within 2 months, you must notify the insurance organization and provide documents, including:

• the applicant's general passport and work record book (copies);
• labor contract (agreement) and bank loan agreement (copies);
• confirmation from the lender about the balance of the loan debt;
• confirmation by the Employment Service of registration;
• document on average monthly earnings from the last place of employment (in the form of 2-NDFL).

The insurer, after considering the application for payment and the package of documents provided and all the circumstances meet the requirements of the insurance agreement, pays compensation, but not immediately. There is a period of 2 months when the employee is paid wages if there is an official notification of the upcoming layoff. Further, after the reduction, there is a temporary deductible (2-3 months), when the employee receives 2 salaries due upon dismissal for the reduction, and the IC protects itself in this way from the option of short-term unemployment. It takes from 3 months to 1 year to pay out the insurance. During this time, the client, tuned in to a real job search, will provide himself with a new place of employment.

How much is insurance?

Before making a deal, you should study the offers of various insurance organizations, including insurance for a loan against job loss, and choose a method that is suitable for a specific situation.

The price of the insurance service is set depending on the age, length of service, place of work of the client by the insurer itself. Some of the ICs calculate as a percentage of the amount of outstanding loans (0.8% -10%), other ICs set a fixed amount.

The conclusion of an insurance contract against job loss is not necessary for citizens who have a certain amount of funds sufficient to repay the loan in accordance with the schedule and satisfy their own needs over a long period (up to six months or more). The presence of reliable relatives or friends who are able to provide the necessary financial assistance in a difficult situation also makes the insurance service irrelevant.

In other circumstances, the insurance of the loss of solvency is beneficial to the client - the safety of the collateral will be ensured, the validity of the loan agreement will not be violated, and the borrower's credit history will not deteriorate.

Job loss insurance is applied in two cases: against unemployment and upon obtaining a loan. In the first case, the citizen enters into a voluntary insurance contract. He guarantees him, in the event of dismissal, temporary financial support within the limits of the lost wages. In another situation, the interested party is the bank, thus limiting the risk of non-repayment of borrowed funds. The insurance company pays payments to the credit institution prior to the employment of the Insured.

Voluntary job loss insurance

A job loss policy is issued at the request of the citizen. The possibility of concluding an insurance agreement has a legislative basis: Federal Law No. 1032-1 of 1991 “On Employment of the Population”. Read about title insurance when buying an apartment.

Insurance risks (possible events) are:

• Dismissal at the initiative of the employer, including due to the termination of the work of the enterprise (organization) due to bankruptcy.
• Termination of an employment contract for civil servants due to staff or headcount reductions.
• Invalidity of the contractual relationship due to a change of ownership.
• Termination of a citizen's labor activity due to objective circumstances:
  • conscription;
  • reinstatement of another employee in the workplace by court order;
  • not being elected to office;
  • dismissal of a contract soldier ahead of schedule for family reasons.

On the video - job loss insurance:

Purpose of insurance: compensation by the Insurer for loss of wages.

The term of the agreement can be any, but not more than 12 months from the date of the insured event. The policyholder receives, according to the contract, a one-time payment or a monthly transfer before new employment.

Insurance companies

Insurance companies use such a product at high rates.

Reasons - high risk due to the possibility of the Insured to influence the occurrence of the insured event, unpredictability of the economic situation. In addition, additional requirements are put forward, without which the UK refuses to conclude an agreement. Read about apartment mortgage insurance.

Unemployment insurance in difficult economic conditions carries a high risk for Insurers. The insurance product was first introduced about 100 years ago in the United States, and found widespread use in Germany in the 1980s as the economy grew. The crisis has slowed down the development of this insurance product. He will tell you about the freight forwarder's liability insurance policy.

How to get insurance

• seasonal workers;
• part-time workers;
• freelancers;

On the video - getting insurance:

• deliberate injury;

Required for registration:

• passport data;

The amount of the insurance premium is 1-2% of the compensation.

How to insure yourself in the event of a loan or mortgage

Some banks, when issuing a loan, at the same time as the client's demand, include a term of insurance against dismissal. The purpose of insurance is to reimburse a credit institution for a loan debt while the borrower is not officially employed.

The term of the agreement is negotiated in each specific case: before applying for a new job or for a certain period. Learn about third party liability insurance at.

Insurance conditions

The main requirement of the Insurer is the presence of a permanent employment contract, recorded in the work book.

For this reason, they will be denied insurance:

• individual entrepreneurs;
• seasonal workers;
• individuals with private practice;
• acting on probation or maternity leave;
• part-time workers;
• freelancers;
• other professions listed in the UK.

