Insurance Company for mortgages for Sberbank have been reduced

[mahbubamim077]

If the bank does not accredit the insurer, the borrower will have to purchase another insurance. In this case, it is unlikely that you will be able to get your money back in full for the policy you purchased earlier. Although the “cooling-off period” has been extended from 14 to 30 days since January 2024, it will be difficult to terminate the contract.

After all, these rules only apply to voluntary types of paytm data insurance, which do not include a policy for protecting against the risks of an object purchased with mortgage funds. IMG_256 Read also Earn money by selling the course “The profession of an insurance agent” VTB criteria for accreditation of mortgage insurance companies This financial institution sometimes accepts policies from other insurance companies when drawing up a mortgage agreement.


It sets the following conditions. The policy issued to the insurer must meet the requirements. In particular, the insurance company is required to: license to provide insurance services; conducting activities within the framework of the laws of the Russian Federation, providing reliable information and documents; at least 3 years of experience in the market; absence of overdue or outstanding debt in the amount of more than 10% of the company's assets.

In addition, the company's insurance portfolio must be balanced, and the authorized capital must comply with the Law of the Russian Federation of November 27, 1992 No. 4015-1. That is, the basic requirements imposed by VTB Bank on insurance companies relate to their financial stability, work experience, and licensed activities.