Insurance company "Renaissance Life": reviews, conditions and features

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today, absolutely everything can be insured: real estate, vehicles, luggage, as well as he alth and life. Undoubtedly, deciding to protect their own property interests in the event of injury or death, a person does not receive any significant benefit, but not everything in this world is built around money.

As you know, demand creates supply, so today in our country there are a huge number of organizations providing insurance services. At the same time, the main difficulty lies in choosing a reliable insurance company, because not all of them work in the interests of their clients. One of the leaders is the Renaissance Life insurance company (reviews, conditions and benefits of cooperation with it will be discussed below). The organization practices a personal approach and offers many flexible programs, so consumers have a lot to choose from. Let's try to figure out howare they profitable and is it worth trusting this SK.

Company Information

"Renaissance" is an insurance company that was one of the first to start working in Russia. It was founded in 2004 and today it occupies a leading position in the domestic market.

IC provides a wide range of insurance services, the main ones are:

• life and he alth;
• until a certain age;
• pension;
• from force majeure;
• medical;
• from serious illnesses;
• recurring payment programs.

"Renaissance" is a member of various professional associations, and also actively participates in the development and improvement of laws in the field of insurance. Representatives of the company can often be found at many thematic social events and promotions. Any decisions are made at collective meetings, thanks to which they are carefully thought out, weighed and rational. The insurer strives to make the life of the population as good as possible, so he regularly makes substantial donations to charity. Thanks to her, tens and hundreds of thousands of Russians across the country received financial assistance in a situation where a large amount of money was needed for emergency treatment.

Key Benefits

First of all, it is worth noting that insurance is a product, not an investment, so you cannot make money on it. Decidingto use this service, a person invests in the most valuable thing, namely in his life. Therefore, the main benefit here is quite obvious.

As for LLC IC "Renaissance Life" (reviews about the organization are mostly positive), it has an A + reliability class. The assessment was carried out by an independent rating agency, so it can be trusted. The high level of reliability is due to the fact that the company cooperates with many banks and institutions, and also conscientiously approaches the fulfillment of its obligations. In addition, the insurer has a large number of branches throughout the country.

If we talk about the benefits of life insurance, the main among them is that a person can get back their financial assets. This becomes possible thanks to accumulative insurance, as well as in the event that an event involving compensation payment has not occurred. However, it is important to understand here that you can get money back only after the contract has ceased to have its legal force. If the insured person dies for any reason, then his family members receive compensation.

The company "Renaissance Life" (reviews are very different) makes compensation payments within 14 days after the occurrence of the insured event. At the same time, according to Russian law, client funds cannot be frozen or seized. In addition, the money cannot be divided in the event of a couple's divorce and is not subject to tax.

Main Products

Let's take a closer look at this. As mentioned earlier, the Renaissance Life company (you can read reviews of employees and real customers at the end of the article) offers a huge number of products with flexible conditions.

The following insurance programs are currently available:

• "Heritage".
• "Children".
• "Future".

Each of them has certain advantages and disadvantages, as well as various features that must be taken into account when concluding a contract. Next, we will take a closer look at each product and find out what it includes.

Heritage program

So what is she like? Having decided to invest in life insurance, Renaissance (reviews about the company confirm its high reliability) will first of all offer you this particular product, since it is standard and involves the payment of monetary compensation in certain cases.

The program covers the following types of risks:

• death during the insurance period;
• fact of human life after the end of the contract;
• injuries of varying severity;
• all categories of disability;
• other conditions agreed on an individual basis;
• force majeure;
• diagnosing a fatal disease;
• financial assistance for cancertumors.

This "Renaissance Life" insurance (product reviews claim to be beneficial) can be taken out by anyone aged 18 to 65.

Children Program

What is her speci alty? As you might guess from the name, this product from Renaissance Life insurance (reviews from dissatisfied customers are extremely rare) is aimed at persons under the age of majority. It is especially relevant if the child is involved in any kind of sport.

The program assumes the following:

• refund of the full cost, if an insured event has not occurred for the period of the contract;
• payment of compensation upon the death of a child;
• terrorist acts;
• other factors specified in the contract.

Among the advantages of the product, one can highlight the fact that the client can independently determine the sum insured, which will be paid as a result of a force majeure event. In addition, it is possible to revise the conditions of the program.

