Insurance companies working with Sberbank on mortgages - who to work with? — Insurance

The result of cooperation between Sberbank and insurance companies (accredited) is that the mortgage becomes protected from all kinds of risks. The bank is more willing to provide a loan, since in the event of damage or destruction of the collateral, the insurer will compensate for the losses. Having insured life and health, the borrower does not have to worry that in the event of loss of ability to work (permanent or temporary), there will be a delay and a large debt. All expenses will be covered by the insurance agent. The main thing is to use the services of companies recommended by Sberbank.

Features of insurance in Sberbank

By using the services of agents who have not been accredited by Sberbank, people expose themselves to the risk of becoming a victim of insurance fraud. If you take out a policy with a company recommended by the bank, you can completely protect yourself from force majeure circumstances. There are several types of insurance aimed at preservation and protection:

1. Bank deposits.
2. Operations with plastic cards.
3. Loans (mortgages, including).
4. Life and health of the borrower.
5. Collateral property.

Some products require compulsory insurance, for example, when a targeted loan is taken out to purchase a home or other real estate, a car, etc. Voluntary registration of an insurance contract allows you to reduce the loan rate and also inspires confidence on the part of Sberbank. This increases the chances of quick approval of your loan application.

Insurance companies (IC) guarantee compensation for losses after a fire, flood, natural disasters, illegal actions of third parties, etc. Voluntary insurance involves issuing a policy on the basis of which the insurance company guarantees the repayment of obligatory mortgage payments during the period of disability. This is necessary if the borrower has suffered an illness or injury and cannot work normally, and therefore does not have the means to pay off loan obligations to Sberbank.

If the property forming the pledge becomes unusable due to the occurrence of an insured event, the organization that issued the policy will fully repay the balance of the mortgage debt to Sberbank.

The amount of insurance coverage depends on the number of situations provided for in the contract. To protect your investment and eliminate risks, you must:

1. Sign the insurance contract.
2. Pay the required fee.
3. Notify Sberbank and the insurer.
4. Provide the necessary documentation.

The main condition is the occurrence of an insured event provided for in the signed agreement. Sberbank will not require repayment of the resulting debt as a result of the complete loss of collateral if the policy is issued by an accredited organization from the list below.

Mortgage insurance at Sberbank. Peculiarities

Guided by the rules in force in the domestic credit market, all residential real estate that is purchased with the help of borrowed capital must be insured without fail. Similar requirements are put forward by all credit institutions present on the market, as this is provided for by the current legislation of the Russian Federation. This is due to the fact that compulsory insurance of residential real estate purchased with borrowed capital makes it possible to significantly reduce the level of risks for both the credit institution and the borrowers.

If residential real estate purchased on credit is lost or damaged for any reason, the borrowers will receive an insurance payment, the amount of which is agreed upon at the conclusion of the contract. This payment will go to the bank account to repay the mortgage loan. It is for this reason that the insurance contract when applying for a mortgage loan is initially drawn up in favor of the credit institution. Since residential real estate is pledged, in fact, its owner is the credit institution, and therefore the insurance payment is due to it.

It is important to mention the fact that any of the credit institutions present on the domestic market cooperates with a specific insurance organization in which the borrower is obliged to take out insurance for residential real estate purchased using borrowed capital. Sberbank clients are required to obtain insurance for real estate purchased using credit funds from a subsidiary of the bank called Sberbank Insurance.

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:

1. Multipolis "No worries". Versatility is expressed in an extensive list of insurance policies.
2. Home protection. A complex specially developed by Sberbank for mortgage clients.
3. Protection of loved ones. It involves inclusion in the policy not only of the loan applicant, but also of his relatives and family members.
4. From accidents and illnesses. Features: low tariffs, beneficial for job seekers, as well as wide coverage.
5. 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.
6. 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.

Mortgage insurance at Sberbank

The bank’s task is to secure the collateral property from loss and damage, which leads to a decrease in the assessed value. This can happen as a result of fire, flooding, or the result of the activities of third parties. Apartments suffer from man-made disasters, gas explosions, and other misfortunes. Therefore, obtaining a mortgage policy is a mandatory requirement. Then, in the event of an insured event, the costs are paid by the agent, and not by the lender, and especially not by the co-borrowers.

