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Mortgage insurance
Get mortgage insurance from Sberbank in 30 minutes with a discount of up to 40%
hurry up to submit an application and receive an additional 5% discount when applying for an electronic policy
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Read detailed information about the service
We offer a mortgage insurance service for Sberbank. RESO-Garantiya is an accredited partner of Sberbank in life insurance and real estate pledged for mortgage lending. We save your time by offering mortgage insurance products in strict accordance with all Sberbank requirements. Experience shows how troublesome it is to prepare everything for signing a loan agreement, so we offer insurance products without questionnaires, tedious collection and sending of loan documents, and real estate valuation. If you have complete information about the transaction, paperwork takes no more than half an hour.
RESO-Garantiya issues borrower's life and real estate insurance policies both for new mortgage transactions and renews policies previously issued by any insurance companies. Thanks to a large portfolio of mortgage contracts, our mortgage policies are guaranteed to be cheaper than those from Sberbank. In addition, RESO-Garantiya life insurance policies contain a minimum number of exclusions and are fully consistent with similar programs of Sberbank insurance companies. Submit a request for a mortgage insurance quote and receive a cost estimate in 15 minutes. See also the section on insurance of apartments against fires and floods.
Conditions for obtaining a policy
The policyholder and the insured persons under the contract are the categories of people listed in the “Mortgage Insurance Rules” dated November 09, 2015. According to the document, life insurance covers the risks of accidents and illnesses, regardless of citizenship.
Only legally capable persons over 18 years of age, whose age at the end of the contract does not exceed 75 years, are admitted to insurance. At the same time, their state of health should be assessed as satisfactory, i.e. they should not have a disability of the 1st and 2nd groups (with a supporting certificate). If there are medical grounds for the disability of these groups, the policy will be denied.
Also, an examination of mortgage housing may refuse a policy if the building is considered dilapidated or at risk (cataclysms).
Important. The borrower is obliged to notify the insurance company about long trips abroad, a change in type of activity (work), as well as about significant illnesses that have arisen within 10 days from the moment they became known.
As for the rates and cost of insurance, the conditions are purely individual. With excellent health indicators and the absence of traumatic hobbies, the cost of the policy decreases. And vice versa - the older the borrower and the more pathologies or chronic diseases he has, the more expensive the service is.
For example, a girl born in 1990. at the request of the bank, buys a policy with a collateral amount of 5 million rubles. She spends 13 thousand rubles a year on insurance. And if a man with the same conditions buys a policy, but is 20 years older (born in 1970), then the insurance costs him 50 thousand rubles.
On average, the price of a policy at JSC SOGAZ varies between 0.1-0.7% of the mortgage loan amount (insurance premium), and comprehensive life and health insurance on a mortgage reduces the rate on this policy. And if you refuse life insurance, it increases to 1-1.5%.
In what cases are payments calculated?
Insured events are only accidental circumstances resulting in loss of ability to work or death of the insured persons. In accordance with the “Rules”, payments are accrued when:
- Death due to accident or illness.
- Receiving disability as a result of the same events.
- Temporary loss of ability to work for a period of at least 30 days.
In this case, risks are insured both according to the basic program (all inclusive) and separately. Those. When an insured event occurs from the list, the premium is paid as a total or separately for each case.
Reference. In SOGAZ there is an option with a separate accrual for temporary disability.
Partner banks using JSC services
The partners of IC SOGAZ are the largest banks of the Russian Federation (Sberbank, VTB, FC Otkritie, Absolut Bank, Gazprombank, Raiffeisenbank, MTS-Bank, Promsvyazbank), as well as regional banks (Kuban Credit, Morskoy Bank, Rosevrobank, etc.).
It is possible to insure life on a mortgage at any insurance company of the policyholder's choice, unless the creditor bank sets special requirements, for example, regarding the insurance premium: different insurance companies offer their own compensation limits and prices accordingly. The consumer of services is artificially limited in this regard.
