Sovcombank insurance: main programs
Insurance is a highly demanded service these days and it is offered by many companies. In most cases, it is mandatory. Real and movable property, loans, deposits, cars and even human life are subject to insurance. V Sovcombank insurance can be issued by any client who wishes. But is it really necessary to get an insurance policy? What exactly should be insured and in what situations?
Conditions of deposit insurance for individuals
Sovcombank is a member of the deposit insurance system and all amounts on deposit accounts of citizens are subject to mandatory insurance in the DIA system. If a financial institution goes bankrupt, each client will be provided with compensation, the maximum amount of which is 1.4 million rubles. Deposits are insured by the state on mandatory terms Sovcombank insurance contract. The deposit insurance service is absolutely free.
What to do if the amount of savings is more than 1.4 million rubles?
Insofar as insurance of deposits of individuals in Sovcombank and other banks is limited to 1.4 million rubles, then citizens who have larger savings are recommended to open and insure deposits in several financial institutions.
The system of collective life insurance with a loan
On the official site Sovcombank you can see voluntary insurance program the lives of customers who have taken a consumer loan or a car loan. As practice shows, this type of insurance can be classified as mandatory. When a client applies for a bank loan, the life insurance point is always indicated in the contract, and the insurance premium is added to the loan amount.
Signing a separate agreement on life insurance in Sovcombank not provided. When concluding a loan agreement, the client agrees to join the voluntary insurance program. Sovcombank, upon the occurrence of an insured event, pays an impressive insurance premium, the amount of which reaches 100% of the total debt of the insured client under the loan agreement.
However, the amount of insurance payments cannot exceed the size of the original loan amount. And if, for example, the borrower is charged fines and penalties, which, when added to the amount of the remaining debt, exceed the original loan amount, they will not be covered under insurance programs of Sovcombank.
According to the rules of the insurance contract, the borrower must provide the bank with a health certificate. But in practice, bank branches rarely request it and insure the life of any borrower.
Insured events and payments on them
The amount of insurance compensation is directly dependent on the age category of the citizen who issued the loan, as well as on the occurrence of an insured event.
Individuals are divided into 3 age categories for receiving compensation:
- the first category - men from 18 to 50 years old and women from 18 to 54 years old;
- the second category - men from 51 to 70 years old and women from 55 to 17 years old;
- the third category is for everyone from 71 to 85 years old.
Insurance is paid out in the following situations:
- involuntary job loss;
- initial detection of a life-threatening disease;
- the onset of absolute disability for life due to an accident;
- the death of the borrower as a result of an accident.
Specific information on the amount of insurance payments is provided to borrowers who have issued car loan or consumer credit Sovcombank with insurance employees of this financial institution or employees of an insurance partner company.
The procedure for obtaining insurance
After an insured event has occurred, the insured client of the bank or his legal representative is obliged, within 30 calendar days, to provide the financial institution with an official document describing the event, as well as its results (certificate from the morgue, from the hospital, protocol of a traffic accident, paper about lifelong disability, etc.)
Compensation is credited to the bank within a few working days, and its amount depends on the circumstances of the case, its consequences and the age of the insured person.
car loan insurance contract
Making a loan for a car implies its mandatory insurance under the terms of the contract. Getting CASCO on a car is allowed only at Sovcombank. It is impossible to purchase an insurance policy in other organizations, since the borrower does not have the right to do so.
Life insurance when applying for a car loan at Sovcombank is carried out on the same terms with obtaining a consumer loan.
Is it possible to refuse the program of voluntary life insurance?
No bank can oblige a client to insure life. Still, the program is considered voluntary, and therefore, the borrower has the right to use it at his own discretion. However, when concluding a loan agreement, a bank employee automatically indicates this service in the documents without asking the client. Therefore, before signing the contract, it is necessary to notify the loan officer of the unwillingness to purchase insurance.
If the client, through inattention, missed the clause on insurance, he can, within 1 month from the date of signing the papers, contact a banking institution with a request to cancel the insurance. In this case, the bank undertakes to fully return the amount paid for insurance, or to relieve the borrower of obligations for further insurance premiums.
In Sovcombank, obtaining insurance upon receipt of credit funds for housing or cars is a mandatory clause of the contract. A Sovcombank deposit insurance is carried out at the opening of each deposit on a gratuitous basis in accordance with the legislation of Russia. Whether to issue property, life or health insurance is a purely personal choice of the client.
A banking institution has no right to force a client to insure. Therefore, before signing a loan agreement, it is important to carefully read all its clauses and, if you disagree with the condition for issuing insurance, ask a bank employee to remove this clause from the contract.
