Life and health insurance for a mortgage: where is it cheaper, accredited companies, how much does it cost?

What insurance is required for a mortgage with Sberbank

When purchasing a mortgage from Sberbank, the borrower is required to insure it. If the client does not want to take out insurance, the bank will refuse the loan. There are three types of mortgage insurance: real estate, title, and life.

At Sberbank, only insurance of purchased housing is mandatory. This insurance is purchased using the borrower's personal funds.

Life and health insurance for a mortgage with Sberbank is not a prerequisite. But it is worth knowing that if the client refuses life insurance, the bank will increase the interest rate by at least 1%.
Therefore, in this case, the client will lose much more money due to an increase in interest on the loan than he would have paid for life insurance.

Select insurance:

Real estate insuranceReal estate

Life InsuranceLife

Life and real estate insuranceLife and real estate

About life insurance from Sberbank

Nowadays, clients can apply for the service not only by visiting offices in person, but also remotely using the official page. You can count on Sberbank to fulfill all obligations if an insured event occurs.

Insurance from Sberbank is designed to protect citizens

Here you need to take into account some nuances:

The determining factor for the amount is the balance of the debt on the client’s account.
Typically, the cost of insurance is up to 1 percent of the amount of insurance benefits.
Using the official page, you can get a preliminary personal consultation on how much the contract will cost.
You can always extend the policy, even if previously, for example, it was issued only for 1 year.
The program involves connecting automatic payments.

Thanks to the last option, you can forget about the problem with timely payments. Sberbank does everything for the convenience of clients.

Where to insure a Sberbank mortgage

When applying for a mortgage, a Sberbank employee offers to arrange this service through the bank. At the same time, Sberbank offers those insurance companies with which it cooperates. In this case, the interests of the client are not taken into account; you are simply offered a limited list of companies whose conditions you cannot carefully compare.

We recommend choosing your own insurance company based on ratings and reviews. POLIS812 presents the most reliable insurers .
To help you save on mortgage insurance, our center gives you 500 bonus rubles for registering in your personal account, which can be used to pay for up to 25% of the insurance. Also use the promo code for an additional 15% discount.

You have the right to choose insurance from any insurance company. For this purpose, there is a list of accredited companies that cooperate with Sberbank. Those companies that do not have an agreement with the bank can offer the borrower more favorable prices for the policy, while convincing the client that there will be no problems.

Many clients are afraid of loan refusal, so they take out a policy at the bank. But in fact, the borrower has the right to choose an insurance service from any accredited company. Later in the article we will present a list of these companies.

Mortgage insurance on the POLIS website

Large selection of insurance companies, low prices, receive an insurance policy by e-mail

Get insurance

How to choose an insurer?

You should not focus only on attractive tariff rates. A potential counterparty to an insurance company needs to conduct a comprehensive analysis of the counterparty’s business. When choosing an insurer, you need to pay attention to financial stability and ratings assigned by specialized agencies. Choose a domestic company that has been operating on the market for at least 10 years and does not offer tariffs below the market average.

Almost all insurers turn to rating agencies in order to receive a professional assessment of their business. Organizations that receive a rating of the letter A are considered reliable. This level is divided into three types: “high,” “very high,” and “exceptionally high.” The last option is considered the highest assessment of the company's activities. It is important to pay attention not only to the current rating, but also to its predicted values in the long term. Some legal entities may have no rating at all. This suggests that the owners did not want to pay for assessment procedures and decided that it would be more profitable.

The policyholder should know not only the rating compiled by professionals, but also the opinion of the public. There are a large number of sites on the global network that publish positive and negative reviews about the activities of a legal entity. A large number of negative statements indicate that the company does not pay attention to customer service.

Particular attention should be paid to the financial stability of the business. The authorized capital of a legal entity selling insurance policies must be at least 240 million rubles. The constant growth in revenue and profit indicates the positive dynamics of business development. The presence of free assets acquired at the expense of collected premiums indicates the solvency of the legal entity.

