Is it possible to get credit insurance back? How to return insurance after paying off a loan

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Why you need credit insurance

Is it possible to get a refund for insurance on a loan? When customers take money from the bank, they are offered to insure their liability and life. Thanks to such a policy, relatives will not have to pay money for him if, for example, he loses his job, health or dies.

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What will be offered to insure during the loan application:

• disability;
• dismissal from work;
• serious disease;
• worsening financial condition;
• death.

If the client draws up a consumer loan, he insures his liability to the bank and his life. Mortgage clients additionally insure the collateral against damage.

Fact

Under Russian civil law, it is not mandatory to insure consumer loans, although banks create the opposite impression for their customers. In the case of a mortgage, you also have the right to refuse liability insurance, but collateral insurance will be mandatory.

Is it possible to get credit insurance back?

An insurance contract in a bank is concluded on such terms, under which there is usually a chance to get money back for insurance. Under the law on the return of insurance on a loan, the borrower has the right to terminate the contract when he does not need further provision of the services stipulated in it.

In this case, insurers claim to pay for the period of insurance that has already passed. If the debt was repaid exactly on time, then it becomes impossible to return the money for insurance. You can get back part of your funds in case of early repayment of the loan and in case of termination of the agreement.

How to get credit insurance back

Compensation of funds for an insurance policy is possible in the following options:

• cancellation of the policy within 30 days from the date of conclusion of the contract;
• refusal after more than 30 days is possible, but in this case no more than 50% is refundable;
• return of insurance after repayment of the loan ahead of time.

How to receive the money:

• make an application;
• attach the required package of documents (it will be discussed below);
• send documents to the office of the insurer;
• make sure that the acceptance mark is put on the application;
• wait for the actions of the insurers.

If insurers refuse to accept the application or do nothing to satisfy it, then it is necessary to file a complaint against the actions of the insurer with the Central Bank of the Russian Federation, since it is he who licenses such companies in Moscow and the regions, as well as the Prosecutor's Office and Rospotrebnadzor.

Is it possible to return the insurance after paying off the loan

Is it possible to answer the question return of insurance on the loan after repayment of the loan depends on how long the loan was repaid. It is impossible to return the money for the insurance service after paying off the debt exactly on the date set by the bank.

Return of insurance on a loan in case of early repayment

But the return of insurance on a loan in case of early repayment is quite likely. In this case, the contract has not yet ended, and the service is no longer provided, that is, the overpayment for the policy must be compensated.

Necessary actions:

1. You need to read the loan agreement. Some banks compose it in such a way that it will not be possible to return part of the policy fee even by going to court. Therefore, it is necessary to read the contract before signing it.
2. If the terms of the contract provide for the return of insurance on the loan after repayment, then find out which company is the insurer.
3. Address an application to the insurance company for the return of insurance on a loan from Sberbank and other banks (a sample application for the return of insurance will be given below).
4. Attach all required documents to the application.
5. Submit documents to insurers. This is done in person or by mail.
6. Upon receipt of the application, the employee of the company must put the appropriate mark.
7. If the insurers do not want to satisfy your application, then you must file a complaint with the manager.
8. When the manager does not take measures to return your money, then you need to write a complaint to the Prosecutor's Office or Rospotrebnadzor, as well as to the Central Bank of the Russian Federation.

Sample application letter for refund of loan insurance

Director of the Bank "Name"

Perm st. Freedom d.17

from Semenov Ivan Ivanovich

Perm st. Lenina d.10 kv.1

tel. 12-34-56

Statement

On March 1, 2013, I entered into a loan agreement No123 with your bank. At the same time, insurance contract No. 456 was concluded. The amount of the contract was 150,000 (one hundred and fifty thousand) rubles, but I received 125,000 rubles. 25,000 rubles were sent to the insurance company as a contribution. The loan and the policy were designed for 36 months.

On September 2, 2014, I fully returned to the bank the funds taken on the loan - 150,000 rubles and all interest under the agreement. In connection with the early termination of the loan agreement, and, accordingly, the insurance agreement, I ask you to compensate me for the overpayment under the insurance agreement in the amount of 12,500 rubles.

