How to return loan insurance at Post Bank: all ways

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

In the article, we will consider how to return loan insurance at Post Bank.

This organization, when applying for various loans for Russians, offers to issue an insurance policy in parallel. The loan will be fully issued even without insurance, however, bank employees often impose an insurance procedure on the client, appealing that they may refuse to apply for a loan without it. A citizen always has the right to refuse insurance, and this will not be the reason for refusing to lend (this rule does not apply to car loans and mortgages).

That is, insurance is not mandatory, you can safely refuse the persuasion of a bank employee. You can get a loan without taking out an insurance policy.

However, there are situations when a person first draws up a loan agreement and an insurance policy, and only then thinks about the fact that insurance was imposed on him. In such cases, you can try partially or completelyreturn insurance. Theoretically, the return process is very simple, but in practice it turns out that it is not always possible to return insurance at Post Bank.

After obtaining a loan and signing an insurance contract, it is important to act as quickly as possible, because due to any delay, the return of insurance may become impossible.

So, let's find out how to return the loan insurance at Post Bank.

Methods of returning an insurance policy

It is recommended to refuse personal insurance at the moment when the loan agreement is signed, that is, simply exclude the corresponding item from it and refuse to pay the insurance premium. It is very important to read the terms of the loan before signing the contract. If it is necessary to issue an insurance policy, for example, when a bank refuses to lend without insurance, and finances are very much needed, it is recommended to immediately check with a bank employee the rules by which the policy is returned and the money paid for it is received.

How to return the insurance on the loan in the "Post Bank" is interesting to many. There are several options for the development of the situation:

1. Early repayment of the issued loan. When a bank client repays all the debt ahead of schedule, he automatically no longer needs to use insurance. In this regard, it makes sense to try to return some of the money. However, this option is only suitable for those people who pay the insurance premium in installments. In this case, the client has the right toterminate the contract and return part of the contributions. But when the insurance is paid in full when applying for a loan, it will be possible to perform the indicated manipulation and return part of the insurance only if the loan agreement contains the appropriate clause. How else to return the loan insurance at Post Bank?
2. Reluctance to use an insurance product. When a bank employee imposed insurance, and the client himself did not initially plan to issue it when lending at Post Bank, the return of the policy is possible, but only within the allotted time and only if there is information about such a possibility in the contract.

It is unlikely that the entire amount will be returned

In each of these cases, returning the loan insurance at Post Bank is a rather painstaking task. Even if you act in accordance with all the rules, it is unlikely that you will be able to return the full cost of the policy - the insurance company and Post Bank will still retain a certain amount to pay interest for the service provided or other incomprehensible procedure.

Therefore, it is worth calculating how profitable the return of insurance will be before contacting the bank. In some cases, the amount that is returned to the client in the end is not worth the effort and time that was spent.

Recommendations

It is worth issuing a refund of insurance under a loan agreement at Post Bank if the amount exceeds several tens of thousands. Return procedurethe insurance premium must be strictly observed by the client of the bank if he wants the insurance company to return the maximum amount.

How to return the loan insurance at Post Bank in case of early repayment, we will tell below.

Early repayment policy

To return a part of the sum insured (you definitely won’t be able to return the entire amount - only for the period during which the insurance was not used by a person), you must perform several actions in a certain order:

1. Apply to Post Bank for a certificate of full repayment of the loan debt.
2. Contact the policyholder, providing him with the insurance contract and the specified certificate, and draw up an application for a partial refund. You can get an application form directly from the policyholder or bank representative.
3. Attach a package of required documents to the application. As a rule, this is a certificate, a loan agreement, an insurance agreement. Sometimes you may need a photocopy of your passport or other documents. How to return loan insurance at Post Bank after a year of loan repayment is a common question.
4. The insurer is obliged to return the funds no later than 10 days from the date of receipt of the request.
5. When an insurance company refuses to refund part of the funds, a written refusal should be requested from its representative.
6. After receiving a written refusal, the insurance documents and the application are sent to the court for further proceedings. It should be borne in mind that in court it will be necessary to pay for some services.on one's own. It is important to find out in advance how to return the loan insurance at Post Bank in case of early repayment of the loan.

It is worth noting that the application and all documents for the return of insurance should be submitted exclusively to the office of the insurance company.

If the loan was repaid ahead of schedule, and there was a short period of insurance, the company quickly agrees to a refund. But when the amount is large enough, you often have to insist on your right to return the money. Moreover, the insurance company will still keep part of the amount to pay the commission.

Refund of insurance in case of unwillingness to use it

Sometimes a person already at home realizes that an insurance service was included in his contract, and its cost is quite high. In this case, you should immediately begin the process of returning the insurance policy, and the paid money to yourself.

Application for a refund of this amount must be submitted within a maximum of 14 business days from the date of commencement of the policy. Otherwise, the policyholder has the legal right to refuse to terminate the insurance contract and return the premium paid under the contract.

Procedure of action

In this case, the order of the main actions of the borrower should be as follows:

1. Contact the bank and file a statement of your desire to return the insurance and refuse to use it.
2. Attach a copy of your passport or other document capable ofverify identity. You will also need the insurance agreement itself and a check for payment of the company's premium.
3. Get your insurance premium back within 7 days.

Employees of "Post Bank" will assure of the impossibility of returning insurance, saying that its execution is a condition for lending and so on. Trust them in this case is not worth it. It is necessary to carefully read the insurance contract, study the clauses regarding the rules and terms for the return of the premium (in some contracts it is indicated that if you wish to return the insurance, it is not refundable). After that, you can contact the bank to draw up an application, referring to the contract and legislation.

The client of the bank should not sign the documents before fully studying all their points. If the contract has already been signed, you should not wait - you need to start the process of returning your money as soon as possible.

How to return the loan insurance at Post Bank after 14 days?

Situations when the return of insurance may be denied

The insurance company has the right to refuse to refund the insurance premium on the Post Bank loan in the following cases:

1. Within 14 days from the start of the policy, an insured event occurred.
2. Person has not personally applied to a company or bank within 14 days.
3. The insurance contract contains the corresponding clause.
4. The insurer does not fulfill its obligations.

Thus, it is theoretically quite simple to return the insurance premium for a loan issued by Post Bank. However, in practice, this is a rather laborious and time-consuming process. It is important to complete and submit all documentation within a very short period of time, and then request a written response from the insurance company. If all the conditions and rules for paperwork are not met, even the court will not help the bank's client to return the insurance.

Read contract

You should always carefully study the contract before signing it, and if some of its provisions remain unclear, consult a bank representative on their account. As practice shows, insurance in many cases is beneficial only for the bank itself.

Many customers want to return the loan insurance at Post Bank. Feedback on this is presented below.

Reviews

Feedback from Post Bank clients about attempts to return insurance is not very positive. Employees of the organization are trying by all means to refuse the insured to return the money for insurance. Many report that in the end they managed to return them, but it took a lot of time and effort.