Carefully study the components of the investment portfolio, the size of the formed reserves and the volume of payments for unfavorable events. Compare the information collected with the performance of competitors. If a company is overly involved in risky types of insurance, reduces reserve funds and does not pay money to clients, then it is better not to cooperate with it. It is better to find a reliable partner who adheres to conservative strategies.

If the insurer goes bankrupt, counterparties will lose the premiums they have paid (they are not insurable). You need to buy an insurance policy from a company that has entered into an agreement with a well-known Western holding company. Financial protection allows you to avoid bankruptcy when an economic crisis occurs.

Study the commercial offers of financial institutions accredited by the bank. Too low tariffs should alert the client. Insurers who engage in dumping often go bankrupt. The policyholder can receive additional economic benefits through various bonuses and loyalty programs.

Visit the Insurance Company office and take a sample contract. Observe how staff interact with each other and with customers. Politeness and attentive attitude towards visitors indicate a developed service culture, which is a serious competitive advantage.

The value of the tariff depends on various parameters (the health status of the policyholder, the nature of the surgical interventions undergone, etc.). The final premium amount is calculated after analyzing the documents provided by the counterparty.

Where is it cheaper to get insurance for a Sberbank mortgage: on DomClick or another company

Every day our clients receive SMS messages from Sberbank encouraging them to take out mortgage insurance on DomClick. However, not many people know that tariffs vary greatly from company to company. On DomClick they are much higher than on Polis812.

*An example of a message about the renewal of mortgage insurance.

We previously told you that the client has every right to choose his own mortgage insurance company. The borrower can always compare all offers and choose the most profitable one for himself.

Insurance price calculations for DomClick and Polis812

An example of calculating mortgage insurance on DomClick. For comparison, we took apartment insurance, the amount was 4 million rubles. DomClick offers two insurance options costing 9 thousand rubles: VSK and SberInsurance.

To calculate the cost for Policy812, we take the same data: apartment insurance, amount - 4 million. On our website for this request the following companies are presented: Absolut Insurance, Renaissance, PARI, VSK, Ingosstrakh, SberStrakhovanie.

Note! Insurance from VSK for Polis812 is 2 times cheaper: for DomClick - 9,000, for Polis812 - 3,740 rubles.

Thus, SMS messaging from Sberbank forces clients to “renew” their mortgage insurance on their service. But the prices there are much higher. Be careful and choose profitable and reliable options.

What does accreditation of a company by Sberbank mean?

Sberbank is the undoubted leader in the country's banking sector. As an example, we can cite the following data: in terms of assets, it is almost 2.5 times ahead of VTB, which is in 2nd place in the ranking. The logical consequence of this situation is the presence of a huge customer base. It is not surprising that any insurance company would like to be among those accredited by Sberbank. However, doing this is far from easy even for large and well-known insurers.

For example, the recent leader of the country's insurance industry, Rosgosstrakh, lost its accreditation with Sberbank in the second half of 2021 due to violation of several requirements of the credit institution. This decision almost immediately affected the financial condition of the insurer, which had previously been the most stable. Moreover, at the end of 2021, Rosgosstrakh insurance company immediately dropped to 9 places in the ranking of the largest insurance companies, falling from 1st to 10th place. It is important to note that the outlook for 2021 for the insurer is also quite unfavorable. The above example shows the importance of successful cooperation between an insurance company and Sberbank and the availability of the accreditation necessary for this.

What factors influence the cost of insurance?

Factors influencing the price of the policy for life insurance:

- Floor. The insurance rate is primarily influenced by the gender of the borrower. As a rule, the cost of insurance for women is 30-50% lower than for male borrowers.

- Age. The higher the age, the higher the rate. With age, the likelihood of illness and death increases, so the difference in the price of a policy between a 30-year-old and a 50-year-old can be 5-10 times higher.

