Definition of exclusions from the life insurance contract. Life insurance A life insurance contract is not concluded in respect of

The sphere of life insurance in Russia is only gaining its customers. Since earlier such methods of protecting one's health were not popular.

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But many are interested in how to draw up a life insurance contract in 2020 and avoid mistakes.

Indeed, the state provides a good legislative framework for opening insurance accounts that can help any individual in difficult times.

Important information

In the Russian Federation, there are several types of insurance that provide for different situations of application.

In addition, it may be necessary to insure life to ensure the reliability of the borrower - this allows the bank to be sure that a person will have the means to pay off the debt even if he receives any injury.

It is important to understand that the insurance system works on contributions and this is a prerequisite for anyone.

But there are those companies that accumulate the depositor's funds, and there are those that charge lower fees and do not return the funds in case of no insured event.

There are situations when a person is denied insurance - and this is the absence of an insured event. Therefore, when concluding a deal, it is worth considering all possible options for injuries and illnesses.

Because the insurance package may not be designed to cover all conditions. And it is necessary to clarify what percentage the insurance company pays from all expenses.

In connection with what conditions the insurance company provides, the cost of the policy is also formed. The less insurance coverage, the cheaper it is. Therefore, it is worth starting not from the cost, but from the needs.

What it is

A life insurance contract is an important document. He is responsible for creating:

• the legal framework on which the provision of insurance services is based;
• details of the concluded transaction - all the nuances of receiving payments in the event of an insured event;
• conditions for insurance - payments and fines.

All these points are located in one document that connects an ordinary citizen and an insurance company.

It is worth noting that life insurance is inherently different from other types of insurance.

In this area, each company identifies for itself a list of diseases and situations in which it pays for the treatment of the user.

Who is the subject

The subject of insurance can be different persons. First of all, the subject is an insurance company; it is engaged in all insurance operations and documentation.

Another subject may be the insurer. In the event that this is corporate insurance, then it will be the company in which the employees work.

Or in a situation with group insurance - the insured themselves. There is also a group of special third parties. These are the people who benefit from this deal.

For example, in the event of death, you can appoint an heir who will be paid the sum insured. It is also not uncommon for parents to conclude an insurance deal in favor of their children.

Then all payments for injuries of children will be received by legal representatives, because they cannot independently carry out such operations.

Current legal framework

A separate one is provided, which is responsible for providing complete information regarding the purchase of insurance.

In you can find information about the voluntary and mandatory execution of an insurance policy. And it says about the possibility of replacing the insured citizen.

In Russia, there is also compulsory insurance from the state. All detailed information about him is contained in article 969.

All insurance companies that operate on the territory of the country are subordinate to the “On the Organization of Insurance Business in the Russian Federation”.

In this document, you can find information on the conditions under which insurance is provided to foreigners and stateless persons in the country.

Conclusion rules

In order to conclude an insurance contract, you must perform a number of sequential steps:

What are the document requirements

Every client of an insurance company should understand that the insurance contract is the most important document.

Since it is he who has the legal force to provide payments or protect his rights in court.

For example, if life insurance is carried out according to, then a banking organization will require the following document functions:

• cover the risks of death of the borrower or disability of a person on a permanent or temporary basis;
• the conclusion should take place on the terms of duration only during the crediting period;
• a banking organization acts as a beneficiary;
• the amount of insurance is equal to the amount of the loan.

These are the main points that such an agreement must comply with. Therefore, these points should be taken into account.

The accumulative life insurance contract must contain the following items:

• receiving payments for inpatient treatment of the insured;
• full payment of the entire sum insured in case of death of a person;
• possible registration with the payment of investment income.

Sberbank

In case of any other loan operation, banking organizations try to make the issuance of funds safe and offer their customers to conclude an insurance agreement.

This bank has its own insurance company with the same name. There are several options for life and health insurance:

It is worth noting that monthly fees may be provided for different categories of programs. But for most insurance offers in the “Economy” section, you do not need to make a payment every month.

Policies can be purchased for:

• families;
• wife or husband;
• children;
• grandchildren.

In this case, both the payer under the policy and the insured categories of citizens will be insured.