I ask you to make a decision on my application within a period of not more than 10 days. In the absence of an answer and dissatisfaction with my requirements, I will be forced to apply for a refund of money to the court and demand a percentage for the operation of finances that do not belong to you under Art. 395 of the Civil Code of the Russian Federation.

Required documents

When submitting an application to return the insurance on a loan, it is necessary to confirm the facts of receipt of the policy and the loan.

For a refund on cancellation of the policy and on early repayment, the following documents are required:

• a copy of the loan agreement;
• certificate of absence of debts to the bank;
• copy of the passport;
• claim for insurance coverage.

How much money can you get

In case of early cancellation of insurance, the following results should be expected:

• cancellation of the insurance contract within 30 days - the full amount;
• refusal within 1-3 months - 50% of the amount;
• refusal after more than three months - an amount proportional to the period remaining until the end of the contract.

While waiting for the consumer credit insurance refund procedure, do not forget that 13% income tax will be withheld from the amount due to you.

Making insurance when obtaining a loan is a popular service imposed by banks for their customers. Managers talk about its advantages, reducing risks for the borrower and other benefits, but in fact, it is insurance that leads to an excessive financial burden. It is not surprising that many people who initially agreed to the policy, soon think about how to refuse this service and return the money. Is it possible to do this in 2019?

Why take out insurance when receiving a loan?

An insurance policy is a voluntary option that allows the bank to significantly reduce the risk of non-payment of debt. In the event of an insured event, for example, the death of a client, the money will be returned by the insurer. For clients, this service is also useful, and here the bank's consultants are not cunning - if you cannot work for health reasons, you will not have to repay the loan.

Insurance is not mandatory, but many banks impose a policy. If the client categorically refuses to conclude the contract, this leads to the following consequences:

• refusal to issue funds - the bank does not take on additional risks, especially if the client's credit history is not perfect, that is, the policy increases the chances of approval;
• an increase in the interest rate - the overpayment in the absence of a policy is equal to several points - from 1 to 15%, but choosing a program with insurance can result in an even greater overpayment;
• worsening credit conditions - the bank will offer a smaller amount, a shorter term, no privileges, since it is beneficial for it to connect the borrower to the insurance protection program.

Today, issuing a policy is not mandatory, but practice shows that refusal of insurance is fraught with negative consequences, in fact, banks put the client in a disadvantageous and hopeless situation. It is not surprising that borrowers are increasingly wanting to return the money for the purchased policy.

Types of insurance that can and cannot be returned in 2019

Insurance when applying for loans can be both voluntary and mandatory. In the latter case, you cannot count on a refund - you will be denied legally. This restriction applies to loans with collateral - CASCO for a car, real estate insurance for mortgages and large loans.

If the policy is issued on a consumer loan, card or other loan, when insurance is voluntary, you can return the money according to the law. This includes:

• life and health insurance of the borrower;
• job loss insurance;
• title insurance;
• protection of financial risks;
• property insurance.

Credit insurance is a legitimate service, but if the client does not want to take out a policy, or changes his mind after signing the documents, you can refuse insurance protection.

Full instructions: how to get money back for insurance?

The procedure for refunding funds for issuing insurance depends on the moment at which the client decided to terminate the insurance contract. It is most advantageous to do this in the first days after signing the documents, even better - on the same day, so as not to overpay insurers. But even in the case when a lot of time has passed, the client can get the money paid back.

Cancellation of the insurance policy within 5 days after registration

In 2015, the Central Bank of the Russian Federation established a "cooling off period" when customers can terminate the contract without any difficulty. It is 5 days, and if you meet the deadline, according to the law, the insurer does not have the right to refuse you. How to act?

1. Immediately after applying for a loan, write an application for refusal of protection, you need to do this within 5 days from the date of signing the documents;
2. Contact the insurance company, the bank is not involved in your relationship. A sample application is available on the insurer's website or at the nearest branch - you can send the completed form by registered mail or take it in person, leaving a copy with a note of delivery. In the application, be sure to indicate the details where the money should be returned;
3. Within 10 days the funds will be transferred to the citizen. If the contract with the insurer was valid for at least a couple of days, a small part will be withheld from the amount of remuneration.