- Health. The client fills out a health questionnaire in which all diseases must be indicated. The presence of serious health problems is another factor that can greatly affect the price. But you should not hide illnesses, because if an insured event occurs, this may become a reason for refusal of payments. The price also depends on the person’s body weight. Excess weight raises the stakes.

- Profession. The lowest rates are provided for office workers. But for dangerous professions the cost increases. These include the military, the Ministry of Emergency Situations, the police, etc. Borrowers in this category of professions may find it difficult to find a company that would agree to insure them.

Factors influencing the policy price for property insurance:

- Type of housing. An apartment in a multi-storey building will have a lower tariff compared to a private house.

— Year of construction. Tariffs for new buildings will be lower. The older the year of construction, the higher the cost of insurance. Some insurers will refuse coverage if the home is older than 1950.

— Wall material. The presence of wood in a building increases insurance rates

— Sources of open fire. When insuring, it is necessary to take into account the presence of sources of open fire - gas, fireplace, sauna.

Life and health insurance

When completing a credit transaction, this step is not required. This is a right, and if the applicant uses it, the loan rate decreases, and the degree of trust of Sberbank increases. The full list of recommended organizations includes about 15 names. The list is not static and is constantly updated with new partners. However, there are insurance companies that constantly cooperate with Sberbank, for example, Absolut Insurance, Alfastrakhovanie JSC, Ingosstrakh SPJSC. The best alternative is bank subsidiaries.

Sberbank cannot force you to insure yourself. However, it retains the right to raise the loan rate by one or more percentage points in the absence of a policy. By this measure, the financial institution eliminates the risks that arise when the borrower becomes a disabled person of the first or second non-working group as a result of illness or injury. The inability to earn a normal income does not allow you to repay the loan on time. The insurance company does this instead of the debtor.

Insurance of a client's life and health when applying for a mortgage loan at Sberbank has its positive and negative characteristics. A preliminary study of the main nuances will help the borrower avoid common mistakes and assess the feasibility of purchasing a policy.

Advantages and disadvantages

Even if the client has serious health problems, he will be able to pay off the mortgage debt.

Those citizens who have insured their life and health can take advantage of the favorable conditions for issuing a mortgage loan. A mortgage without insurance carries a higher interest rate.

If an insured event occurs, the borrower can count on full compensation of the loan debt.

Large selection of insurance programs.

Stability and reliability of the company. The borrower does not have to worry about situations where compensation is denied due to the insurer’s lack of finances.

A fixed tariff, which the company has no right to change throughout the entire term of the contract.

High tariff.

Even a one-time late payment may result in automatic termination of the contract.

The client must be prepared for additional time and financial costs for obtaining an insurance policy.

To reduce annual interest rates, the insurance policy must remain valid throughout the entire loan term. Most often this is 10-30 years, and during this period of time a large amount can accumulate.

Current conditions

To determine the feasibility of cooperation with a particular insurance agent, it is necessary to study the proposed conditions. Please consider organizations recommended by Sberbank. Thus, a policy from SAC Energogarant, Absolut Insurance LLC, Sberbank Insurance JSC will cost 0.70-3.45% of the amount determined by the client. This is the case if we are talking about the life and health of the borrower, which is determined individually, discussed, agreed upon, and recorded in the contract.

Insurance programs

A number of software products have been developed that ensure the financial security of Sberbank borrowers:

Multipolis "No worries". Versatility is expressed in an extensive list of insurance policies.
Home protection. A complex specially developed by Sberbank for mortgage clients.
Protection of loved ones. It involves inclusion in the policy not only of the loan applicant, but also of his relatives and family members.
From accidents and illnesses. Features: low tariffs, beneficial for job seekers, as well as wide coverage.
For travelers. The name itself already suggests that such insurance is ideal for people who prefer active recreation or those who often go on business trips.
For holders of Sberbank plastic cards. The product protects funds on credit and debit cards, as well as transactions made using credit cards.

For privileged clients of Sberbank, a special savings and investment life insurance has been developed, which is available to owners of the “First” or “Premier” package. For conditions for obtaining privileged user status, see the corresponding section of the site.