You need to understand that Sberbank offers an insurance policy to all participants in loan programs. In case of refusal to purchase insurance, the bank may increase the rates for the client.

This will be due to the fact that the banking institution does not have guarantees of the borrower's solvency in the event of various incidents related to his health.

VTB 24

In this bank there is a huge distinction in insurance products. Because the programs are:

• for mortgages and other loans;
• accumulative;
• with the opportunity to receive a deduction on investments.

So, in the case of programs for loan operations, the base rates for tariffs at VTB 24 start at 1% for one year of insurance and from 73% for the entire period of the loan.

These are quite large indicators that allow, in the event of an accident, to receive deferrals on payments and insurance payments.

At the same time, all programs in these insurance conditions provide for the following opportunities:

• participation in profits;
• one-time insurance premium payment;
• insurance premium paid in installments
• the duration of the insurance policy can start from 5 years and reach 30.

But it is worth noting that the rules for providing insurance at VTB 24 say that the policy rate can be set individually - after negotiations with the client.

Classification of this agreement

The client's personal insurance contract can be divided into several types. And when making a deal, you should use the one that is most beneficial to the client at the time of the conclusion of the contract.

Since not always each of the options will be appropriate for connection. In total, there are five standard types of insurance:

1. Life and health for a period specified in the agreement, until reaching a certain age or until certain circumstances occur.
2. Retirement.
3. Periodic insurance payments, provides for the payment of annuities, annuities.
4. For accidents and a certain list of diseases.
5. Medical insurance policies.

Each of the offers will have its own tariff plans and conditions. Therefore, you should decide in advance on what the target direction of insurance will be and choose the most profitable policy option.

Correctness of filling (sample)

In order for the transaction to be successful, you must fill it out correctly. Most often, the company prints out the form on its own.

In which all the data about the client and the selected tariff plan are already indicated. Such a document remains only to be signed.

The procedure, grounds for payment of the sum insured and the necessary documents for receiving insurance compensation depend on the type of life insurance contract. In turn, life insurance contracts, depending on the insured event, are of the following types:

• death insurance;
• survival insurance;
• health insurance.

Grounds for payment of the sum insured

1. In case of death insurance in case of life insurance, such ground is the death of the insured person. In case of term insurance - the death of the insured person within the period specified in the insurance contract.

2. In the case of life insurance, the basis for payment of the sum insured is the survival of the insured person to a certain age specified in the insurance contract.

3. In the case of health insurance, the basis is the loss of health by the insured person or his death due to an accident or illness in accordance with the insurance contract.

Persons entitled to receive the sum insured

Depending on the basis for the payment of the sum insured, the persons entitled to receive it are determined (clauses 1, 2 of article 934 of the Civil Code of the Russian Federation):

• the beneficiary specified in the insurance contract;
• the insured person or heirs of the insured person, if no beneficiary is indicated.

The term for notifying the insurer of the occurrence of an insured event

1. When insuring against death, the insurer or his representative must be notified of the occurrence of an insured event within the period established by the contract or insurance rules. At the same time, the period for notifying the insurer established by the contract cannot be less than 30 days (clause 3, article 961 of the Civil Code of the Russian Federation).

2. In case of life insurance, the insurer or his representative shall be notified within the period established by the contract or insurance rules.

3. When insuring health, the insurer or his representative must be notified of the occurrence of an insured event within the period established by the contract or insurance rules. At the same time, the period for notifying the insurer established by the contract cannot be less than 30 days (clause 3, article 961 of the Civil Code of the Russian Federation).

Documents required to receive the sum insured

An exhaustive list of documents that must be submitted to the insurer in order to receive the sum insured is established by the terms of the insurance contract of the relevant type. As a rule, depending on the type of life insurance contract under its terms, it may be necessary to submit the following documents.

1. In case of death insurance:

• death certificate;
• insurance contract (policy);
• medical documents indicating the cause of death;
• certificate of the right to inheritance, if the heirs of the insured person apply for the sum insured;
• beneficiary's passport.

2. In the case of life insurance:

• application for payment of the sum insured, which indicates the number and date of conclusion of the insurance contract, last name, first name and patronymic of the insured person;
• insurance contract (policy);
• passport of the insured person.