If insurance is carried out after receiving a mortgage, when mandatory insurance of the collateral has already been purchased, then the policyholder applies to any insurance company. The bank must remain impartial in this regard.
The right to freely choose an insurance company is spelled out in clause 3 of Government Resolution No. 386 “On cases of admissibility of agreements between credit and insurance organizations” and No. 135-FZ “On the Protection of Competition”. Tariffs and rates in insurance companies often depend on the creditor bank, which issues many insurance requirements.
Is it possible to get insurance if SOGAZ does not cooperate with the bank?
The Russian government provides people with the opportunity to choose any company to take out mortgage insurance for their apartment. And it doesn’t matter whether the chosen company is a partner of the bank where the borrower is applying for a mortgage or not.
The lender does not have the right to refuse to issue a loan to a citizen only on the grounds that SOGAZ is not his partner. Therefore, if you want to enter into an insurance contract with SOGAZ, then you can safely go to the financial institution and notify it of the decision made.
Cost, tariffs and rates
Policy rates are set when drawing up the contract after determining the insured events. The approximate cost of the policy can be found on the SOGAZ website in the section for individuals (Real Estate - Mortgage Insurance (application)). The cost of the policy is affected by:
- Gender, age, health status.
- Amount and term of the mortgage (balance of debt).
- Type of property (expert assessment).
- Region where the property is located and conditions of purchase (primary or secondary market).
- Type of professional activity based on danger.
Life insurance rates are differentiated and depend on the above circumstances. The average rate for insurance in this area is 0.2% for completely healthy young citizens and 1-1.5% for older people.
Attention! Insurance coverage cannot exceed the loan amount and is limited to the premium shown in the policy. In the event of the death of the borrower, the property and debts on it pass in accordance with the established procedure to the heirs.
How to calculate insurance online?
The cost of the policy is calculated using a special SOGAZ calculator (https://shop.sogaz.ru/realty/mortgage/). If necessary, draw up a contract online.
To determine the cost, fill in the following fields:
- creditor bank;
- city;
- mortgage amount or debt balance;
- type of insurance;
- Date of Birth;
- number of insured;
- share (%) of life insurance in the loan agreement.
Typically, banks indicate how much life insurance should be insured to cover possible risks (voluntary agreement).
To get a percentage share, you need to divide the mortgage amount by the limit in the agreement.
Example 1:
Young man born in 1985 from Moscow takes out a mortgage in the amount of 10 million rubles. in Sberbank for the purchase of land. Insurance under the loan agreement is RUB 3.5 million. The share of life insurance is correspondingly equal to 35%. The man decided to purchase a package policy that provides insurance for all risks.
In this case, the life insurance policy will cost approximately 10 thousand rubles. (without taking into account health status, site examination and other formalities).
Comprehensive insurance will cost an order of magnitude higher. In our example, the total insurance price will be 51 thousand rubles. per year (title and compulsory insurance of collateral).
Example 2:
Male born 1975 from Smolensk takes out a mortgage in the amount of 1.5 million rubles. in FC Otkritie for the purchase of an apartment. He does not need insurance under the loan agreement: he signed up only for the mandatory conditions, using his right. The bank did not interfere with him, but simply raised the percentage to the basic lending program (the final cost of the mortgage increased).
The man regularly paid his monthly payments for six months (72 thousand). Due to poor health and lack of diagnosis (all tests were normal), the man decided to play it safe and bought a policy, notifying the insurance company.
The total mortgage amount increased to 3.5 million rubles. without 72 thousand. In order not to leave his family with debts (in case of death), he paid for insurance, taking into account a premium similar to the total loan (100% share). The insurance price was 19 thousand per year, and the compensation for payment was 3.771 million rubles. (exceeds debt).
Life insurance for mortgage in Sogaz
Life insurance for a mortgage in Sogaz will be a good financial safety net in the event of a serious illness of the insured. The following is also recognized as an insured event:
- death;
- disability.
The insurance company will transfer the required amount to the bank to fulfill loan obligations. If the policy limit exceeds the debt, the company's client or his heirs will receive the difference.