On the video - credit insurance:

Do not fall under the definition of insurance risk and do not take into account:

• dismissal of their own free will and consent of the parties;
• if the Policyholder had on hand a notice of termination of employment;
• upon dismissal without notice;
• deliberate injury;
• part-time work;
• termination of employment in connection with a strike.

The policyholder must meet a number of requirements:

1. Age restriction: not younger than 20 and not older than 60 years.
2. Work experience of at least six months or a year.
3. Lack of bad habits: alcoholism and drug addiction.

All job loss policies take effect after a month or two.

If the insured event occurred before this period, then the Policyholder will not receive compensation due to violation of the terms of the Agreement. The deductible gives the Insurer a guarantee that the client did not know about the dismissal when concluding the agreement.

Required for registration:

• passport data;
• work book with an extract of the last place of work;
• information about earnings for the previous 6 months.

Additional conditions determined by the IC are:

• in terms and procedure of payment;
• restrictions on professions and work experience;
• temporary franchise;
• refusal in the absence of unemployment benefits or receiving payments for which it is not due (for pregnancy and childbirth, disability, etc.).

Thanks to layoff insurance, the borrower has time to find a job.

During this period, no interest will be charged due to delay in loan payments, and the credit history will not worsen.

Mortgages and layoff insurance

The Mortgage Lending Rules stipulate that the acquired property is pledged by the lender until the debt is repaid. Delay in payments leads to an increase in loan payments due to penalties, up to the termination of the Agreement and the seizure of the collateral. Dismissal insurance is voluntary, but under the terms of registration, the borrower is forced to insure not only his own life, but also the loss of his job.

Insurance policies from VTB

Since 2014, the program "Live-do not grieve" included a policy in case of job loss. Cost –1.0 thousand rubles, insurance coverage 40.0 thousand rubles. The insurance did not apply to military personnel and civil servants. At the moment, VTB Insurance has excluded dismissal insurance from the product “Live, do not grieve”, leaving life insurance. Also, there are other banks.

Video - mortgage and insurance:

The new product "Golden Parachute", which will be offered to customers, has a contract term of 4 to 6 months, with an amount of compensation to the bank of up to 100, 0 thousand rubles. per month. The policyholder's age is up to 60/55 years. Requirements for work experience - at least 1 year. Read about the description and reviews of the insurance company Zhaso in.

Offers from Rosgosstrakh

Rosgosstrakh offers Borrower Liability Insurance in its comprehensive mortgage lending program. The insurance product is applied with a minimum down payment of 10% of the cost of housing. Loss of the source of payment of the loan (including dismissal from work) in this case is not covered by funds from the sale of mortgaged real estate.

Insurance conditions:

• insurance amount 10-50% of the loan;
• the insurance payment is established for the entire term of the contract;
• payment for the policy upon concluding the Agreement;
• The beneficiary is the bank.

Sberbank Insurance and involuntary job loss

LLC IC Sberbank Insurance, thanks to the insurance product Life Insurance of Borrowers, provides financial support to the borrower in the event of unforeseen situations, including involuntary loss of work. The term of the contract is 4 months, one month after the occurrence of the insured event. Temporary deductible - 2 months. Insurance of loans issued by Cetelem Bank.

The procedure for applying for a loan reimbursement in case of dismissal is the same for all ICs.

In the event of an insured event, the policyholder is obliged, within 10 days:

1. Register with the employment service and obtain unemployed status.
2. Notify the Insurer by sending him:
   • notification completed in accordance with the form;
   • a notarized copy of the work book;
   • a copy of the policy;
   • loan agreement with transfer dates;
   • terminated employment agreement;
   • passports.

The notice indicates one of the reasons for dismissal provided for in the policy.

The temporary deductible is effective from the date of termination of the employment agreement. Upon its expiration, within the period specified in the policy, an application for repayment of the loan and a certificate of registration with the employment service are sent to the Insurer.

Consumer loan

When issuing a consumer loan, banks are more loyal to customers than when applying for a mortgage. The explanation for this is the short term of the agreement, smaller loan sizes, and higher interest rates. For amounts up to a million rubles, the borrower may not be required to insure the loan.

IC Sberbank Insurance connects the Borrower's Life Insurance program to consumer and car loans issued by Cetel Bank.

On the video - insurance and credit:

Job loss insurance is relevant for citizens in conditions of declining employment, but it is not profitable for insurance companies. Banks use this tool to limit their risks when applying for a mortgage, as well as when. Insurance increases the cost of the loan, which is unprofitable for the borrower. But, in case of dismissal, the Agreement with the SK will help to avoid penalties and deterioration of credit history.