The only situation when the insurance company can legally refuse compensation is the occurrence of an insured event. That is, to receive both a payment due to the loss of a job, and a refund under the policy will not work.

Return of insurance for an outstanding loan

If for some reason you missed the deadline of 5 days, but want to return the money for the issued policy, in some cases it will still be possible to fulfill the desired. This is due to the loyalty programs of individual banks - they offer an extended "cooling off period" when the client can refuse additional services. For example, this practice is available at Sberbank, Home Credit, VTB 24. But the popular Renaissance Credit Bank is not as loyal to its borrowers as other institutions.

To return the insurance before the loan is repaid and after 5 days from the date of registration, you need to contact the bank. The consultant, of course, will try to convince you, but if you decide to refuse the imposed service, insist on writing a statement. It will be more difficult to return the money through the court and in a claim procedure, and if there is no loyalty program, it is impossible at all.

How to return the insurance in case of early repayment of the loan?

Early repayment of a loan is a common case when it is not difficult to terminate an insurance contract and return the overpaid funds. For example, you took out a loan for 2 years, paying 50 thousand to insurers, and paid off the debt for a year, the amount to be returned will be 25,000 rubles. That is, when insurance protection services are no longer needed, you can return part of the money. How to act?

1. Contact the bank for early termination of the loan agreement, at the same time write an application for the return of insurance;
2. If the bank sends you to an insurance company, take a debt repayment certificate and go to the insurers with it, you can also send documents by mail;
3. The application that the client writes, similar to what is prepared when the insurance is closed within 5 days, the account number for transferring funds must be indicated;
4. Money must be returned no later than 10 days.

The insurance company is unlikely to refuse to pay compensation to the client, but if this happens, you can go to court, recovering the overpaid amount, the amount of the fine, and additional penalties.

When will the bank refuse to refund the insurance?

In the insurance legislation, not everything is so smooth, there are restrictions when the termination of the insurance contract is denied to the client, and it will be pointless to seek justice in court - you will only lose time. Legally, the insurer has the right to refuse if:

• an insured event has already occurred, for example, you lost your job, now the company is paying off the debt to the bank, it will not be possible to return the funds;
• 5 days have passed, you can prove that this service was imposed, but not the fact that they will make a positive decision;
• when drawing up a collective insurance agreement - it is impossible to return it even during the “cooling off period”;
• if more than 3 years have passed since the moment when the client had to apply for compensation, for example, after the early payment of the debt;
• if the application is filled out incorrectly, there are no necessary documents.

To avoid refusal, fill out an application for the return of insurance according to the model, be sure to indicate the details of the account where the money should go. If the insurance organization delays the payment deadlines, you can go to court and receive additional compensation.

Personal experience: how to return credit insurance?

Studying the reviews allows you to understand which bank is better to contact in order to avoid the imposition of services, as well as return money for insurance if necessary without any difficulties. Based on personal experience, clients can be recommended:

• carefully study the agreement with the bank when signing it, if something is not clear, clarify the information;
• when canceling insurance, compare interest rates and the benefits of this procedure - how much you will be compensated;
• when signing an agreement with an insurance company, make sure that you are the insured, not the bank, otherwise you are buying a collective protection policy, which is not eligible for a refund;
• hurry up with the return - it must be done earlier than 5 days after the conclusion of the contract;
• do not let bank employees and insurance agents convince you - remember, they are interested in you paying the maximum amount of money;
• if you were denied compensation, but you are sure that you are right, file a complaint with the Central Bank of the Russian Federation, go to court - defend your legitimate interests.

It is quite realistic to return the loan insurance, although this requires perseverance - the employees of the insurance company and the bank will do their best to convince the client to abandon the idea. But if you have calculated that the refusal is beneficial, and the requirements are legal, the insurer is obliged to satisfy your claim. And so that such problems do not arise, you can not draw up a policy when signing a loan agreement. If you have a good credit history and are a solvent client, the bank will be interested in cooperation without additional risk protection.

Insurance is not a prerequisite for obtaining a loan. However, many banking organizations impose insurance on customers or include it in the contract. Citizens of the Russian Federation can return the money spent on insurance in several ways. Let's talk about them.

