How to get insurance if you lose your job. What does job loss insurance give? Received payment upon occurrence of an insured event
This is a type of service that provides that in a situation where a client is losing his job, the insurance organization:
- He undertakes obligations on monthly payments on the loan of the insured person for a certain time or until employment that has lost his job.
- In a situation where there are no loan obligations, the policyholder receives either a one-time payment or monthly payments during the period specified in the contract.
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Basically, the period during which insurers pay insurance amounts is not more than 12 months. Since it is believed that this period is enough to find a new job.
Advantages and disadvantages of job loss insurance
On the one hand, this type of insurance is some kind of financial protection. But on the other - this is an additional cost along with payments on credit debt.
The essence of the benefits of acquiring an insurance policy in case of loss of work is as follows:
- The insurance company pays the loan debt.
- There is no penalty, penalties and increasing loan debts.
- Positive credit history is maintained.
- Relatives and guarantors do not have to pay the loan debt of those who have lost their jobs.
The disadvantages of this type of insurance are as follows:
- These are high rates for this type of insurance.
- To receive insurance payments you need to provide an impressive package of documents.
Documents required for registration
When drawing up an insurance contract against involuntary job loss, the insurer requests the following package of documents from a person who wants to insure:
- Application for registration of an insurance contract.
- Passport of a citizen of Russia.
- A photocopy of the work book.
- Loan agreement and loan repayment plan.
- Certificate of income of an individual in the form of 2-personal income tax for three or six months preceding the date of treatment.
An insurance or banking organization may require other additional documents that will make it possible to analyze the possible risks of an insured event.
Insurance policy
They are spelled out in detail in the contract concluded by the insurance entities.
Each banking or insurance organization develops its own provisions, but there are general rules:
- The contract is considered to have entered into force only after the customer has made the initial payment of the insurance premium.
- Failure by the insured to pay the next installment gives the insurer the right to terminate the contract ahead of schedule.
- If the policyholder wants to terminate the contractual relationship ahead of time, the amount of insurance premiums paid by him will not be refunded.
- Upon dismissal (reduction), if the client, at the time specified in the contract, does not inform the bank about this, then they may refuse to pay compensation.
- For a certain time, who has lost his job, must register with the Employment Service, while:
- Take part in seminars, round tables organized by the Service.
- Participate in vocational training, retraining and advanced training in the direction of the exchange.
- Each month, submit to the bank a certificate from the Service on registration as unemployed.
- If the insurer, after concluding the contract, finds out that the client has provided deliberately false information, the company has the right to demand that the contract be declared invalid.
- After the insurer has received notice of dismissal or reduction from the client, he must:
- Find out the reason why a person became unemployed.
- Draw up an insurance certificate and calculate losses.
- Calculate the amount of refunds after the client has provided the list of documents specified in the contract.
- Pay the prescribed amount or refuse, if there is reason for this.
The bank's refusal to make insurance payments can be appealed in court.
Insured events
Not in every situation that involves a job loss, insurance will be paid.
Pthe reasons for which the employee lost his job and an insured event occurred are:
- Dismissal due to liquidation of the enterprise.
- Reduction of staff.
- Termination of employment upon change of ownership of the enterprise.
- The termination of the employment contract for reasons independent of the will of both parties:
- Conscription for military service in the army.
- The return of the previously held employee.
- Disability state.
Compensation will be refused if the loss of a job occurred due to:
- Dismissal of an employee on his own initiative.
- Disruption of labor relations in connection with violations of discipline.
- Dismissal by mutual agreement of the parties.
- Disability acquired by the employee through his fault in connection with non-compliance with safety measures, as well as when under the influence of alcohol or drugs.
Banking and insurance companies can significantly add to this list.
How to get paid
When an insured event occurred, you immediately need to come, within the time specified in the contract, to the bank with a package of documents:
- Application for insurance compensation.
- Passport of a citizen of Russia.
- The original and a photocopy of the employment record with the dismissal.
- A copy of the terminated employment contract.
- A copy of the dismissal order.
- A copy of the contract with a monthly loan repayment schedule.
- A certificate from a banking organization that there is a debt.
- A certificate from the Employment Service confirming registration.
