Banks have long established cooperation with rhinestone companies and receive good commissions for intermediary services. But insurance itself may not be so much an extra expense as an excellent way to get rid of many risks. Let's consider the offers and tariffs of Raiffeisenbank Insurance.

Tariffs and conditions of insurance at Raiffeisenbank

The bank's insurance services are represented by a whole range of various programs - protection of life and health, credit or credit card, real estate. There is even investment insurance to protect yourself for the future.

Types of insurance programs

Raiffeisenbank provides insurance services through SK Raiffeisenbank Life, or through its partners - Alfa Insurance and MetLife. The list changes periodically.

The table shows the main conditions and tariffs for insurance issued by Raiffeisenbank (except for loans and mortgages):

Raiffeisenbank offers an interesting program “My Safe Bank” - the risks of loss of a card or its secret data, unauthorized access to remote services, theft of money from accounts or robbery when withdrawing cash are insured:

Insurance for registration and consumer loans

Many people neglect this simple way to protect themselves, looking for benefits in the interest they save on paying the insurance premium. Be sure to evaluate all the risks - sometimes insurance can save you from much greater waste of money.

Insurance at Raiffeisenbank for cash loans has a number of fundamental points and protects: partially life and health and the risk of job loss.

Life and health insurance cases

Include temporary disability as a result of bodily injury, disability of 1 or 2 groups, or death (for any reason other than suicide).

To qualify for payment under an insured loan from Raiffeisenbank, the above cases (except death) must not result from:

• Alcohol intoxication (including drunk driving);
• Conditions caused by the use of psychotropic, medicinal, narcotic substances not prescribed by a qualified doctor;
• Pregnancy or abortion;
• Development of acquired immunodeficiency syndrome (formation of a malignant tumor or infectious disease);
• Consequences of a mental or physical defect for which the insured person received advice and medical assistance before entering the program, etc.

Situations not covered:

Insurance cases in case of loss of work

You can apply for payment under an insured loan from Raiffeisenbank in connection with job loss only if the dismissal had specific grounds: Additional conditions without which payment is impossible:

• Continuous work experience at the last place of work - from 6 months;
• Employment - at the main place of work;
• The employment contract is unlimited;
• Notice of termination of the contract was received 60 calendar days from the start of the insurance;
• Registration with social employment authorities to obtain unemployed status.

The insurance payment is sent to pay off the debt to Raiffeisenbank. After settlement of the debt, the remaining part of the insured amount is transferred to the client or his relatives (heirs).

The amount of coverage is determined individually taking into account the characteristics of the borrower: age, place of work, health status, etc. Maximum amount:

• Consumer loan: 3 million rubles;
• Credit card: 1 million

Mortgage insurance

In this case, a mandatory type of insurance is a policy to protect real estate (collateral) from loss and damage.

If the object has not yet been built, insurance is issued after the delivery of the object according to the acceptance certificate.

The remaining types of insurance - title and life and health - are voluntary, therefore they are subject to the same general requirements as insurance for a consumer loan or credit card.

Raiffeisenbank proposes to use a comprehensive program that covers all possible risks:

• Property: destruction or damage to the mortgaged property;
• Loss or restriction of the right to own acquired real estate;
• Death or disability.

The bank immediately warns that refusing comprehensive insurance will increase rates:

Refund of Raiffeisenbank loan insurance

To get your insurance premium paid, follow these simple rules.

Study the insurance conditions in the loan agreement

Since Raiffeisen works with many partners, and the terms of the agreement depend on specific circumstances, contractual obligations for each borrower are individual, the tariff ranges from 1.5 to 6%.

Finding and analyzing an insurance contract is the first task. Afterwards it will become clear whether you can claim full compensation, partial compensation, or will not receive any money at all. Be sure to look at your loan agreement and ask about rate increases if you cancel your insurance.

