Many people know that when applying for a loan, bank employees overly intrusively offer to insure life and health. However, not everyone understands that credit insurance can be returned. How to return insurance on a Sberbank loan - conditions for 2019, cases and methods of return - is described below.
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Return of insurance after loan repayment in 2019
Not all people understand whether insurance is required when applying for a loan or not , and also whether it is possible to return insurance in the event of a loan repayment.
If there is no longer a need for the services of an insurance company, then you should write an application to the company that issued the policy, indicating that the loan has been fully repaid. Based on this application, the insurance contract must be terminated and no more insurance payments will have to be made.
If there is a desire to return part of the amount back, in this case, you need to do it differently. From the very beginning, before signing the contract, it is necessary to consider in detail all the nuances of the return of insurance payments, especially the timing and size. To return insurance at Sberbank after paying off the debt on the loan, you should pay attention to the following conditions:
- if only a month has passed after signing the contract, you can return the insurance amount in full;
- if about six months have passed, the insurance company will return about half the amount;
- if more than half of the validity period of the insurance has passed, most likely, a refusal to return the insurance funds will be received.
It is permissible to resolve the issue in court. However, you should be prepared for the fact that the payment for the process may exceed the amount that you plan to receive.
An exception is a policy that implies a lump sum payment of the entire amount at once. But in this case, it is unlikely that you will be able to return the money.
Documents for the return of insurance
To know how to return insurance on a Sberbank loan (conditions for 2019), you need to clarify the necessary package of documents.
Samples of the necessary certificates and extracts are provided for review:
Return of an insurance policy from Sberbank Insurance
If the insurance policy is issued through the company Sberbank Insurance , there is every chance to get your money back. For the return of insurance, many loan programs require full repayment of the debt. The algorithm of actions in the event of a refund of the amount of money under the insurance policy can be disassembled using the example of the Savings Insurance program:
- Repayment of consumer credit.
- Timely insurance premiums.
- Submission of an application for the payment of the remaining sum insured.
- Obtaining a decision from the insurance company regarding the refund.
If you used the services of a third-party insurance company to obtain insurance, you will have to act as follows:
- detailed analysis of the conditions for the return of insurance payments;
- contacting an insurance company;
- preparation and submission of an application for reimbursement of the remaining sum insured;
- receiving a response from the insurance company.
Next, you will have to act on the basis of the answer of the insurer. If a refusal is received, its legitimacy should be immediately clarified. For this, it is best to seek the help of a lawyer. The specialist will help to collect all the documents and draw up a statement for the trial.
Return of insurance after payment of a loan in court
You can recover the money spent on the policy in court. The success of a business depends on various circumstances. To increase your chances, you should carefully prepare by consulting with lawyers who practice in banking.
In addition to the main documents, you will need to take the following papers from the insurance company:
- refusal to return insurance funds (in writing);
- an expense receipt or statement indicating the purposes for which the client's insurance premiums were spent.
It happens that the contract prescribes a number of reasons why the insurance company does not reimburse the money. In this case, it is impossible to return them even in court.
Clarification of refund details when applying for a loan
To protect yourself from trouble, at the time of registration of the insurance contract, you should specify the conditions for a refund . It is best to use the services of the company Sberbank Insurance.
In this case, it remains only to choose the right program based on the possibilities and expectations. How to return insurance on a Sberbank loan - the conditions of 2019 require insurance coverage in the event of:
- disability due to an accident;
- of death;
- death or disability for any reason (from the second year of the policy).
Before signing the contract, you should familiarize yourself with the risks and peculiarities of terminating the insurance contract.
How to return credit insurance (video)
Video review on what to do to return insurance on a loan at Sberbank.