- Help from work on income in the form of 2-personal income tax.
All photocopies of documents must be duly certified.
Tariffs from different insurance companies
Today, many banks, as well as insurance companies, have in their list of services and insurance against loss of a job. At the same time, the size of insurance premiums varies significantly among different organizations.
- At Renaissance Bank, the insurance premium is about 1% of the loan amount per month. The rate varies depending on the terms of the contract.
- The insurance amount at VTB 24 is 3.8% of the loan amount, and the installment is paid on a monthly basis. The amount of the premium is determined individually for each individual client.
- At Ingosstrakh Bank, the cost of insurance varies around 1% of the sum insured.
- The amount of the policy deposit in Sberbank is set individually for each client.
Any bank or insurance company in each particular case of job loss insurance, taking into account various risks, determines the personal size of the insurance premium.
Limitations
There are a number of restrictions for obtaining an insurance policy against loss of a job:
- Age. Insurance companies are ready to insure against involuntary job loss only for citizens of working age. Each company sets its age limits; these are mainly the limits from 18 to 60 years at the time of signing and termination of the contract.
- By type of activity. Do not draw up this type of insurance:
- Entrepreneurs.
- Freelancers.
- Self-employed workers.
- Working part-time.
- Those who work in the place of the employee who went on maternity leave.
- Employees of other risky professions.
- By seniority. Do not insure if the time spent at the last place of work is less than 3, 6 or 12 months. All insurers have their own requirements.
- Temporary benefit. The bottom line is that after signing the contractual obligations, they enter into force only after one or three months. So companies are trying to protect themselves from situations related to the fact that the employee, having learned about the reduction, runs to insure himself.
Each insurance company may have its own additional restrictions.
Mortgage risk insurance
Since a mortgage loan is designed for several years, it is difficult to be, in such a distant future, confident in maintaining the current job. Yes, and the banks themselves strongly recommend that with such a loan to purchase several insurance, including from loss of work, while lowering loan rates.
Is it necessary to insure yourself against loss of solvency
The answer to this question is Yes rather than No. And that's why:
- Recently, the economic and financial situation in the country has left much to be desired.
- A person left without income primarily spends his savings on the most necessary for life, and not on paying off debt.
- Not many have wealthy relatives and friends who are happy to lend money to the unemployed.
With the loss of the source of income and in the presence of a mortgage, a person will certainly get stuck in excessive debts. To prevent this from happening, banks began to offer a new job loss insurance service, which is what both parties are interested in.
Loss insurance is applied in two cases: from unemployment and upon receipt of a loan. In the first case, a citizen enters into a voluntary insurance contract. In case of dismissal, he guarantees him temporary financial support within the limits of lost wages. In another situation, the bank acts as an interested party, thus limiting the risk of non-repayment of borrowed funds. The insurance company pays to the credit organization payments prior to the employment of the Insured.
Voluntary insurance
A policy for losing a job is drawn up at the request of a citizen. The possibility of concluding an insurance agreement has a legislative basis: Federal Law of 1991 No. 1032-1 “On Employment”.
Insurance risks (possible events) are:
- Dismissal on the initiative of the employer, including due to the termination of the enterprise (organization) due to bankruptcy.
- Termination of employment contract for civil servants due to downsizing or downsizing.
- The invalidity of the contractual relationship due to a change of ownership.
- Termination of work of a citizen due to objective circumstances:
- draft in the army;
- reinstatement of another employee at the workplace by court order;
- not election to the post;
- dismissal of a contractor serviceman ahead of schedule for family reasons.
On video - job loss insurance:
Purpose of insurance: reimbursement by the Insurer of wage losses.
The term of the agreement may be any, but not more than 12 months from the date of the insured event. The policyholder receives a one-time payment or monthly transfer according to the contract until a new employment.
Insurance companies
Insurance companies use this product at high rates.
Reasons - high risk due to the possibility of the Insured to affect the occurrence of an insured event, the unpredictability of the economic situation. In addition, additional requirements are put forward, without which the UK refuses to conclude an agreement.
Unemployment insurance in difficult economic conditions carries a high risk for Insurers. The insurance product was first offered about 100 years ago in the United States, and was widely used in Germany in the 80s against the backdrop of economic growth. Crisis events hindered the development of this insurance product.