3. In case of health insurance:

• an application for payment of the sum insured, which indicates the number and date of conclusion of the insurance contract, the last name, first name and patronymic of the insured person, the date and circumstances of the occurrence of the insured event;
• insurance contract (policy);
• a certificate from a medical institution, an extract from a medical card, a sick leave certificate, a certificate from a trauma center, an act of an accident at work, a medical report, a copy of the protocol on an administrative offense, a decision or ruling on an administrative offense case, a copy of a driver’s license (depending on the insurance case);
• death certificate (in case of death of the insured person);
• certificate of the right to inheritance in the event of the death of the insured person, if his heirs apply for the sum insured;
• beneficiary's passport.

When transferring documents to the insurer or his representative, you should request confirmation of their receipt, in particular, a receipt with the signature of the employee and the seal of the insurer indicating the incoming number on the list of submitted documents.

Deadline for payment of the sum insured

The sum insured is paid to the beneficiary or heirs of the insured person within the period established by the contract or insurance rules (as a rule, within 5-15 days). Payment is made after the insurer has made a decision on payment.

If the insurer decides to refuse to pay the sum insured, you can challenge this decision in court with the recovery of the sum insured by force.

Note!

In certain cases, payments under insurance contracts for survival may be subject to personal income tax, while payments under voluntary personal insurance contracts that provide for payments in the event of death, injury to health and (or) reimbursement of medical expenses of the insured person are not subject to personal income tax ( pp. 2, 3 p. 1 art. 213 of the Tax Code of the Russian Federation).

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The grounds for the emergence of any obligations, including insurance, are the contract and the law.

The procedure for concluding a life insurance contract is subject to the general provision for all contracts, enshrined in paragraph 1 of Art. 432 of the Civil Code of the Russian Federation: an agreement is considered concluded if an agreement is reached between the parties in the form required in appropriate cases on all essential terms of the agreement.

Essential terms of the contract

The essential terms of a life insurance contract are (Clause 2, Article 942 of the Civil Code of the Russian Federation):

• information about the insured person;
• information about the nature of the insured event, that is, the event against which the insured person is insured in the life of the insured person (for example, damage to life or health, death, survival to a certain age);
• the amount of the sum insured, that is, the amount within which the insurer undertakes to pay insurance compensation upon the occurrence of an insured event;
• term of the life insurance contract.

The absence of any of these conditions is considered as an unconditional basis for recognizing a life insurance contract as not concluded.

Knowing the basic terms of a life insurance contract, it is possible to determine the legal consequences that may arise in connection with the recognition of such a contract as not concluded.

The main negative consequence of recognizing the contract as not concluded for the insured is the inability to force the execution of the contract. For example, if a life insurance contract is recognized as not concluded, it means that it does not give rise to any rights and obligations for the parties and it is impossible to fulfill this contract (clause 1, article 425 of the Civil Code of the Russian Federation). Consequently, the insurer has no obligation to answer to the insured (insured person, beneficiary) for the payment of the sum insured upon the occurrence of an insured event.

This method of protection, such as recognizing a transaction as not concluded, is quite often used by an unscrupulous party in order to avoid the liability provided for in the contract for non-performance (improper performance) of an obligation in the form of payment of contractual penalties, fines, losses associated with refusal to perform (improper performance) by the other party of such contracts. The guilty party often refers to formal grounds, for example, the absence in the text of the contract of essential conditions that allow the contract to be considered not concluded.

Additional terms of the contract

In addition to the above, it is also advisable to include in a life insurance contract:

• information about the beneficiary in the event of an insured event. For example, it can be a spouse, parents, children, etc. Several beneficiaries may be appointed. The beneficiary may be the insured person, for example, if the insured event provides for the survival of the insured person to a certain age (clause 2 of article 934 of the Civil Code of the Russian Federation);
• cases not recognized as insurance, for example, the suicide of the insured person, his death as a result of popular unrest, etc. (Clause 1, Article 964 of the Civil Code of the Russian Federation);
• information about the insurance premium (insurance premiums), its size, terms and procedure for payment by the insured - for example, in installments or in a single payment, in cash or by bank transfer (Article 954 of the Civil Code of the Russian Federation);
• information about the terms and procedure for paying the sum insured upon the occurrence of an insured event;
• a list of documents to be submitted to the insurer upon the occurrence of an insured event;
• information on the registration of the fact of the occurrence of an insured event - for example, on the drawing up of an insurance act by the insurer, the timing of drawing up (Article 961 of the Civil Code of the Russian Federation);
• conditions on the liability of the insurer and the insured, in particular, for violation of the terms for paying the insurance premium by the insured, payment of insurance compensation by the insurer upon the occurrence of an insured event;
• information about the insurance rules of the insurer, attached to the contract as an integral part of it (Article 943 of the Civil Code of the Russian Federation).