Question to the expert

Can a bank terminate a mortgage loan agreement due to failure to pay insurance?

In practice, such situations have not yet been recorded. But this point may be indicated by bank employees in a claim against a borrower who has stopped making monthly loan payments. In court, late insurance will be used as an additional argument to collect the debt from the borrower, evict him from the mortgaged apartment and sell the collateral.

Where can I see documents that confirm the bank’s right to cooperate with insurance companies?

The choice of an insurance company is made taking into account that the client can be offered favorable terms for concluding a contract. Sberbank works on the basis of a special agency agreement with each insurance company. This document can be provided to the client upon formal request. You can double-check your existing powers and the relevance of the agency agreement on the insurers’ website (in the register of insurance agents and brokers).

If you need to take out a mortgage loan using maternity capital, then what amount will the insurance be calculated from, taking into account the fact that the Pension Fund does not immediately transfer the money to the bank?

You need to have life insurance for the entire amount of the mortgage. The Pension Fund of the Russian Federation transfers funds to the balance sheet of the financial company after 2-3 months, which is why the bank lends the client the full amount during this entire period (excluding maternity capital).

Conditions

In this case, there is no monopoly, and no one imposes mandatory contributions. Insurance companies offer a variety of products in a competitive environment, and it is important to make the right choice. Lobbying the interests of subsidiaries is not a determining factor. Each individual chooses an applicant from among accredited insurance organizations. Sberbank's list includes only market leaders with proven solvency, established reputation, and reliability.

Available insurance companies

The entire list is published on the bank's official website. There are many positions, and they are arranged in alphabetical order. It is difficult to compare all proposals and conduct a qualitative analysis. Therefore, please use the description below. All participants, which will be discussed below, occupy leading positions in the TOP Russian insurance companies. Their activity consists of issuing policies on real estate provided as collateral.

RESO-Garantiya

In terms of collections for the last reporting period, this organization took 4th place in the national insurance rating. This is the only representative, not counting subsidiaries created on the basis of Sberbank, that is ready to insure the property of borrowers over 60 years of age. From time to time, promotions are held that allow you to issue a policy at a discount on preferential terms. Reliability is also indicated by the RAEX (Expert RA) rating ruAA+ - “stable”. The status was assigned based on the results of work in the previous year.

VSK

Based on the results of an analysis of feedback from Sberbank clients, VSK took 15th place in the rating. But if we take into account the volume of fees, the company is deservedly in the 8th line. RAEX (Expert RA) rating ruAA – corresponds to a high level of financial stability. Represented in almost all regions of Russia. Tariffs cannot be called minimal, but it is possible to submit an application online, indicating data on the insured object, full name, phone number, email. This significantly saves time spent on applying for a mortgage.

VTB Insurance

This is 7th position in the reliability rating. Founder of PJSC with the abbreviation of the same name. The ruAAA rating is forecast “stable” (according to the Expert-RA method). Covers almost all regions of the country. Unlike VSK, LLC IC VTB Insurance from PJSC VTB plans to stop operating under this name. The new owner is SOGAZ. Therefore, clients who have signed up for an insurance contract do not have to worry about timely payments if an accident occurs.

AlfaInsurance

The constant desire to become a leader in the insurance market allowed us to take second position in the national ranking. According to the Fitch Ratings method, at the “BB” level, the reliability forecast level is “Positive”. And according to Expert RA - ruAA+, the rating is “Exceptionally high level of stability”, the forecast is “Stable”. Tariffs are reasonable. And when renewing a policy from another insurance structure, the applicant receives a discount. A permanent partner of Sberbank, as he always fulfills his obligations under the contract.

Insurance companies-partners of Sberbank for mortgages

A bank client in need of a loan is required to contact one of the accredited insurance companies if required by the loan agreement. Sberbank may require the client to purchase life, disability, or collateral insurance. If something happens to the insured object, the insurance company will compensate for the losses.

Such insurance may have both advantages and disadvantages. On the one hand, it is very convenient to deal with insurance companies accredited by the Central Bank of the Russian Federation. A Sberbank client does not need to look for an insurance company or understand the nuances of obtaining insurance - all documents are drawn up immediately along with the loan agreement. The disadvantage of such insurance is that the client does not have the opportunity to choose more favorable insurance conditions.