How to return money for insurance on a loan - instructions

The most common way to return funds is to contact the representatives of the supervisory authorities, who should deal with the issue that has arisen.

Follow these instructions to refuse an additional paid service from the bank:

Stage 1. Pre-trial resolution of the issue

1. Filing a claim with a banking organization

It is imperative to solve the problem in a pre-trial order. Perhaps a bank representative will take your side and return the money due for a service that is additional and paid.

Write a claim in the prescribed form:

Ready-made claim form to the bank about imposed loan insurance can

Enter all important information in the document, for example, the number of the agreement concluded between the client and the bank, the exact amount of the loan received, etc.

The processing time for your claim is 10 days. If after this time you still have not received a response, contact the supervisory authorities.

2. Contacting Rospotrebnadzor

It is this organization that will help you defend your legal rights and interests. Below we will take a closer look at this method of refunding money.

In essence, a citizen must issue application-complaint, in which to describe all violations by the banking, insurance company.

The reason for contacting Rospotrebnadzor may be a refusal - or even ignoring your claim.

The application to Rospotrebnadzor, as a rule, is considered quickly. Often, specialists call those who apply and clarify some of the nuances over the phone.

The answer is sent in writing.

The review period is - 30 days.

If Rospotrebnadzor did not help return the funds, then the answer received from this organization can be attached to the statement of claim and sent to the court.

Stage 2. Judicial decision of the issue and appeal to the court

The statement of claim to the court will be based on the protection of a citizen, as a consumer, and his rights and interests.

Necessarily the application indicates a third party - Rospotrebnadzor, because it is he who must decide this issue.

It is better that you get an answer from him, and then go to court.

The position in the judiciary must be based on Article 16 of the Law "On Protection of Consumer Rights":

Based on this legal act, you can get money from credit insurance, which is not at all mandatory, but additional service which the client of the bank can use at will.

Refunds for credit insurance during the cooling period - how and where to apply?

Instruction of the Central Bank of Russia under the number 3854 made a lot of changes in the procedure for registration of refusal to conclude an agreement with insurance companies.

But still, a citizen applying for a loan should know that no one can force him to conclude an agreement and take out insurance!

Let us clarify that the cooling period begins from the moment the contract is concluded, and the within 5 days.

Let's take an example. Citizen Sokolov took out a loan at Yug Bank. The representative of the banking organization hinted that without insurance, the citizen would be denied receipt of funds. She did not force Sokolov to act.

He decided to take out insurance on July 27, 2017, but changed his mind a couple of days after signing the contract. After rereading the document, he realized that he could terminate the contract. The cooling period in this case begins on July 28, 2017 (the day following the date of conclusion of the contract), and lasts 5 working days - until August 3, 2017.

Important A: Weekends and holidays are not considered working days!

In order to get a refund for insurance, you must:

1. Write an application for termination of the insurance contract and submit it to the insurance company

You can use this form:

The application must be submitted during the cooling period, not later!

2. Wait for a response

The organization must respond to you within 10 days.

If positive, then the contract is terminated and the funds spent are returned.

Better to apply personally. The mail may take time, and your appeal will arrive at the insurance company later than the required time - then it will simply not be considered.

Notice, some insurance companies do not provide for a cooling period. This is a violation of the law!

You should file a complaint with the Central Bank so that these violations are excluded.

Early cancellation of credit insurance

For early cancellation of credit insurance, a Russian must follow the following instructions:

1. Study the documentation

This is an insurance policy, issued memos, rules indicated on the official website of the banking organization.

They should review all the conditions for the provision of insurance and the conclusion / termination of the contract.

Be sure to pay attention to early cancellation of insurance.

Let's consider what wording can be written and how the client of the insurance company should act.