In the Russian Federation, companies insure job loss in the event of a bank loan to guarantee their repayment.
Insurance terms
- seasonal workers;
- part-time workers;
- freelancers;
On the video - getting insurance:
- intentional injury;
For registration are required:
- passport data;
The size of the insurance premium is 1-2% of the reimbursement.
Loan insurance
When issuing a loan, some banks simultaneously with the requirement of customer life insurance include a termination insurance term. The purpose of insurance is to reimburse a credit institution for a loan debt while the borrower is not officially employed.
The term of the agreement is specified in each specific case: prior to applying for a new job or for some period.
Insurance terms
The main requirement of the Insurer is the existence of a permanent employment contract recorded in the work book.
For this reason, will be denied insurance:
- individual entrepreneurs;
- seasonal workers;
- individuals with private practice;
- acting on probation or on maternity leave;
- part-time workers;
- freelancers;
- other professions, a list of which is available in the UK.
On video - credit insurance:
They do not fall under the definition of insurance risk and are not taken into account:
- dismissal of their own free will and consent of the parties;
- if the Policyholder had a notice on termination of employment;
- upon dismissal without notice;
- intentional injury;
- part-time work;
- termination of employment in connection with a strike.
The policyholder must meet a number of requirements:
- Age restriction: not younger than 20 and not older than 60 years.
- Work experience of at least six months or a year.
- Lack of bad habits: alcoholism and drug addiction.
All job loss policies take effect after a month or two.
If the insured event occurs before this period, the Policyholder will not receive compensation due to violation of the terms of the Agreement. The franchise gives the Insurer a guarantee that the client did not know about dismissal at the conclusion of the agreement.
For registration are required:
- passport data;
- employment record with the statement of the last place of work;
- earnings information for the previous 6 months.
Additional conditions determined by the UK are:
- in terms and procedure of payment;
- restrictions on professions and work experience;
- temporary franchise;
- refusal in the absence of unemployment benefits or receipt of payments at which it is not relied upon (for maternity, disability, etc.).
Thanks to insurance against dismissal, the borrower has a margin of time for finding work.
During this period a penalty will not be charged due to late payments on the loan, the credit history will not worsen.
This is especially true when buying a home on a mortgage.
Mortgage and termination insurance
The Rules of mortgage lending stipulate that the acquired property is pledged by the lender until the debt is paid off. Delay in payments leads to an increase in loan payments due to penalties, up to the termination of the Agreement and the withdrawal of collateral. Dismissal insurance is voluntary, but under the terms of registration, the borrower is forced to insure not only his life, but also his job loss.
Since 2014, the Life-not-To-Buzz program has included a policy in case of job loss. Cost –1.0 thousand rubles, insurance coverage 40.0 thousand rubles. Insurance did not apply to military personnel and civil servants. At the moment, VTB Insurance has excluded termination insurance from the “Live-Do Not Disturb” product, leaving life insurance.
On the video - mortgage and insurance:
In the new product “Golden Parachute”, which will be offered to customers, the contract term is from 4 to 6 months, with the amount of compensation to the bank up to 100, 0 thousand rubles. per month. The age of the Insured is up to 60/55 years. Requirements for seniority - at least 1 year.
Rosgosstrakh offers the Borrower Liability Insurance in a comprehensive mortgage program. The insurance product is applied with a minimum down payment of 10% of the cost of housing. Loss of the source of loan repayment (including dismissal from work) in this case is not covered by funds from the sale of collateral real estate.
Insurance Terms:
- insurance amount 10-50% of the loan;
- insurance payment is established for the entire duration of the contract;
- payment of the policy upon conclusion of the Agreement;
- Beneficiary - Bank.
LLC IC Sberbank Insurance, thanks to the insurance product Life Insurance of Borrowers, provides financial support to the borrower in the event of unforeseen situations, including involuntary job loss. The contract is valid for 4 months, a month after the occurrence of the insurance event. The temporary franchise is 2 months. Insurance of loans issued by Cetelem Bank.
The procedure for filling out an application for credit reimbursement in case of dismissal is the same for all insurance companies.