Introductory period and deadlines

You have 14 days to cancel any Raiffeisenbank insurance (including life and health for a mortgage or cash loan) and issue a refund of the funds paid. This is enshrined in the instructions of the Central Bank of the Russian Federation (dated August 21, 2017 No. 4500-U):

In other cases, the amount of payment is calculated according to the insurer’s coefficients and contributions are returned only in case of full early repayment of the loan:

Insurance return procedure

In the case where there is a chance to count on monetary compensation, the procedure is simple - you write a free-form application addressed to the head of your insurance company to terminate the contract and return the insurance premium, where you indicate:

• Numbers of your contracts (both credit and insurance);
• Contact details;
• Grounds for claiming the amount (preferably a link to a specific clause of the insurance contract).
• Details where to transfer money.

The accepted period for consideration of an appeal is 10 days, unless otherwise provided by the agreement.

Another 10 days are taken to transfer funds from the moment a person is removed from the list of insured persons.

If the decision is positive, notify your bank of the results on the same day remotely (by phone, via chat) and duplicate the information by registered mail with notification to avoid penalties.

Conclusion

Raiffeisenbank insurance is offered to clients who want to protect themselves not only from the risks of everyday life, but also financial ones (if they have a consumer loan, mortgage, from fraudulent activities on cards and accounts). Registration and conditions of insurance at Raiffeisenbank are a more pleasant procedure than the legal return of insurance (according to user reviews, they often delay the deadlines and require unnecessary documents). Before signing documents, carefully study the terms and conditions of Raiffeisenbank insurance - this will save you from unnecessary waste and save time.

When applying for certain banking products at Raiffeisen Bank, the client is often offered to go through the insurance procedure in order to avoid unpleasant consequences and unplanned costs if certain circumstances arise. Insurance is provided by Raiffeisen Life, an insurance company that provides personal, financial and some other types of insurance services.

Types of insurance in Raiffeisen Life

At Raiffeisen Bank branches, insurance can be purchased for almost all types of products: financial, medical protection and life insurance for persons receiving a loan from Raiffeisen. In only two areas is insurance provided only by Raiffeisen Life: against accidents and against fatal illness.

In the first case, the amount of contributions and the amount of coverage is determined depending on the client’s age, gender and general health. In the second, the maximum payment is 1 million rubles upon detection of cancer, coronary diseases, stroke or heart attack. In the first 2 months the amount is not paid, this is considered waiting time. Contributions are calculated individually, under standard conditions they are equal to 0.1%.

Citizens who have suffered certain diseases, a list of which is attached to the contract, are not subject to insurance.

Life insurance for mortgages and other loans

At Raiffeisen, life and health insurance is the most common request when issuing loans and mortgages, which is voluntary.

Separate projects are applied for each type of loan:

• Life insurance for a consumer loan borrower in Raiffeisen. Risks include death and disability due to illness or accident. In such circumstances, SK Raiffeisen Life assumes the client’s debts and settles with the bank so that neither the victim nor his relatives bear financial costs if they find themselves in a difficult situation. The contribution is determined as 0.0281% of the loan amount.
• Credit card. Similar risks are included. Cost – 0.0845% of the card limit.
• Mortgage. The tariff is set individually, according to the client’s characteristics: 0.08-3.11%. When taking out a mortgage with Raiffeisen, life insurance is a significant advantage for the borrower. This allows you to obtain a loyal attitude from the bank by reducing the degree of risk for it associated with possible non-payments on the mortgage due to unforeseen events. It also protects relatives who will not have to pay the mortgage if the borrower dies.
• For a car loan: 0.19% or 0.29%, depending on the coverage area. Separately, it is worth noting that OSAGO insurance is not provided by Raiffeisen.

There is also comprehensive insurance against job loss and accidents. Valid only for non-targeted loan projects at Raiffeisen Bank.

Health insurance

Raiffeisen Life health insurance is provided in two areas: Health Standard and Standard Plus.