Sberbank “imposes” on the client insurance companies that he has chosen himself. A bank client does not have the right to enter into an agreement with a more profitable insurer. Most often, insurance of collateral is carried out by insurance companies that are part of the Rosgosstrakh group.

For a consumer loan from Sberbank, insurance is not required and depends only on the client’s wishes. With mortgage lending, only the risk of damage and loss of the property is necessarily insured.

Many insurance companies strive to obtain accreditation from Sberbank, because this ensures an increase in their client base. Sberbank cooperates only with insurance companies that meet certain requirements:

1. Activity in the insurance market for 3-5 years.
2. The insurer's license has not been revoked, liquidation or bankruptcy proceedings have not been undertaken, and the property is not under arrest.
3. Good reputation of the insurer (has no litigation or arrears in payment of insurance payments).
4. Good reputation of shareholders and managers of the insurance company.
5. The insurer is obliged to provide the bank with financial documentation (information about insurance participants and financial results of its activities)

Accreditation of insurance companies with Sberbank requires the payment of a special commission. The bank provides the insurer with the opportunity to sell its services and demands its commission for this. These additional costs have to be paid by the insurance company's clients when applying for a loan from Sberbank. In such a situation, the insurance rate is always too high.

Why does the bank need an insured borrower? It seems that when applying for a mortgage, the bank takes a property as collateral and checks the borrower’s solvency. It would seem, why also insure human life and health.

The main banking business is the provision of credit resources. When issuing a mortgage, the bank wants to be insured as much as possible for all occasions. Even in case of, excuse me, the client’s illness or untimely death.

Therefore, life and health insurance for clients has become the norm for the bank.

Those who have taken out a mortgage on an apartment know that Sberbank does not stop at life and health insurance. Another prerequisite for obtaining a mortgage loan is insurance of the property (or in other words: the collateral).

According to the Federal Mortgage Law, under Art. 31, provides that the borrower must insure the property pledged under the mortgage at his own expense in order to mitigate the consequences of a likely situation when an apartment or other real estate becomes uninhabitable due to damage or destruction. When concluding a mortgage agreement, Sberbank's requirement to obtain insurance for the mortgaged apartment or house is mandatory.

All Sberbank mortgage products indicate that the borrower takes out personal health and life insurance voluntarily, with the opportunity to refuse this procedure. However, if Sberbank's mortgage partner insurance companies enter into such an agreement with the borrower, the commission interest rate is reduced by 1% per annum. This is how the bank encourages clients to interact with accredited insurance firms.

Property insurance

Any real estate transferred to the Security Council of the Russian Federation as collateral goes through an assessment procedure and is insured. Accredited organizations have a standard list of circumstances under which an insured event occurs. These include the following situations:

• natural disasters - fires, floods, hurricanes, tornadoes;
• damage to property from unlawful actions of other persons;
• urban disasters - fires, explosions, terrorist attacks, flooding, plane crashes;
• any financial risks due to the loss of an apartment or house;
• loss or damage to property from third-party intervention.

Borrower's life and health insurance

Accredited mortgage insurance companies of Sberbank enter into agreements with borrowers concerning their own life and health. If the client draws up such a document, then his family and friends will not be required to pay the issued mortgage in the event of an insured event; everything will be covered by the money received from an accredited insurer. The document specifies the following cases:

• death of the borrower;
• disability resulting in loss of solvency;
• severe chronic diseases;
• receiving injuries incompatible with further performance.

Having many mortgage products, the Security Council of the Russian Federation is interested in the integrity of insurers, therefore all insurance agencies offering their services undergo mandatory verification of their activities. If the required standards are met, Sberbank considers the company accredited and invites clients to use its services.

The main document indicating that the borrower's property or life is insured is an insurance policy, which will have to be renewed annually. To receive it, you must write an application. It contains the following data:

• name of the mortgage product;
• loan amount;
• all personal data of the client;
• the period for which the mortgage is taken out;
• insurance risks;
• medical indicators of the policyholder.