Upon the occurrence of an insured event, the policyholder is obliged, within 10 days:
- Register with the employment service and get unemployed status.
- Notify the Insurer by sending him:
- notice filled out on the form;
- a notarized copy of the work book;
- copy of the policy;
- loan agreement with dates of transfers;
- terminated employment agreement;
- passports.
The notice shall indicate one of the reasons for the dismissal provided for in the policy.
The temporary deductible is valid from the date of termination of the employment agreement. Upon its expiration, within the period specified in the policy, an application for repayment of the loan and a certificate of registration with the employment service shall be sent to the Insurer.
Consumer loan
When issuing a consumer loan, banks are more loyal to customers than when applying for a mortgage. The explanation for this is the short duration of the contract, smaller loan sizes, higher interest rates. With amounts of up to a million rubles, the borrower may not require credit insurance.
Sberbank Insurance IC connects the Borrower's Life Insurance program to a consumer and car loan issued by Setel Bank.
On the video - insurance and credit:
Loss insurance is relevant for citizens in the face of declining employment, but is not beneficial to insurance companies. Banks use this tool to limit their risks in obtaining a mortgage. Insurance increases the cost of credit, which is disadvantageous to the borrower. But, in case of dismissal, the Agreement with the UK will help to avoid penalties and deterioration of credit history.
Loss of employment can occur for various reasons. But the result is the deprivation of material wealth, because of which long-term plans and obligations are violated. The situation will be even more difficult if there is credit. Job loss insurance will solve this problem. The service has its own characteristics, which will be discussed in the article.
The concept
Deprivation insurance is a service in which the insurance company pays compensation to the client in the event that he lost his job. The amounts of payments will be equal to the monthly payments on a loan taken earlier by a person. All companies offer their programs in which certain conditions apply.
In any case, the person will be given time to look for work. And during this period he does not need to worry about paying a loan. Often insurance is offered upon receipt of cash loans. To use this service or not, everyone decides independently.
Benefits
In Russia, unemployment insurance is still not very common. But with the acquisition of the policy a person will receive compensation in case of dismissal. With this document, due to insurance payments, there will be no delays in the loan for 6 or 12 months. The size will be approximately 1 monthly payment. During this time, it is important to find a new job.
The agreement provides the client with the opportunity to calmly search for a suitable position. At the same time, one should not be afraid for damage to the credit history. Loss insurance will protect the relatives and guarantors of the borrower from liability. And this cannot but rejoice.
Requirements
The risks of an insured event are large, and it is difficult to calculate. Therefore, the client has several serious requirements, namely:
- age - 18-65 years old;
- citizenship of the Russian Federation;
- official employment;
- work under a fixed-term employment agreement;
- total work experience - from 1 year, and in last place - from 3-6 months.
An applicant to an insurance company should not be a military serviceman or pensioner. These are the conditions.
Insured events
Loss insurance is a necessary service. But payments are not provided with every dismissal. Compensation is issued for several reasons:
- reinstatement of a previous employee;
- job loss due to disability (1, 2 groups).
Payment is not provided if:
- the person quit by personal desire or by agreement of the parties;
- after a trial period, the employer did not renew the contract;
- the agreement is signed after receiving a notice of reduction;
- reduction occurred without notice;
- a person is fired due to abuse of alcohol or drugs;
- the client has lost his ability to work due to damage to himself;
- part-time transfer;
- other types of benefits are paid.
What is needed for payments?
Within 10 days after the dismissal, the policy holder must register with the employment service. Two months are provided to notify the company and prepare documents, including:
- passport, work book;
- employment contract, bank agreement;
- paper from the bank about debt;
- confirmation of the employment center on registration;
- certificate 2-personal income tax.
The insurance company reviews the application, verifies compliance with the requirements. In the case of a positive decision, compensation will be paid, but not immediately. There is a period of 2 months when an employee is issued earnings in the presence of an official notice of reduction.
Then the employee is given 2 salaries. Payments from the insurance company can come from 3 months to 1 year. All this time, a person can search for a new job.