Possible wording of the insurance premium payment in the contract	What could be the outcome? Is it worth asking for a refund?
In case of early cancellation of the insurance contract, no refund of the insurance premium is made.	If this condition is spelled out in the contract, then a refund for insurance will not work. That is the law. It makes no sense to write a statement to Rospotrebnadzor or the court.
Cancellation of insurance is possible only within a certain period from the date of registration of insurance	The period can be specified by absolutely anyone - at least the number of days, at least months, at least years. It is better to deal with the issue of refunding money on insurance immediately, without postponing it for later. Depending on when you applied, a different amount of insurance premium may be paid. For example: In the first 15 days, the client can receive 100%. In the first 3 months - 75%. The return of the insurance premium is carried out in proportion to the unused time of insurance. It is worth writing an application for the calculation of the premium.
The possibility of refunding the insurance premium is subject to the condition	In this case, all the conditions under which the loan was issued are taken into account. For example, the insurance premium can be returned only after the early repayment of the loan. The client must familiarize himself with all the terms of the contract - and only then demand the due premium.

2. Determine what problems may arise when canceling insurance

Carefully study the contract concluded with the insurance company. Think about what liability may come if you decide to terminate the contract.

There can be many problems, for example:

1. The interest rate on the loan will rise. Benefits must be calculated independently.
2. A penalty will be charged. This is especially important for those who have taken out a car loan. For example, for failure to provide an insurance policy to the owner of a car, a penalty may be charged.
3. Require early repayment / repayment of the loan. This is a very rare variant, but it does occur. In this case? The problem can only be solved in court.

Other conditions may be specified.

3. File a claim - and send it to an insurance company or bank

The sample claim is:

Ready-made claim form for early cancellation of credit insurance and refund of insurance premium can be free

Be sure to indicate your requirements - early termination of the contract, exclusion from the insurance program and return of the insurance premium.

If your appeal was ignored, or you were refused, then the only option is to apply to the judicial authorities with a claim.

How to return credit insurance through Rospotrebnadzor and the court if the bank refused to return the money?

In the event that the above methods did not help, to resolve the issue of returning credit insurance and the banking / insurance organization “did not move”, you should contact Rospotrebnadzor, and then the court.

As a rule, the problem should be solved in stages - pre-trial through Rospotrebnadzor, and then - in court.

To get a refund on insurance, you must:

1. File a complaint with Rospotrebnadzor

It must be submitted in writing and sent to the address of the Rospotrebnadzor Office of your district or city.

The document states:

1. The situation that has developed at the moment.
2. The essence of the problem.
3. Damage caused.
4. Requirements.

You can file a complaint within 1 year from the date of conclusion of the loan agreement.

Be sure to back up the written words with documentation - an insurance policy, an agreement with a bank, an agreement with an insurance company, etc.

Ready-made complaint form to Rospotrebnadzor for imposed credit insurance can be free

2. Get a response to the appeal

The specialist of the instance should understand the situation within a month and give you a written answer.

There are several options.

Let's consider them, and determine what to do to the applied citizen:

Received response
There are no grounds for holding the bank liable Explains the law and the right to go to court.	Try to change the specialist's decision. As a rule, the letter sends the contacts of the employee who was involved in the consideration of your appeal. You can call and talk, try to initiate an administrative case against the banking / insurance organization.
Facts of violations are confirmed An administrative case is initiated against the bank/insurance under Article 14.8 of the Code of Administrative Offenses of the Russian Federation. The investigation and resolution of the issue is ongoing.	You have to visit Rospotrebnadzor as a victim and give clarifications on the current problem. You may be asked to provide additional documents. Within 2 months, the case will be considered by Rospotrebnadzor, talking with representatives of the parties and requesting documentation.

In some cases, the banking organization bears the costs of paying the imposed insurance, and the problem is solved at this stage.

If not, then Rospotrebnadzor makes a decision, as a result of which the bank and the insurance company will be held administratively liable.

3. Obtaining a decision and appeal procedure

If the insurance / banking company does not agree with the requirements of Rospotrebnadzor, they can file an appeal and appeal the decision through the arbitration court.

It is very important that you be called to the meeting as a third, interested person, to listen to your point of view and testimony.

You can become participant in the proceedings on the petition. This is when you were not called.

Today, it often happens that when applying for a loan, citizens enter into an insurance contract. It enables financial institutions to significantly reduce their own risks.

Important! Often banks cooperate with certain insurance companies. They offer the borrower to insure their own life, ability to work, solvency, property (movable and immovable).

Why take out insurance - many people know. But the question of whether it is possible to return insurance for a loan still worries borrowers.

Can I get a refund on a loan?