Future Program

This is, perhaps, the most profitable product from IC "Renaissance Life" LLC, which exists today. It is based on the principle of accumulation of funds, which is carried out by making regular contributions.

As far as risks are concerned, the following are covered:

• refund after the end of the contract;
• payment of compensation as a result of the death of a client;
• disability anycategories regardless of reason;
• providing financial assistance to women in the diagnosis of cancer;
• terrorist acts;
• determine the pathology that can lead to death;
• various force majeure situations.

This product is beneficial in that the insured person can independently control their finances. In addition, money is subject to indexation, so in the event of inflation, the client will not lose a penny. Age requirements are standard - from 18 to 55 years old.

Do I need to take out insurance when buying an apartment with a mortgage?

Let's take a closer look at this. This question is of interest to every person planning to buy a home on credit. According to Russian law, banks do not have the right to force them to purchase related services, so the conclusion of an insurance contract is not necessary. However, some financial institutions do not neglect the opportunity to break the law. As for Renaissance Life, staff testimonials state that their organization works honestly and openly towards its clients, and therefore does not resort to any gray schemes.

Nevertheless, there is a certain benefit from insurance when applying for a mortgage. Firstly, it allows you to get more favorable lending conditions, and secondly, if something happens to the borrower, the insurance company will pay off the debt for the apartment.

How mortgage payments work

If you take housing on credit and at the same time arrangeinsurance at Renaissance Life LLC (reviews about the company fully confirm this), then certain requirements must be met in order to receive a compensation payment.

Among the main insured events are the following:

• death;
• disability 1 or 2 groups;
• sick leave for one calendar month or more.

The first two cases assume full coverage of the debt, while the latter covers only 1/30 of the loan.

When can compensation be denied?

This issue should be given special attention. The Renaissance Life company (customer reviews claim that this happens extremely rarely) can relieve itself of fulfilling obligations to the insured person. Conditions that imply refusal to repay the mortgage are spelled out in the contract.

These are:

• client did not notify the insured of having HIV or AIDS at the time of issuing the policy;
• suicide;
• force majeure due to alcohol or drug intoxication;
• if you get into an accident if the insured person does not have a driver's license;
• client has committed any criminal offense;
• hidden chronic illness resulting in disability or death.

It is important to understand that this list is standard. Any insurance company can form it at its own discretion.individually for each person individually.

How to terminate the contract?

Let's look at this issue in more detail. If you have taken out insurance in Renaissance Life insurance company (reviews about the organization are flattering in most cases) or in any other company, then you have the right to stop working with it.

However, this is only possible in a few cases:

• during the first 14 weeks after the signing of the contract;
• in case of early fulfillment of their obligations to the insured.

If your situation does not fall under any of the above, then most likely you will be denied a refund for the policy. In this case, nothing can be done, since the UK acts in accordance with Russian law and does not violate it.

How the termination procedure works

If you decide to refuse the purchased insurance product in the initial period, then there should not be any particular difficulties, since in this case everything is under the jurisdiction of the Central Bank of the Russian Federation. However, the following conditions must be met:

• presence of the original completed insurance policy;
• no compensation payments;
• among insured events there is job loss, death or force majeure.

First of all, you must fill out the appropriate application of the established form by registered mail to the office of the UK, which can be downloaded from the official website of the organization. That will be the legal basis.to terminate the insurance.

Proceedings for canceling a policy in case of early repayment of debts

In this case, you need to personally contact the "Renaissance Life" (reviews about the company in most cases are positive than negative) and fill out an application. In addition, you must have the following package of documents with you:

• civil passport;
• agreement;
• receipts confirming all payments.

After checking all the documents, you will be refunded the full cost of the policy. As for the early repayment of the loan, termination is impossible here, since the insurance ceases to operate simultaneously with the fulfillment of the debtor of all its obligations to the financial institution.

What do customers say about SK?

Many people used the services of Renaissance Life. Customer reviews are quite contradictory, but most of them are positive. The insurer has been operating in the market for a long time and values its reputation. All payments in the event of insured events are made on time and in full. There were no facts or complaints that the organization somehow acted incorrectly in relation to customers, which is the best proof of its reliability. Take care of yourself in any situation!