Review of accredited insurance companies

The bank, including the organization in the list of partners, conducts a thorough analysis of financial stability according to 13 criteria. The interests of the creditor and debtor are identical. If something goes wrong and payments become problematic, the bank should receive its money, and the borrower will be freed from debt obligations. Based on accreditation data, insurers have been selected to guarantee payments if the debtor becomes insolvent and is unable to make mandatory payments on time according to the schedule.

Absolute Insurance

This representative allows you to enjoy benefits when applying for a loan, as he closely cooperates with the largest bank in Russia. In particular, partnership is expressed not only in the protection of material interests, but also in participation in the “Thank You” loyalty program. Now IC PJSC SAC Energogarant and Absolut LLC are among the fifty best representatives of the market. Moreover, Energogarant took 48th position in the all-Russian ranking, which indicates reliability and trust from the population.

Sberbank life insurance

This company is a subsidiary, and therefore enjoys maximum popularity among citizens of the Russian Federation. The bank, trying to lobby its own brainchild, develops proposals that are most beneficial for borrowers. Over the last year of operation, the organization has collected contributions in excess of 32 billion rubles, which proves maximum trust. Moreover, Sberbank does not impose conditions and provides the right to choose.

CO Surgutneftegaz

This is the brightest representative of the insurance business in the Russian Federation. In the Urals and the territory of Western Siberia, this is Surgutneftegaz SO LLC - the undisputed leader. Being a subsidiary of the owner of the largest oil fields and at the same time a client and partner of the bank, the insurer offers flexible terms of the insurance contract for each applicant. And the founder of JV “Surgutneftegas” is a joint-stock company with the same name. Financial stability is supported by funds received by the parent holding company from the sale of crude oil.

Liberty Insurance

The guarantor of stable insurance payments is the international group of the same name, of which this organization is a part. In the all-Russian ranking, it took 40th place among financial structures providing insurance services. The availability of international capital support makes it possible to pay off policies with extensive coverage. At the same time, the tariffs are more than acceptable. This fact sets the corporation apart from competitors from Russia.

Zetta Insurance

After assessing the volume of insurance premiums, experts came to the conclusion that this company was located at the 24th level of the rating. Popularity is ensured by conscientiousness in the issue of reimbursement of payments in the event of insured events. Many people remember the former name – “Zurich”. Tariffs are minimal, which has made it possible to become a partner of almost all credit institutions operating in the Russian Federation.

When choosing an insurance agent, pay attention to Energogarant, SOGAZ LLC and INGOSSTRAKH. All of them are characterized by Sberbank as reliable corporations with a high degree of financial stability and solvency.

How to save on mortgage insurance

Previously, in the article “How to save on mortgage insurance in 2021,” we gave 5 tips on how to purchase insurance more profitably, and also indicated 3 common mistakes when insuring a mortgage. Let's take a quick look at some saving tips:

It is recommended to take out insurance not from Sberbank itself, but from an insurance company. The bank will offer you to purchase a policy from its partner. In this case, you will overpay, since Sberbank includes in the cost of the policy an extra charge for a new client for the insurance company.
You only need to purchase insurance for a year. You can renew your new insurance with another company. When switching from one company to another, there is an opportunity to save money.
When insuring property, choose a woman as a borrower , since rates are lower for women.
If you are a client of an insurance company and purchased MTPL or other insurance from it, then it is worth asking about discounts for regular customers.
Give preference to online insurance. Our example above showed how you can save on online purchases.

What advantages does the program have?

Such personal services have many positive aspects. One of the most important is the ability to purchase insurance on the official website, choosing the right moment for a particular citizen. In this case, the policy does not need to be transferred to representatives of Sberbank. The insurer assumes such responsibilities.

Insurance cost calculations are individual, so each client can choose the ideal conditions for themselves. You can forget about calculating overpayments. It is convenient to use the online service for calculating payments and paying contributions.