Often, approximate values are calculated based on the key rate of the Central Bank of the Russian Federation. This is not entirely correct. Firstly, it can change dramatically depending on the economic situation. Secondly, insurers are not limited in forming the cost of policies exclusively by the key rate. But we can use it as an example.
So, at the time of preparation of the material, the key rate is 7.5%. If we take it as a basis, then with a loan of 100 thousand rubles, the annual cost of the policy will be 7.5 thousand rubles. Depending on the terms of the contract, it can be renewed annually automatically or with the consent of the insured person. The first option is the most common.
When applying for insurance, it is worth considering another important point regarding its cost: how exactly the policy will be paid for. If the borrower's funds are used, then its price will be exactly as germany mobile database stated in the contract. But if the bank's client does not pay for the policy, but adds its cost to the price of the loan, then interest will also be charged on this amount. Therefore, in the end, you will have to pay more for the insurance.
Depends on the specific situation. Experts recommend always insuring life and health, and leave protection against job loss to the discretion of bank clients. There are many "buts" in each situation: what insurance coverage is offered under the policy, how much it costs, how long it is valid, and so on.
In any case, it is worth comparing the requirements of different insurers and familiarizing yourself with the terms of each program. Many of them provide the possibility of adding various options - for example, protection when engaging in active sports. Keep in mind that in this case, you can expand the coverage and "adapt" it to yourself.
So what should you choose in the end?
The main advantage of insurance is risk protection. Its execution is a responsible approach to your own financial obligations. You can be sure that in an emergency you will not face the need to pay off a loan without having the funds for it, and you will not “pass it on by inheritance” or become a defendant in court.
The downside is that the service is paid. The cost is not always proportionate to the coverage. Often, insurance turns out to be too expensive even taking into account the total cost of the loan. Accordingly, its registration becomes inappropriate. If this is your case, then it is better to refuse the policy or consider options with other programs.