If a dangerous or fatal disease (tumor, cardiovascular) is detected, as well as if it is necessary to undergo heart surgery or organ transplantation, the insured can count on help:

• Organization of treatment in clinics in Europe and Russia;
• Possibility of choosing an establishment;
• Compensation for material costs associated with the course of treatment (based on reports and invoices);
• One-time payment of the entire coverage amount (under Project Plus).

The extended insurance program at Raiffeisen Life also provides compensation for air travel and diagnostics.

Insurance is provided by Raiffeisen Life together with SG UNIQA, which has international experience in health insurance and its own medical institutions in Austria.

Financial insurance

Financial insurance at Raiffeisen involves the formation of savings in order to ensure future stability.

It works according to the following rules:

• The insured stipulates the validity (survival) period.
• Regularly transfers contributions (he sets the amount and frequency independently).
• At the end of the term, he receives the entire amount of savings and additional income generated through investments.
• In the event of death or loss of ability to work, the insured person or his family receives 100% of the amount.

There are four insurance options at Raiffeisen Life that work under these conditions:

• Kinder: savings are intended for a child until he reaches a certain age, regardless of the client’s survival;
• Optimal: only from an accident;
• Prospect: 100% payment due to death, 200% due to unforeseen circumstances.

Conclusion

Raiffeisen does not provide travel insurance, property insurance or auto insurance. The main directions are: ensuring the life of the bank's borrowers on non-targeted loans and mortgages, protecting health from unforeseen events and several projects for material support (accumulation) for various purposes. The cost of a policy often depends on the personal characteristics of the insured and the amount of coverage.

Raiffeisen Bank mortgage life and health insurance

The insured amount is equal to the amount of the principal debt + 10%.

The borrower and all co-borrowers who participate with income in repaying the mortgage are insured.

The total insured amount is divided in proportion to the borrowers' participation in the confirmed income. This ratio is specified in the text of the loan agreement. For example, husband 52%, wife 48%. Accordingly, the loan amount + 10% will be divided in this proportion between them.

Insured events: death and disability of 1 or 2 groups that occurred as a result of illness or accident. Here you need to be extremely careful, since unscrupulous companies may not include the main cause of death - illness - in the policy, thereby making insurance cheaper. Naturally, most will not notice the catch.

The policy is issued for the entire term of the loan with the obligation to pay annual premiums.

Property insurance (apartment, residential building, real estate) for a mortgage at Raiffeisenbank

The amount for which housing must be insured is calculated using the formula: loan balance + 10%.

Only structural elements (walls, ceilings, roof, etc.) are insured. Engineering equipment (electrical wiring, batteries, etc.), decoration, furniture will not be insured in such a policy.

Insured events: fire, lightning strike, explosion, water supply system accidents, illegal actions, natural disasters, falling objects.

Title insurance for Raiffeisen

Can only be purchased for real estate purchased on the secondary market.

It is necessary to pay for the first 3 years of the mortgage loan (other terms established by the mortgage agreement are also possible).

The insured amount must be at least the outstanding balance +10%.

Insured risks: loss/termination by the owner of the right of ownership of the property by a court decision, due to the invalidity of title documents, recognition of any previous owners as incompetent.

» launches voluntary health insurance programs “Health Standard” and “Health Standard Plus”, created with the support of UNIQA Group, which has many years of experience in the field of international health insurance.

The new programs offer customers expanded medical coverage. In particular, if serious illnesses are diagnosed, Raiffeisen Life Insurance Company will undertake the organization of inpatient treatment and cover all medical expenses. The advantage of new products is a well-chosen set of risks *.

In addition, the programs include treatment of serious diseases in both Russian and European clinics. Under the Health Standard program, the insurance coverage limit is 2 million 113 thousand euros per insurance year. The expanded “Health Standard Plus” package also provides the opportunity to receive a one-time payment of one thousand euros in the event of a diagnosis of stroke or myocardial infarction and payment and booking of tickets in economy class to and from the place of treatment.