Note that the lack of agreement on any other (besides the essential) terms of the contract is not considered as a basis for recognizing the contract as not concluded.

Each of us, regardless of material security, gender, social status, risks his life every day, driving a car, crossing the road, buying food, including a gas stove or relaxing on a pond.

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Insurance of this kind does not guarantee a person the preservation of his life, but helps to accumulate money capital in time for the agreed event. It is aimed at protecting the financial interests of beneficiaries in the event of the death of the insured person.

What it is

Life insurance is a type of compulsory and voluntary non-property insurance, the object of which is the life of a person and his property interests.

Life insurance is a mandatory type. The state obliges employers to insure their employees in case of death or disability.

To this end, they pay monthly contributions to off-budget funds. The risks of occupational death and disability are among those on the basis of which life insurance is carried out.

One of the main risks that a person is exposed to throughout his “working life” is the risk of being left without financial support in old age.

That is why employers pay contributions to. Certain categories of workers endanger their health every day.

For example, doctors run the risk of contracting incurable infectious diseases for a long time of their professional activity, the consequences of which are death. Their employers are required to pay contributions to the Compulsory Medical Insurance Fund.

Life insurance is non-property. The object of insurance is the life of a particular person and the property interest acquired during it.

Property interest is associated with the risk of death, therefore, in general, this type of insurance is not positioned as property insurance.

Scheme: forms of life insurance.

For example, a person under a voluntary insurance contract provides himself with an additional pension in old age.

Life insurance is provided on a voluntary basis. This is due to the nature of voluntary insurance. It is always considered as an addition to the mandatory.

For example, payments to an employee in case of temporary disability from the state are negligible in relation to the cost of medical and sanatorium-resort provision.

He can additionally insure himself against the risk of disability and, in the event of an insured event, receive monetary compensation.

Payment of this kind guarantees the provision of property interest, and as a result, the protection of the non-property object of insurance.

Peculiarities

The main feature of such insurance is its object. Only life insurance provides protection against mortal risk.

Such insurance is long-term and is not issued for a period of less than 1 year. It is characterized by the presence of an accumulative period.

The term of the agreement is by default an accumulative period, unless otherwise provided by the agreement or it is not for life.

The policyholder, at his discretion, chooses the regularity of making insurance premiums (year, quarter, month, half a year, etc.).

The money that the insured pays to the insurer is in constant circulation. He invests them, thanks to which, by the time the insured event occurs, the premium will significantly exceed the total amount of contributions.

Insurance premiums can be paid in different ways. For example, in addition to the standard one-time allowance, you can stipulate the receipt of rental payments. This type of insurance differs in that it is directly related to investment.

The policyholder under the contract invests in his future or the future of the beneficiaries. Like most types of long-term insurance, life insurance implements a cumulative function.

This is a deposit that provides a decent life, but unlike a bank deposit, it cannot be withdrawn at any time.

What are the goals and tasks

Life insurance helps to solve a number of social and financial problems of policyholders and insured persons. The social purpose of life insurance is to strengthen assistance to pensioners, persons who have lost their jobs or are unable to work.

It helps to eliminate the existing shortcomings in the system of compulsory state insurance and the insufficiency of the proposed security through the introduction of a funded system.

The financial goals of such insurance are based on the protection of the property interests of the insured.

The goals of a social nature are:

• protection of the family in case of loss of the breadwinner, his death;
• security in case of temporary or permanent disability;
• securing an old age pension;
• accumulating financial resources to support children (for example, buying real estate, getting an education);
• payment for funeral services.