Cost
Before you take out insurance against loss of work, you must familiarize yourself with the offers of several organizations. Each company puts forward its terms of cooperation. You can choose a job loss insurance. What affects the cost of the service? This is a person’s age, his experience and place of work. Some companies perform the calculation as a percentage of the debt amount (0.8-10%), while others determine a fixed amount. Reviews indicate that it is necessary to focus on your income.
Voluntary job loss insurance is not necessary for people who have certain funds necessary to pay a loan, as well as to satisfy personal needs. And the money should be about six months or more. You do not need to apply for a policy even if there are people who can provide material support. In other cases, insurance will allow you to keep a pledge, not violate the validity of the loan agreement, and not spoil the credit history.
What do companies offer?
Now many banks offer insurance in connection with involuntary loss of work. But the amount of contributions is different for all companies. As an example, you can take the indicators of well-known companies:
- Renaissance offers to pay 1% of the loan amount per month. The rate may be different depending on the terms of the agreement.
- Offers such services and VTB. Work loss insurance is issued upon payment of 3.8% of the loan amount. Payments must be made every month. The size of the bonus for each client may be different.
- Ingosstrakh Bank charges 1% for insurance.
- The size of the contribution to Sberbank is determined individually.
Each bank or insurance company takes risks into account, so the amounts may vary. You can find out the exact data only from an organization specialist.
What loans can I get insurance with?
Such a service is issued for any type of lending - mortgage, consumer loan, car loan and credit card. The easiest way is to contact the bank employee with whom the transaction will be concluded. But you can independently find an insurance company, where the conditions will be more acceptable.
Insurer Rights
Registration of the policy gives the client some rights:
- If the bank in case of loss of work does not want to pay the person the material compensation that is required for insurance, then the citizen can file a complaint with the controlling organizations - Rospotrebnadzor or the prosecutor's office.
- For failure to fulfill obligations, a company can be held administratively or criminally liable.
- If, after applying to the controlling institutions, the bank nevertheless ignores the fulfillment of obligations, the client can go to court.
But when making insurance against involuntary loss of work, the right the bank acquires:
- May introduce cases in the agreement when payments for deprivation of employment are not made.
- Establishes the waiting time for customers to pay financial compensation when paying a loan.
- The maximum payment period is 12 months. This period should be enough to find a job and pay the loan yourself.
Therefore, if a job loss occurs more than 1 year ago, then after 12 months, even if insurance is in place, the bank ceases to pay material assistance when paying for a loan. The exception includes the loss of human performance. Only then, the document should indicate the conditions for payment of compensation after 12 months. If a person receives a disability during a job search, then even after a year the bank is obliged to pay material assistance.
Where to go
Insurance services are offered at the following banks:
- "Renaissance Credit".
- "VTB 24".
- Ingosstrakh.
- Sberbank
Each organization has its own job loss insurance program. For customers there are restrictions, lists of insurance claims and payment dates. You can find out the details of using the service on the website or while contacting the company.
More than half of Russians know nothing about job loss insurance. Typically, banks offer such insurance along with a loan, but you can insure without credit obligations. Insurance is an additional service that does not affect the conditions of lending.
According to statistics, more than 50% of Russian citizens have not even heard of such a service as job loss insurance. Insurance companies promote such a program through financial and credit institutions, in particular, offering insurance to borrowers who apply for a loan.
However, it is possible to insure against loss of work (with a reduction in employees at the enterprise, with the complete liquidation of the organization, simply upon dismissal) without credit obligations.
Features of job loss insurance
With this service, the object of insurance will be the loss of a permanent source of income. One of the most common reasons why a completely prosperous borrower goes into the category of debtors is precisely the loss of a job and a source of main income.
But the borrower must know that insurance is an additional service, the rejection of which should not affect either the decision of the bank to provide a loan, or the terms of the loan program. Many banks make insurance mandatory when applying for a loan, which in most cases causes resentment and irritation of borrowers - no one wants to overpay.
It is also necessary to carefully read out the insurance policy and study the terms of the program, because different insurance companies may offer different payment conditions. As an example, we can cite the conditions of one of the Russian insurance companies: insurance will not be paid if the borrower loses his job 3 months after applying for a loan, or, conversely, finds a new job 3 months after dismissal.