The application must be accompanied by all documents on the mortgaged property - a certificate of ownership of the apartment, an extract from the house register, an expert assessment of the value of the property, the consent of the policyholder's spouse to the loan, a copy of all pages of the passport, a bank certificate of receipt of the mortgage.

At the Sberbank office

Having chosen a Sberbank company to insure property and life, the policyholder can draw up documents in parallel with the loan product. The client is only required to submit the requested documents, and the paperwork is carried out by employees. This is convenient because it takes a minimum of time and the application is processed very quickly.

At the office of an accredited insurance company

The insurance policy must be issued before the mortgage product is issued, and payments on it occur simultaneously with the issuance of the loan by the bank. The main difference between obtaining a policy from an accredited company and concluding an insurance contract at the Sberbank office is that the policyholder will have to provide the agency with the following documents from the bank:

• number of the mortgage agreement with the date of conclusion;
• loan repayment schedule;
• the last payment date for the loan.

Online

Many accredited Sberbank mortgage insurance companies offer to issue insurance contracts online, via the Internet. In the dialog box, you should select which object will be insured, indicate your data, loan amount, bank name, number and date of the mortgage agreement. After completing the contract and payment, the policy is sent to the specified email address. If the policyholder considers any conditions unacceptable, then you should contact the insurer’s office directly to correct the data.

Let's take a closer look at the conditions of some companies, their advantages and disadvantages.

Sberbank Insurance

You can familiarize yourself with the terms and conditions of the company on the official website of the organization. The following are subject to insurance:

• life of the borrower under the mortgage program, health;
• collateral (real estate and land purchased with a mortgage loan).

The collateral protection program includes the risks of loss and damage to collateral in the event of:

• explosions of various origins;
• flooding;
• the occurrence of a fire;
• natural disasters;
• damage from thefts and robberies;
• robbery;
• deliberate destruction by an attacker and other circumstances, if any are specified in the contract.

Is it possible to get insurance from an organization not on the list?

This step is inappropriate for several reasons:

1. Without Sberbank accreditation, an insurance agent cannot be considered reliable, and most importantly, solvent.
2. Sberbank carefully checks its partners to exclude cooperation with insurance fraudsters.
3. The bank is ready to reduce the rate and offer benefits only if the partner organization takes out a policy.

If the insurance contract has already been signed, and the insurer is not on the list of recommended ones, you can contact, for example, Alfa Insurance. By refusing the services of competitors, you receive discounts and all kinds of benefits, which allows you to save money.

Advantages of cooperation with Sberbank partner companies

Of course, concluding an insurance contract with one of the listed companies is a mandatory condition of Sberbank for a mortgage . But there is a big advantage: all insurers have been thoroughly vetted. Therefore, there is no doubt that they are reliable and solvent. And this comes to the fore if an insured event occurs.

What does accreditation of a company by Sberbank mean?

The term accreditation means that Sberbank has conducted a comprehensive check of compliance with the requirements established for agents capable of ensuring the safety of loans and deposits. More than a dozen parameters are assessed, and when at least one of them is unsatisfactory or raises doubts, the organization is excluded from the list of recommended insurance companies. It is impossible to independently analyze the financial capabilities of a legal entity.

What are the requirements for accreditation?

When making a decision to include an insurance agent in the list of accredited ones, Sberbank always checks that the applicant:

1. Engaged in insurance activities for at least three years.
2. Complied with the standards established by the laws of the Russian Federation.
3. He was not bankrupt and did not initiate the liquidation process.
4. Did not cease operations at the request of the holders of 20% shares.
5. Did not engage in litigation with shareholders owning 5% of shares.
6. I did not receive any notification from the Central Bank about the revocation of the license.
7. Had no debts to clients (not only Sberbank).
8. Provided evidence of the absence of debts of the owners of ¼ shares.
9. There were no persons with criminal records among the leading shareholders.
10. It has earned a reputation as a reliable international partner.
11. Over the past 24 months, I have submitted exclusively reliable information to Sberbank.
12. Regularly disclosed financial and shareholder information.
13. He had no claims or arrests from the Ministry of Justice of the Russian Federation.

If Sberbank finds out that an insurance agent has resorted to corrupt enrichment schemes, the company is immediately excluded from the list, depriving it of accreditation.