Financial Goals:

• accumulative, related to the receipt of interest from investment activities and capital investment;
• protection of private capital, the interests of partners in the event of the death of the insured person;
• protection of the inheritance by paying inheritance tax from the premium, facilitating its transfer to the receiver or exemption from taxation;
• increase in personal income through the use of preferential taxation and life insurance payments.

The objectives of life insurance are:

• ensuring the material well-being of the insured person;
• protecting the family from the risk of loss of livelihood;
• improvement of the existing system of compulsory insurance;
• resolving monetary issues related to inheritance taxation;
• preservation of the capital of the insured person;
• reduction of income tax on the property of individuals;
• ensuring the implementation of basic labor human rights;
• reallocation of resources;
• investment.

The obligation to insure life and health is not assigned by the state to a citizen (the Civil Code of the Russian Federation). But a number of reasons may compel him to do so.

rules

Non-budgetary funds, insurance companies and accumulative organizations, depending on the type of insurance, act as insurers. The insured may be capable individuals and duly registered legal entities that conclude an agreement with the insurer.

Only a natural person, not less than 14 and not more than 100 years of age, can be insured under the contract, unless otherwise provided by the contract.

Legal entities and individual entrepreneurs can act as insurers in relation to their employees. They are also required to pay contributions to state funds.

The beneficiary may be the insured himself or third parties in whose favor the agreement is drawn up.

The policy is a standard document that confirms the right to an insurance premium. The object of insurance is the property interests of the insured person associated with survival to a certain age, death.

Insured events, depending on the conditions, may be:

• survival to a certain date, age;
• death of the insured person for any reason;
• primary diagnosis of a deadly disease;
• disability for any reason;
• hospitalization for any reason;
• death from an accident;
• full or partial permanent disability;
• bodily injury as a result of an accident;
• hospitalization, surgical interventions as a result of an accident;
• temporary disability.

Persons not subject to life insurance:

• persons who are over 100 years old at the time of termination of the contract;
• under mixed insurance programs, the age limit is in the range of 16-65 years;
• under death insurance programs - 5-90 years;
• for disability insurance - depending on gender 18-60 years;
• regarding permanent disability - 18-65 years;
• under programs for the protection of insurance premiums, their exemption from taxation;
• under accident insurance programs - persons from 1 year to 65 full years at the time of termination of the contract;

Insurers may impose additional age limits at their discretion.

Conditions

It is concluded on the basis of an oral or written application of the insured. It can be individual and collective.

Therefore, the insured person can be represented in the contract by indicating statements of a personal nature or by a list.

When concluding an agreement, the policyholder is obliged to communicate all the conditions regarding:

• determining the degree of risk;
• essential for the insurance assessment;
• determination of individual properties, insured property.

Insurance conditions can be:

• information regarding the state of health of the insured;
• information about the degree of risk to which the insured person is exposed in the course of his/her work activity;
• information about third parties that may cause an insured event;
• information about inheritance and successors;
• information regarding the beneficiaries under the contract.

The insurer assesses the degree of risk at different stages of the conclusion of the contract and even before the creation of the draft document itself.

If the insurer has not carried out a risk assessment prior to the conclusion of the contract, it may establish a waiting period. The contract cannot be concluded without specifying the risk of "death of the IP".

What are the programs

Life insurance rules provide protection under one or more of the following programs:

• mixed;
• life;
• term;
• in case of survival and death;
• credit life insurance;
• program by the deadline.

In addition to life insurance include:

• from accidents;
• regarding the protection of insurance premiums;
• regarding exemption from paying insurance premiums.

The minimum duration of any of these programs is 1 year.

Compulsory life insurance

The insurers are FPS and MHIF. Insurers under the contract can be legal and physical, as well as individual entrepreneurs who use hired labor. Employers are required to pay monthly contributions to off-budget funds.

An employee can additionally protect himself and conclude an insurance contract. Under the contract, the insured may be one subject or a list subject to collective insurance.

In many civilized countries, life insurance is a fairly common phenomenon. Many citizens turn to this service voluntarily, regularly pay contributions, insure themselves, children, property, etc.