Calculation of mortgage insurance in Sogaz using an online calculator is available on our website.
Sogaz is one of the largest insurance companies in Russia. The insurance company has been operating since 1993. Rating agencies note the high level of its reliability. The company is included in the lists of many banks that issue housing loans recommended for cooperation. Among them is Sberbank.
Procedure for registration
The policy is issued according to the established procedure:
- filling out an application to the Investigative Committee;
- provision of a package of documents (copies);
- signing a contract;
- payment of the policy.
Important! Detailed instructions are provided on the insurance company’s website in the “Rules of Mortgage Insurance”.
What documents do I need to provide?
To obtain insurance you will need the following documents:
- Passport, SNILS, INN, documents for non-residents (migration card, permission to stay in the Russian Federation, visa).
- Certificates from medical institutions, dispensaries and other institutions where the client is observed, results of a medical examination.
- Certificates of employment, other documents confirming employment (membership, individual activity).
- Income certificates.
- Documents for real estate (certificate from the Unified State Register of Real Estate, registration certificate, purchase and sale agreement).
- Documents for the seller (extract from the Unified State Register of Legal Entities, state registration certificate, constituent documents, tax registration certificate).
- Loan agreement and payment schedule.
A package of documents is collected for each borrower, co-borrower, and seller. Particular attention is paid to documents when foreign parties participate in a transaction or when purchasing real estate on the secondary market. A complete list of documents is presented in clause 6 of the Rules.
In separate publications on the pages of our website, all the conditions, offers, tariffs, rates, and the cost of life insurance for a mortgage in different insurance companies are discussed in detail. We invite you to learn how to obtain this insurance from companies such as RESO-Garantiya and Ingosstrakh.
About company
RESO Garantiya is a universal insurance company that was established in 1991. As of 2021, the insurer is ready to offer its clients more than 100 types of insurance and reinsurance services.
The insurer offers both mandatory and voluntary products to legal entities and individuals. You can buy insurance at the office of the insurance company, through an agent or in real time.
The company employs more than 27,000 agents and brokers who are ready to advise on any product and issue a policy with home delivery. The company has more than 900 offices throughout the Russian Federation, in which each client can order any product, or write an application for compensation.
Attention ! Since 2009, based on the results of an audit by the Expert RA agency, the company was assigned a “ruAAA” rating.
Reso-Garantiya actively cooperates with many large banks. The largest partner banks:
- Alfa Bank;
- Sberbank;
- VT24;
- Rosselkhozbank;
- UniCredit Bank.
Full list of banks:
What to do if an insured event occurs?
The algorithm is as follows:
- Contact a medical facility or morgue.
- Notifying the insurance agent.
- Filling out an application for compensation.
- Entering into inheritance if necessary.
To contact the insurance company, you will need to collect a package of documents:
- Death certificates (hospital, registry office, court).
- Documents confirming your request for help.
- Certificates of disability of groups 1 and 2.
More detailed instructions are given in clause 8 of the Rules.
SOGAZ is one of the market leaders in mortgage life insurance. An extensive policy program is tailored to each client without inflating the cost of the service. Insurance conditions are optimal and open. If it is necessary to clarify the cost of the policy, the applicant will receive competent advice and will be able to conclude an agreement in the office.
Reviews
On the Internet you can find many reviews about comprehensive insurance. We would like to bring to your attention a client's review stating that upon termination, the company withholds the costs of conducting the business in the amount of 45%. Here are instructions on how to properly return the money after repaying the loan.
In conclusion, it can be noted that Rosgosstrakh offers to issue a mortgage insurance policy on favorable terms. You can purchase protection by filling out an application through our financial portal.
We will be grateful if, after reading the article, you like it and share your own insurance experience. Tell us how you bought the protection and how much you paid.
If you need help with insurance issues, we recommend that you seek advice from an expert on our portal. He will answer any question and help prepare any document to defend your interests.
Mortgage insurance from Sberbank and VTB is discussed in detail below.
