Where is it more profitable to arrange life and health insurance for a mortgage?

As is known, obtaining mortgage lendingis a very popular procedure for today. However, most banks make certain demands on borrowers, one of which is compulsory life and health insurance. However, many still have questions. Many people are interested in whether it is necessary to make life and health insurance for a mortgage, especially when paying a fairly decent amount of money for it.

To answer the question about what is requiredthe given procedure or not, it is necessary to consider more in detail the process of obtaining the policy. It is also recommended to pay attention to the benefits and possible benefits of insurance in relation to the person who wants to get a loan.

What does insurance provide?

Everyone knows that the moneythe acquisition of living space, as a rule, are issued for a fairly long period (up to 30 years). Such long-term loans are not very profitable for banks, because during this period of time, anything can happen to the client.

If we consider the problem from this side, then inIn this case, we are talking about the benefits for the credit organization. Are there any advantages to obtaining a similar certificate for the borrower? Of course, they exist.

For example, if the borrower receives injuries thatwill lead to his incapacity for work, then in this case he will not have to pay a huge commission to the bank for the impossibility of making monthly payments. In this case, the responsibility for payments falls on the policyholder. In the situation of obtaining disability groups 1 and 2, the borrower will be insured against additional costs. In the event of the death of a client of a bank that has taken a fairly large loan, its relatives will not have to pay back the debts.

Simply put, the insurance company will have tocover all losses of the bank, caused by those or other circumstances associated with the borrower. At the same time, the living space taken on credit will not go anywhere. It will continue to be the property of the relatives of the borrower or himself.

If immediately after the occurrence of the insured eventinform the bank about the incident, the risk that the monthly payments will be increased, is reduced to zero. Also, some people confuse life and health insurance. The last 2 options are valid throughout the term of mortgage lending. This means that every year it will be necessary to pay for the certificate. There will also be a recalculation of interest on insurance, based on the balance of the debt. Therefore, it is worthwhile to think several times before giving up this service. It is best to find where cheaper life and health insurance for mortgages. In this case, it is worth paying attention to a few important nuances. What should I look for?

Where is cheaper?

If we talk about the calculation of life insurance trafficand health in a mortgage, it all depends on individual circumstances. The interest rate can be from 0.5 to 2.5% of the amount of residual debt on mortgage lending. Of course, even one-hundredth of a fairly large loan will be hard to beat for the customer's pocket.

To save as much as possible during registrationlife insurance and health in the mortgage, it is worth to clarify with the bank's employee, which SKs are the partners of the credit institution. In this case it is possible to get acquainted with each individual firm and consider the existing interest rates.

Although the sites of insurance companies are onlinecalculators, they do not always work fully, that is, do not take into account the individual parameters of customers. It is much more convenient to contact the organization and personally communicate with the manager.

How is the insurance calculated?

Of course, in the first place, everyone is interested, forwhich can lead to a significant increase in the interest rate for obtaining a certificate. It should be borne in mind that the company's employees pay attention to the age of the borrower. If he is not young, then, of course, the commission will be much higher.

Also customers who make out life insurance andhealth at a mortgage, ask to undergo a medical examination. Based on data on the presence of chronic diseases and other ailments, a decision will be made on the final cost of the insurance certificate.

As a rule, men have to paylarge sums for the receipt of the form. This is due to scientific evidence and mortality statistics: unfortunately, the representatives of the stronger sex live much less than women.

Also, an increase in the interest rate mayaffect the position held by the client. If he works in hazardous conditions in harmful production, then, most likely, overpayment will be even higher. In addition, the amount of the loan and the duration of the mortgage payment period are taken into account. Also, the insurance organization manager always evaluates the external data of the client. If he suffers from too much weight, smokes and drinks, then this is also a negative factor that affects the increase in overpayments.

Refund and cancellation of insurance

Sometimes it happens that customers make outinsurance form, but suddenly realize that they overpay too much. In this case, they can indeed make a refund of the received policy for a mortgage. However, one must take into account that this is given a very short time. Usually it is not more than a few days. More precise terms can be found in the contract, there they must be prescribed.

Also worth paying attention to the items in thecontract, which relate to the calculation of insurance and the possibility of a refund. The UK has the right to draw up a contract at its own discretion, so there may well be items according to which the client has no right to expect any compensation. It's worth to be attentive and ask the manager a question once again.