Often, the amount of payment for insurance is determined based on the credit limit and ranges from 10 to 30%. The client has the opportunity to pay the insurance policy in several ways:

Once - on the day of signing the contract with the insurance company;
In parts - monthly, together with loan payments.

For clients, the question of whether it is possible to return the insurance premium on a loan often arises during the early repayment of the loan or during the termination of the loan agreement for one reason or another ahead of time. Often the answer to the question of whether it is possible to return the insurance after paying off the loan is contained in the loan agreement or in the insurance agreement. All you have to do is read these documents carefully.

Important! Almost all insurance companies draw up a contract in such a way that the client is not able to get his money back under any circumstances. This is specified as a separate clause in most insurance contracts.

But even if there is no such clause, the rights of the insurance company are regulated by Article 958 of the Civil Code of the Russian Federation. It states that the borrower, having decided to terminate the contract with the insurance company ahead of time and unilaterally, is not entitled to a refund of the cost of insurance.

Does that mean you can't get your money back? This is not entirely true. However, there are some situations in which a refund occurs.

How can I get credit insurance back?

You can get back the money paid on the day of signing the contract with the insurance company in several cases:

If the insurance contract does not specify the actions and rights of both parties in case of early termination of the loan contract. Then it makes sense to go to court to resolve the issue in your favor;

If the subject of the insurance contract was property issued on credit, which was later subject to return due to malfunction, failure, etc. In this case, two contracts are terminated simultaneously: credit and insurance;

If the borrower changes the beneficiary. According to the current legislation, the beneficiary is a financial institution, that is, a bank. Therefore, if an insured event occurs (for example, the death of the borrower, disability, dismissal from work, etc.), then the bank that provided financial assistance receives insurance. When the borrower repays the loan ahead of schedule, he has the right to change the beneficiary by appointing one of his relatives instead of the bank. Yes, the money spent on insurance will not be returned. But, if an insured event occurs, the borrower or his family will receive the insurance payment in full.

In the event that the insurance is paid in parts in parallel with the repayment of the loan, and the loan itself is repaid ahead of schedule, the borrower may not make insurance payments. That is, only part of the insurance will remain paid. But this is provided that the contract does not indicate otherwise.

Important! It turns out that the client can pay for insurance in part. For example, if the loan is repaid in 1-2 payments, then the insurance company will receive a smaller amount than specified in the contract.

But in this case, it must be taken into account that the insurance company has the right to refuse to pay out insurance if an insured event occurs before the end of the contract.

Is it possible to return the insurance on the loan or not?

It is very problematic to return the funds that were paid by the borrower and transferred to the account of the insurance company. The matter is that from the legal point of view the insurance contract is made correctly.

Important! There is no point in suing the insurance company. It is also important to consider: no matter what decision the court makes, the plaintiff, that is, the borrower, must pay the costs. But the borrower has the right not to make payments under the insurance contract if the loan was repaid before the period specified in the contract.

To avoid the question of how you can return the insurance after paying off the loan, you should carefully study the loan and insurance contracts before signing.

Knowing how you can return money for life insurance on a loan (refund) in 2020, you can eliminate the likelihood of being refused not only by banks, but also by insurance companies in particular.

Dear readers! The article talks about typical ways to solve legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:

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Starting from January 2020, the so-called “cooling off period”, during which potential borrowers can apply for a refund of funds used to obtain loan insurance, is 2 weeks. Until that time, it was only 5 days.

General points

Not all Russian citizens are aware of the possibility of refunding life insurance funds. For this reason, banking institutions and insurance companies in particular take advantage of this, earning huge amounts of money every year.

In addition, they use other pitfalls and schemes. Because of this, it becomes necessary to consider in more detail the issue of the procedure for the return of funds for this type of insurance.

What is the purpose for which it is

This type of insurance for financial institutions provides an opportunity to earn at high interest rates. In most cases, this insurance is included in the body.
The interest rate is displayed on the total amount.

At the same time, after the transfer of insurance payments, borrowers receive significantly less funds in their hands.

Consider the situation on a specific example. Let's compare a loan of 100 thousand rubles without registration and a similar loan, taking into account the body of the insurance premium of 10 thousand rubles.