In Russia, this is not accepted, the inhabitants of our country are distrustful of the provision of such a service by insurance companies. In our country, voluntary insurance is considered the lot of the rich. Of their own free will, the Russians are rarely insured. Basically, it is a mandatory clause in any contract: for hire (the organization provides to the employee), for credit, for hazardous production, for registering a car, etc.

It will turn out very well if nothing happens to a person in his whole life, there will be no accidents, he will calmly live old age in the circle of his relatives and accumulate a decent amount of money to leave to his loved ones. But we all know that life is unpredictable. It happens that, having a family, a job, a home loan, a person gets into an accident, gets seriously injured and loses his ability to work, albeit for a while. In the absence of reserve capital, the situation will be ruinous. But if certain risks were foreseen, the insured person will be paid a compensation amount that can be used for treatment, rehabilitation or funeral.

When is this document produced?

The domestic financial market provides insurance services to the population. Life insurance provides for the design policies and contracts. Most insurance companies consider insured event not only the death of an individual, but also the accident and illness of the client.

The insured is obliged to pay certain amounts as monthly installments. These contributions can be regular, or you can agree on a one-time contribution. Upon the occurrence of an insured event, the company undertakes to pay savings with possible interest at a time, or the payment of funds can be agreed regularly, after a certain period of time before or after a certain moment, or for life.

To understand the essence and procedure for drawing up an insurance contract, you first need to understand basic terms and actors:

Russian legislation regulates the procedure for the formation of contracts of this type.

A document drawn up for life insurance of an individual must comply with the following requirements:

• an indication of all the details of the parties to the transaction and the duration of this agreement;
• listing all insurance risks for which cash payments are provided;
• decryption of force majeure;
• determination of the sum insured, which the company undertakes to reimburse in the event of an insured event;
• signatures of the parties to the transaction.

The signed contract is accompanied by the issuance of a special policy, which serves as confirmation of the transaction. After the procedure, the policyholder is obliged to pay insurance premiums, the amount and date of receipt of which is specified in this contract.

There are several cases where life insurance may be required natural person:

• lending (in particular) - banks themselves enter into an agreement with an insurance company, entering the borrower's data there;
• dangerous production - the employer insures his employee and undertakes to pay his family the full cost of the contract upon the occurrence of an insured event;
• car insurance - the state obliges the owner to conclude a life insurance contract upon registration; insured events are usually associated with car accidents;
• traveling abroad - traveling outside your country involves temporary life insurance for a citizen during his stay in another state.

Varieties

This service can be classified in different ways, depending on many factors. Each form provides its own characteristics of a certain kind.

So, according to the main criteria, the following are distinguished types of life insurance contracts:

These criteria determine the specifics of life insurance contracts, and the main three basic types differ according to the period of conclusion of the contract:

1. Lifetime - insurance is paid out immediately or in equal parts to the beneficiary upon the death of the insured person.
2. Urgent - periodic payments in favor of the beneficiary upon the occurrence of an insured event before the period specified in the contract.
3. Mixed - insurance can be reimbursed in case of death of the insured during the period of the contract and if he remains alive after the date of its expiration.

In addition to these types, there are also contracts voluntary and compulsory life insurance. The first type provides for the desire of the insured, on his own initiative, to provide for certain risks and protect himself and his loved ones from financial problems in the event of his own death. As for another type of insurance, here an individual is obliged to conclude such an agreement (creditor bank, the state when issuing an OSAGO policy, CASCO, etc., an employer when accepting a citizen for a dangerous job, etc.).

Also exists in the financial market in the Russian Federation. It means the conclusion of an accumulative insurance contract, that is, from the moment the deal is concluded with the insurance company, the insured periodically (monthly, quarterly, annually, etc.) pays insurance premiums. Their amount is fixed in a specific clause of the contract, and upon completion of its validity, the insurer's income from financial transactions in favor of the beneficiary will be added to the savings. Thus, this is a fairly profitable passive income (up to 12% per annum), and partial withdrawals from the account are allowed before the expiration of the contract.

It turns out that the most important points in any life insurance contract are the object (the one who is insured), the subject (the one who will get the insurance amount) and the term (the period of validity of this contract). The remaining factors can be considered additional, but they significantly affect the cost of services provided and the final amount of payment in the event of the death of the insured object.