A client under the age of 60 can become a participant in both programs. To do this, just contact any Raiffeisenbank branch. The cost of the “Health Standard” program is 5 thousand 500 rubles per year for children and 15 thousand rubles per year for adults, “Health Standard Plus” for children - 8 thousand rubles per year, for adults - 25 thousand rubles per year . The contract for any program is concluded for one year with the possibility of further extension.

“More and more Raiffeisenbank clients are seeking treatment abroad, and now, if serious illnesses are detected, they are guaranteed to be able to receive the highest quality treatment by choosing a clinic in Europe or Russia at their discretion. A sufficiently high coverage limit allows the client to be confident that, no matter what, all his personal financial assets will remain protected,” says Roman Karandin, head of the bancassurance department at Raiffeisenbank.

“The issue of support in the event of a diagnosis of serious illness or the need for organ transplantation is being actively discussed all over the world,” notes Daria Zhukovskaya, head of the insurance product development group at Raiffeisen Life. - And, although the support from the Russian state in this area is significant, people strive to have their own resources to provide immediate and high-quality treatment in Russia or in other countries. The uniqueness of our product is due to the wide scope of its insurance coverage. At the same time, the Health Standard program can provide long-term financial protection in case of deterioration of health in the future.”

More detailed information about the voluntary health insurance programs “Health Standard” and “Health Standard Plus” can be found on the official website of the Raiffeisen Life Insurance Company.

JSC Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. JSC Raiffeisenbank ranks 13th in terms of assets based on the results of the 1st quarter of 2015 (Interfax-CEA). According to Interfax-CEA, Raiffeisenbank JSC is in 6th place in Russia in terms of the volume of funds from individuals and 9th in terms of the volume of loans to individuals based on the results of the 1st quarter of 2015.

Raiffeisen Bank International AG is a leading corporate and investment bank in the financial markets of Austria and Central and Eastern Europe. In Central and Eastern Europe, Raiffeisen Bank International operates an extensive network of subsidiary banks, leasing companies and a wide range of other specialized financial services providers in 15 markets. The bank's approximately 54,700 employees serve 14.8 million customers in more than 2,900 branches, most of which are located in Central and Eastern Europe. Raiffeisen Bank International is a fully consolidated subsidiary Raiffeisen Zentralbank Austria AG (RZB), owning approximately 60.7% of ordinary shares listed on the Vienna Stock Exchange, the rest of the shares are in free float. RZB is the central institution of the Austrian banking group Raiffeisen, which is the largest banking group in the country and acts as the head office of the entire RZB Group, including Raiffeisen Bank International.

LLC SK Raiffeisen Life operates on the basis of insurance license C No. 4179 77, issued by the Federal Insurance Supervision Service on July 3, 2009, as amended on February 1, 2010, July 9, 2010, August 23, 2012 and August 6, 2014. The company offers a wide range of life and health insurance products, is a member of the Association of Life Insurers and the All-Russian Union of Insurers and is among the top ten market leaders (according to data from the website).

"UNIQA Group" is the leading insurance group in Austria, Central and Eastern Europe with a market share of approximately 22%. It serves more than 10 million customers in 19 countries. The company has two strong brands - Raiffeisen Insurance and UNIQA, which provide the basis for further growth. UNIQA Group operates in 16 countries with the highest growth prospects and also manages insurance in Italy, Switzerland and Liechtenstein.

* The scope of insurance coverage includes oncological and cardiovascular diseases, heart, lung, liver and kidney transplantation, etc. A more detailed description of insurance risks, the full scope of insurance coverage, taking into account applicable exclusions, the applicable deductible, insurance payment limits and other terms of the contract insurance are specified in the insurance certificate, in the insurance program (Appendix No. 1 to the Insurance Certificate) and in the relevant policy conditions. Participation in insurance programs is voluntary. JSC Raiffeisenbank acts on behalf of LLC IC Raiffeisen Life on the basis of an agency agreement dated 06/01/10 dated February 8, 2010, general license of the Bank of Russia No. 3292.