Advantages and disadvantages of job loss insurance
You can take out insurance against loss of work upon receipt of any loan, from ordinary consumer to mortgage. The advantage of applying for such an insurance policy is that even after losing your job, the costs of monthly payments for 6-12 months (depending on insurance conditions) will be covered by the insurer.
Despite the apparent advantages of this type of insurance, it very often happens that, even after losing a job, a person cannot use his insurance. And this happens because the overwhelming majority of cases of reductions are carried out in the form of dismissals at will, which automatically terminates the right to use the insurance policy. According to the rules of all insurance companies, if the insured person quits at his own request, payments are not made.
Requirements for the borrower who prepares insurance
To purchase such an insurance policy, the borrower must meet certain requirements:
- to be a citizen of the Russian Federation;
- enter the group of working age: the minimum age is 18-21 years, the maximum is 60 years for men, 55 for women;
- to be officially employed;
- have a total work experience of at least a year, and at the last workplace - at least 3 months.
But, as a rule, if the borrower is given the go-ahead to receive a loan, then he has passed the entire bank "filter", respectively, and they will not refuse to take out insurance.
Cost and duration of insurance
The validity of the insurance lasts throughout the entire loan repayment period. Typically, the cost of such an insurance policy depends on the insurance company, on the type of loan being issued, its size and the period for which it is issued, and it can be expressed both in a fixed amount and as a percentage of the size of the loan.
How are insurance payments paid?
In the event of dismissal or reduction, in order to receive compensation for insurance, it is necessary not later than 10 days from the date of termination of work to register with the employment service in order to officially receive unemployed status.
Have you ever wondered why so many people stop paying on loans, falling into a deep debt hole?
Most of these people experience financial difficulties associated with job loss. The reasons for dismissal may be different, but as a result, a person is deprived of funding, long-term plans collapse.
If you are going to take a loan, it’s worth protect yourself from unforeseen circumstancesjust being insured.
What is job loss insurance?
This is such a service, the essence of which is that the insurance company pays to its client who has lost his job, cash in the amount equal to the amount of monthly loan payments. Agree, convenient!
Payments are made for six months or a year depending on the program you have chosen. Do not work for a long time, receiving money from an insurance company, you will not succeed, and half a year is enoughto find a job place.
Typically, banks themselves offer to arrange insurance, often issuing a loan without insurance is impossible, but this does not mean that the bank is the insurance company.
Most often at the bank an agreement with a third party, which will help you in case of difficulties. The bank is also interested in such cooperation, because it must be sure of return obligationmoney.
Insured events
It should be borne in mind that dismissal on their own or for violation of labor discipline not an insured event.
In various insurance organizations guaranteed payment is made for various reasons job loss.
But there is a standard list of insurance claims.
- Dismissal upon liquidation of the organization.
- Staff reduction employees.
- Termination of the contract in connection with the change of ownership of the organization.
- Termination of an agreement due to circumstances beyond the control of the parties, whether it is an appeal for military service, non-election to a post, reinstatement of an employee who has performed this work earlier, family circumstances or disability.
Cases in which payments will be refused
There are times in which you will be denied insurance. The list of these cases is approximately the following:
- at will;
- dismissal for violation of labor discipline; by agreement of the parties;
- receiving payments from the Employment Center;
- loss of performance your fault, for example, in case of non-observance of safety precautions or personal injury when intoxicated.
What types of loans can I get insurance with?
Loan loss insurance can be obtained at any formloan. This can be a mortgage, a consumer loan, as well as a car loan or a credit card.
The simplest and therefore affordable option to conclude a contract is contact the bank employee in which you are applying for a loan and express a desire to conclude such an agreement.
Can and independently find an insurance company with the most favorable conditions for you. It will be much more profitable, but more difficult, you will have to spend a lot of time.
How useful is an insurance contract?
Concluding an insurance contract is certainly helpful. In the modern world cannot be sure that your organization will not be closed or problems will start at work of a different nature. Therefore, the advantages of such an agreement are many:
- loan payments are made at the expense of the insurance company;
- you are not afraid to spoil credit history and calmly looking for a new job;
- your relatives and guarantors will not be liable on loan obligations in case you lose your job;
- an insurance contract is quickly drawn up and is inexpensive.