Termination procedure

The Civil Code of the Russian Federation, or rather Article 958, allows insured citizens to terminate the contract with the insurer.

Here, financial losses are inevitable, but they can be reduced by taking into account some important nuances.

The contract is terminated for three reasons:

According to the federal legislation of the Russian Federation, termination early life insurance contract is possible in case of:

• an incident that does not fall under the concept of insurance risk;
• changes in life circumstances. persons (dismissal from dangerous work, termination of travel abroad, sale of a vehicle, etc.).

If the contract was terminated at the initiative of the insured, the redemption amount will not be returned to him.

Often, life insurance is imposed on the client by the state or the creditor bank, and after some time the person realizes the inexpediency of this decision. Unfortunately, nowhere in the legislation is there a prescription that determines a fixed amount of payments, it is determined by the insurer and prescribed in the contract.

When contacting the company, the client must have with you passport and draw up an application for termination of the life insurance contract. It should contain the name of the organization providing insurance services, the full name of the insured person, an indication of the previously signed contract, the request itself and details (date, signature). The request may express a desire to terminate the transaction or pay insurance premiums.

Termination of the insurance contract when applying for a bank loan includes the following details:

1. The mortgage provides for compulsory insurance of the borrower in the first year of the loan agreement, and then this service is paid voluntarily.
2. If you opt out of your own life insurance when paying a mortgage loan, 1% is usually added to the cost of the product.
3. Early repayment of any loan means the end of the insurance contract with compensation of funds for the remaining period.
4. The insurance premium is paid over a three-week period.

Termination of an agreement OSAGO occurs in the presence of one of the following three cases:

1. A vehicle bought on credit was sold to someone. The borrower draws up an application, attaches to it his passport data, a copy of the policy and a paid receipt.
2. The car is not recoverable after an accident. To the specified list of documents, it is necessary to attach a certificate from the traffic police confirming the fact of the accident and a paper from the service station about the impossibility of restoring the car.
3. Bankruptcy of an insurance company.

The procedure for calculating the redemption amount

The redemption amount is the money intended for payment to the insured by the company upon termination of the life insurance contract.

It consists of the reserve paid by the insured as regular insurance premiums and accumulated investment funds. The insurer calculates the share of the contributions that he is ready to return as a redemption amount, and he is obliged to pay out the investment in full. However, due to the fact that some of the savings are in circulation, the applicant will have to wait.

Since one of the parties decided to terminate mutual obligations on its own initiative, it is she who will suffer some losses. That is, the entire accumulated premium reserve is subject to payment, minus the penalty for early termination of the life insurance contract. The redemption value is formed after two years of the contract, and it increases every year. When the term of insurance expires, the redemption amount will be equal to the cost of the entire insurance.

As a rule, the contract contains a guaranteed amount of payment in this case, but the insurer will still have to recalculate the redemption value of insurance at the time of the client's request. The amount of the payment will fluctuate depending on the current state of the market and interest rates. Also, various bonuses, if any, are taken into account.

Getting a tax deduction

Tax legislation provides for payment to citizens at the cost of life insurance. The amount of all taxes paid for the year can be returned, and this scheme can be implemented for three years in a row if the total tax deduction for insurance exceeds the annual payments to the budget.

Using the possibility of a tax deduction for life insurance, you can get a tax relief or receive a lump sum payment that compensates for part of the money. This procedure is only possible with a long-term provision of the service.

The deduction is compensated if life is insured:

Mandatory conditions:

1. The duration of the contract is at least 5 years.
2. The insured must be a citizen of the Russian Federation.
3. Regular receipts only from your own wallet.
4. Official employment and regular payment.

Taxpayers have the right to count on monetary compensation for the cost of a life insurance contract when applying for a mortgage.

The amount due for each reporting period should not exceed 120,000 rubles, the balance of the payment is carried over to the next year.

In recent years, the number of life insurance contracts, including voluntary ones, has significantly increased in the country. Citizens are aware that this is a rather profitable way of investing money, which also provides social guarantees to the insured person and his relatives in case of any emergency.

The rules for terminating life insurance contracts are described in the following video: