Return of insurance on a loan at the Russian Agricultural Bank in case of early repayment
After studying the article, you will learn how to return loan insurance at Rosselkhozbank. After all, often in banks, issuing a loan, the client is obligated take insurance.
It is necessary and important to understand whether you need it and how you can return it if you pay off your debt.
Why do you need insurance?
Insurance is needed for the peace of mind of the bank and the lender himself. She acts as a guarantor that if a person who has taken a loan can not pay it off, the bank will repay the loan by obtaining insurance.
Insurance may provide for your non-payment of a loan due to illness, loss of a stable income (job) or even in the event of your death, the loan will not have to be paid to your relatives.
By law, you are required to take it, if only take out a loan secured by property:
- car.
- Housing.
- Earth.
Compulsory insurance of mortgaged property In other situations, according to the law, the bank should not refuse you, but can do it. After all, the risk that a person can not return the money is very large, not all banks want to take that risk.
Before giving up, weigh all the pros and cons for yourself, because today everything is fine, you are healthy, cheerful, you have a stable job, and tomorrow there may be an economic crisis, job loss and, as a result, money problems and not being able to repay the loan.
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Loan insurance at Rosselkhozbank
Rosselkhozbank, of course, trusts its clients and is always ready to meet them. But still, it is necessary to take out insurance, for the peace of mind of the bank and the client.
Life and health insurance of the borrower is a guarantee that in case of an emergency you will not be pestered by collectors, and the bank will receive back the loaned money.
Life and health insurance of the client - voluntary In addition, it will increase your chances of obtaining a loan, given that:
- You get a loan from Rosselkhozbank first time.
- You do not have no credit history (the bank will not be able to check how trustworthy you are).
- If you have there were delays on loans.
- You no possibility take, or you don't want to provide, proof of income.
- You are a pensioner.
Rosselkhozbank insurance can be two types:
- Mandatory - if it is for movable and immovable property.
- Voluntary - the life and health of the client (in case of death, illness, and so on).
Who does Rosselkhozbank cooperate with?
At the moment, Rosselkhozbank cooperates with the RSHB - Insurance. The company approaches the conclusion of insurance and its signing for each person separately.
Standardly enter payment for a loan by an insurance company when such cases occur:
- Natural death of a client or death due to an accident ( sickness, accident, etc.).
- A loss work with layoffs.
- If, in the event of illness or disability (occurring during the period of repayment of the loan), you lose part or all your income.
As already mentioned, insurance is individual. You can come to terms and add some paragraphs who would like to be included in the insurance.
It is worth knowing that with an increase in the entered points, the cost of the services of an insurance company also increases.
Rating of insurance organizations Need to know what bank has no right force you to contact a specific insurer. Rosselkhozbank allows you to select any insurance company.
When can I return the insurance?
Features when returning insurance Since Rosselkhozbank is a state-owned bank, all agreements concluded with it are honest and transparent.
Rosselkhozbank carries out the return of insurance depending on from type concluded insurance and taking into account individual circumstances.
Most often, a client enters into a collective life insurance agreement with Rosselkhozbank, which takes into account:
- Full repayment of the loan before the end of its term, then the money do not return.
- The amount will be fully returned to you if the loan agreement canceled upon receipt you have a disability or illness from the list specified in the insurance at the time of its conclusion.
- Paid completely and immediately insurance premium.
Is it possible to return the insurance through the court? With a collective insurance agreement, as court practice shows, clients rarely win, because they were familiar with all the conditions in advance.
Useful video:
The procedure for returning insurance after paying a loan at the Russian Agricultural Bank
In accordance with the law, it is possible to return insurance from the Russian Agricultural Bank subject to early repayment of the loan.
After paying the last loan amount and paying it in full, you need to do the following:
- Get a certificate from Rosselkhozbank stating that you don't owe him.
Sample letter of repayment of credit debt - Apply to the insurance company with which the contract was concluded, an application for a refund.
- Waiting for a response from the insurance company.
Considering that a loan can be taken for several years, insurance is redone every year. Therefore, the amount of the refund directly depends on the time left until the expiration of the insurance contract.
Depending on the time, the company returns:
- The entire amount of insurance, if before the expiration of the validity less than a month.
- Can return from 30% to 50%(depending on the costs incurred by the insurance company during registration). Such a decision is made if before the expiration of the contract is less than than six months.
- If before the end of the insurance period more than six months, then the insurance company most often refuses to refund, since it has already spent funds on the service and has documents proving this.
Is it possible to cancel the insurance and get the money spent back?
The return under the loan agreement of the Rosselkhoz Bank of the funds spent on insurance, according to the law of the Russian Federation, can be done in the following cases:
- Suddenly, after the conclusion of the contract, you decide that you do not need insurance, then within five days, from the date of its conclusion, you will need contact the bank. You need to take your passport and contract with you. The bank will need to write an application and wait ten days. During this time, your application will need to be considered and return the amount spent. Must be indicated on the application Account number where to return. Most often written credit account in order to partially repay the debt on the loan with the returned funds.
Notification of RSHB-Insurance about the possibility of cancellation of a voluntary insurance contract - If you repay the loan ahead of schedule, according to the terms of the loan, you must return part not spent insurance funds. You will get your money back totally agree the remaining period of the loan, which you will not use.
Provided below Sample application for refund.
Sample request for refund Mandatory items in it:
- In the upper right corner must have a hat application, which will spell out the name and address of the insurance company, and below the last name, first name, patronymic, address and telephone number of the person who was insured.
- It's worth starting an application from writing date conclusion of an insurance contract and his numbers.
- Specifically explain reason for contact, indicate a partial or full refund and on the basis of what (early repaid or changed your mind).
- Enter information about the loan agreement and specify its full repayment.
- Definitely at the bottom date and your signature.
It will be useful to look at:
What to do if you are refused a refund?
If within five days from the date of conclusion of the contract you didn't apply If the bank or insurance company refuses to return your funds for unknown reasons, it is best to go to court.
Please note that you do not take insurance from the bank, but from the insurance company and you need to sue it.
Going to court is expensive, so it's better consult before with a lawyer. Then you can figure out if it will be profitable for you to do it.
How to get help from a lawyer Summing up
Signing an insurance contract study carefully all sections of this document. After all, it happens that companies deliberately forget to write conditions that are not favorable to them.
Be careful and approach this issue painstakingly and responsibly, because this is your money and to some extent it depends on you whether it will be returned to you or not.
It's important not to forget that a bank employee has no right to put pressure on you and force you to take out insurance. An exception is a mortgage agreement, in which case insurance is required, but you can choose any insurance company and not only that offered by the bank.
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