It will be useful for anyone who is interested in issues of ownership of real estate to find out about title insurance, to understand when it is necessary.
One has to face the fact that insurance companies evade payment. If you do not know what to do in such a situation, you will find the answer.
In what cases is it optional to conclude a loss of employment insurance contract?
For example, if you have accumulated cash for a rainy day. In this case, if you lose your job, you will pay the loan with them.
Or do you have reliable friends and relatives who are sure to will provide you financial assistancein a difficult life situation.
Not everyone has such opportunities, which is why it becomes necessary to insure a loan against loss of work.
Features of the insurance contract
The conclusion of the contract is possible when applying for a loanto protect yourself and the bank from financial losses.
Self insurance is not very popular in Russia yet. However, if there are fears that the staff is going to reduce or liquidate the organization, you can purchase insurance policy and receive cash payments in case of dismissal.
Requirements for the insured person:
- Availability russian citizenship;
- Age: 18 to 60 years for men, 18 to 55 years for women. In some organizations, the minimum age is 21 years;
- Experience at the last place of work not less than three months;
- Total length of service - more than a year;
- With the client must be concluded perpetual employment contract.
Some insurance companies may have additional requirements.
Cost of insurance services
The cost of insurance services depends on the organization in which you insure. Somewhere this value will be calculated in percent of the loan amount, but somewhere this amount is fixed. Examine all the offers of insurance companies to choose the best.
Usually the cost of insurance is 0.8–5% of the loan amount, and at a fixed cost - from 200 rubles per month. One-time insurance policy is 5-10 thousand rubles.
The cost of insurance services in Russia is quite high due to the special mentality of citizens.
Most people will never agree to give their hard-earned money if there is no sufficient reason to believe that they will soon reduce their staff. Therefore, in the insurance organization they come only in extreme caseswhen a scary prospect is just around the corner.
How to get paid when an insured event occurs?
To receive insurance payment, you must as soon as possible after dismissal to register with the Employment Service and apply to the insurance organization with the following package of documents:
- copy of the passport;
- copy and original of the work book;
- copy employment contractthat has been terminated;
- copy loan agreement;
- bank reference about the presence of debt;
- help from Employment services that you are registered;
- certificate from the previous place of work about average monthly wage.
Job loss insurance is great option for all people who take a loan. So you can not worry about fines, fines and growing debt in case of loss of work. The requirements for the insured person are low, you can receive payments during the year, but only upon dismissal for certain circumstances.
To receive a payment you will need large package of documentswhich is not very convenient. Job loss insurance is best with a large loan amount or if your company is insecure, for example, if a reduction is coming or the company is breathing in the cold, already starting to go bankrupt.
Carefully read the signed contract, carefully study all the conditions, and after the dismissal do not sit at home - immediately register with the Employment Service and quickly contact the insurance company. If you have any disagreements, you can go to court to protect your legal rights.
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9 comments
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In my opinion, there are two options in which the repayment of loans is in question and you can insure yourself: if you lose your job (as elegantly described in this article) or if for some reason your ability to work is lost (then this is life and health insurance, and such services are usually the bank itself offers when opening, for example, a consumer loan). If you suddenly just do not want to pay for your obligations, this is unlikely to be recognized as an insured event! The company needs to choose from available in your city. In our city, in St. Petersburg, OTKRITIE INSURANCE OJSC insures against tel. 8 800 200-71-00 and many other insurance companies.
It is possible to join the Bank’s insurance program for borrowers against accidents and illnesses when applying for a consumer loan or credit card. Participation in this program helps to protect clients from possible troubles and in the event of an insured event, the client allows you to pay off the debt to the Bank due to the insurance payment received.
I now think that if a borrower, for example, has a stable passive income, in addition to his main job, then it is quite possible not to insure himself. If there is no liability, then insurance is needed, especially in our country, where crises occur when they like. In addition, such insurance is very inexpensive. But if you get fired, then you will have some time to put things in order.
It turns out that if your work is bad and you feel that they will soon give a kick due to your sluggishness and low production results, then insurance will not help here? So how will the corresponding record be in the labor? And the insurance amount that you paid for all this time will close someone else's debts?