Both loan agreements:

• issued for 100 thousand rubles;
• contain an interest rate of 15% - the amount of the annual overpayment is 15 thousand rubles.

What happens in the end, consider in the table:

Type of lending	Loan without life insurance	Loan with life insurance
The amount provided to the borrower on hand	100 thousand rubles	90 thousand rubles
Insurance	0	10 thousand rubles
Annual overpayment in accordance with the signed agreement	15 thousand	15 thousand
The final amount of overpayments	15 thousand	25 thousand
Fixed real interest rate	15%	27,7%

It follows from this that in reality the borrower signs, not under the established 15% per annum, but almost twice as much.

In addition, banking institutions thus insure personal life and health in particular.

For this reason, even if insurance is not included in the main body, but follows in addition to this, the final difference in the amount of overpayments is impressive, especially when it comes to a long loan period.

As the law says

The procedure for insuring borrowers refers to voluntary financial companies, which, according to the legislation of the Russian Federation, in particular, cannot affect the cost and quality of the main products.

It follows that signing is not mandatory. In this situation, we are talking about a violation of the legislation of the Russian Federation in the event of imposing the design of an insurance product.

To do this, you do not need to know the legal subtleties and read the fine print of the document, since the details and names of the parties should be displayed already in the first paragraph.

The standard scheme of work of a creditor, in particular VTB, Russian Standard and other financial institutions, is as follows:

In the event that in both agreements a banking institution, for example, VTB, acts as the opposite side, then the borrower is connected to the developed one, which makes it possible to issue a refund only at the request of the bank representatives.

In the case of acting in the agreement as the second party of the insurance company, then by law, within the next 14 days, the possibility of refusing to sign the contract is allowed.

To do this, it is enough to follow the established mechanism of action, which is as follows:

Initially, you need to contact the office of the insurance company with an all-Russian passport

And draw up an appropriate application regarding the refusal of insurance and the return of the insurance premium. In such an application, it is mandatory to indicate the personal details of the current bank account, to which the funds are transferred in the future. You must also attach to it: previously signed insurance contract; documentary evidence of previously paid funds on account of insurance

Waiting for a decision from the insurance agent on the return of funds and termination of the contract

If there are no complaints, the decision is made as soon as possible.

In the absence of an organization on the territory of a particular locality, it is allowed to download an application on the official portal of the insurance company, fill it out and send it by express delivery service.

In this situation, copies of all completed pages of the all-Russian passport must be additionally attached to the above documentation.

It is extremely important that no insured event occurs before the period for making the appropriate decision regarding the termination of the agreement.

If it is available, the insurance company will consider the situation exclusively on an individual basis:

• the entire amount may be refunded in full;
• or the fact of accrual of payments for an insured event occurs.

Funds are subject to return within the first 10 days after receipt of the relevant application.

What to do after two weeks

In the event that citizens for some reason missed the established period for a refund, when applying in the future, such a procedure acquires the status of a lottery.

In this case, you should not immediately communicate with the relevant court, but you need to try to resolve the issue amicably with a banking institution.

The easiest way is for clients of organizations such as VTB 24 or Alfa Bank, where the insurance premium is included in the monthly payment, and insurance can be canceled at any month.

Video: how to return money for insurance after receiving a loan

In banks that take the entire amount from the client in advance, a lot depends on the position of the management and the text of the contract. In some cases, they may return.

Early repayment of a loan

In accordance with, borrowers who were able to repay loan obligations ahead of schedule have the right to return part of the insurance premium paid earlier.

Due to the fact that the insurance agreement must be signed for the term of the loan, then after the repayment of debt obligations, insurance is simply not needed.

It follows from this that part of the funds, the use of which is no longer necessary due to the absence of the likelihood of the onset of insurance risks, is subject to return.

The specified regulatory document clearly states that the decision regarding the return of insurance funds in the event of early repayment of loan obligations must be taken by insurance agents.

This means a high probability of non-return of funds. Such features must be indicated in the insurance contract without fail.

When You May Need Legal Assistance

In the event that the borrowers for some reason did not finish watching or were forced to issue a policy during the period of signing the loan agreement, after which they do not know what to do, it is recommended to urgently contact a qualified lawyer.