Without any consequences, only the military can give up the insurance policy, as their life and health are already insured by the nature of their activity.

In what cases can an insurance company refuse payments?

As it was said before, before signingit needs to be studied in detail. Terms of payment in it must necessarily be detailed. It is important to make sure that the size of the amount that will be paid when an insured event occurs is indicated.

The contract prescribes the obligations of the insuredand the insurer itself. This is very important, since if some nuances were not indicated in the papers, then in this case the company can very easily refuse payments.

As a rule, in order to receive compensation,collect the necessary documents. This duty is borne by the policyholder. Refuse to pay SC has the right in the event that an incident occurred that can not be classified as an insurance event.

Sberbank

In this credit institution you can not onlyget a pretty decent sum of money for the purchase of a new living space, here also make out insurance policies. In this case, any bank customer who has issued a mortgage in the amount of up to 11 million rubles is eligible to receive the documents.

If we talk about the amount of payment for life insuranceand health at a mortgage in "Sberbank", then the fee is 130 thousand rubles. However, all again depends on the individual parameters of the borrower. Other organizations providing similar programs should also be considered.

"VTB 24": life and health insurance for mortgages

This bank also provides its customersthe opportunity to issue a policy immediately upon receipt of funds. However, in this case the conditions will be much more profitable than in "Sberbank". In this case, the client who issues life and health insurance for a mortgage in VTB will have to pay 0.21% of the total value of the chosen dwelling. However, most citizens of the Russian Federation still prefer to apply to the UK, which have long been on the market and during this time have collected a huge number of positive feedback. It is worth considering them in more detail.

Sogaz: life and health insurance for mortgages

The main advantage of this organization isin that customers can apply not only to the company's office, but also to get money through the official website. As a rule, after leaving the application, the user is called back by the organization manager and negotiates the conditions.

Another important moment of registrationlife and health insurance for a mortgage in Sogaz is that in this case a medical examination, which is a prerequisite, is absolutely free.

If we talk about the cost of insurance, then itwill be 0.17% when it comes to the life of the borrower. Also there is a very interesting service. It is called "borrower's liability insurance". In the case of non-repayment of the loan, overpayment for the certificate put 1.17% of the total price of the apartment. However, it is worthwhile to clarify the final cost of the documents from the employee of the organization, since everything depends on the particular bank, the amount of the loan and the repayment period.

RESO

In this case we are talking about an integratedInsurance, which includes life, health and much more. In addition, the client will be protected in case of loss of working capacity or disability. Thanks to this, life and health insurance for mortgages in RESO has a great advantage and benefit for borrowers.

In case of disability, illness ordeath of the client, the company independently pays the bank a balance on its debt. The heir to the borrower will also not have to worry about debts. In addition to this, such package insurance includes protection of the acquired property. In "RESO" you can issue a certificate for personal conditions. This is very convenient, because every person can have different situations in life.

However, this SC is by no means the only one where you can get a similar paper for the bank. Consider other options.

"Renaissance"

The main activity of this UKis precisely in the formulation of policies for the life and property of borrowers. In addition to the main insurance cases, the customer has the right to also indicate his own versions of what may happen to him or his property.

If we talk about the cost of registration in"Renaissance" life and health insurance for mortgages, then in this case the amount is calculated exclusively individually based on the specific data of a particular client. However, the minimum cost of issuing the form is 2.5 thousand rubles.

Ingosstrakh

This company is one of the top fiveinsurers of the Russian Federation. Here you can draw up a fairly cheap life insurance policy for mortgage lending. If the amount of the loan is not more than 11 million rubles, then the order form for insurance and customer service will need to pay about 16.5 thousand rubles. Thus, in Ingosstrakh, life and health insurance for a mortgage will cost about 0.22% of the total value of the selected housing. This is more than favorable conditions for customers wishing to reduce the interest rate on a general loan.

Rosgosstrakh

This insurance organization also useshuge popularity among the population. It offers very low rates. If the dwelling is insured in the UK for a comprehensive program, then in this case the value of the certificate will not exceed 0.2% of the total cost. However, in this case, it will be necessary to consider the bank in which the mortgage was issued. Also taken into account the size of lending, interest rates, type of real estate and much more. All borrowers must undergo a detailed check.

However, in Rosgosstrakh life and health insurance for mortgages is pretty cheap, so you should definitely consider this organization.