Insurance partner companies of Sberbank: list of the best

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

In the article, we will consider the partner insurance companies of Sberbank.

Policying is one of the options for reducing risks in lending. In this regard, almost all financial institutions, including the obvious leader of the country's financial industry - Sberbank, offer borrowers who have received insurance more favorable interest rates on loans issued. At the same time, only those policies are accepted that are issued in accordance with the requirements of the credit institution, that is, in accredited companies.

Sberbank's partner insurance companies will be discussed further.

Mortgage and conditions

To date, eighteen companies have been accredited to insure mortgage real estate in the financial institution in question. This also includes the subsidiary structure of the institution - Sberbank Insurance. There are other insurance companiesSberbank's mortgage insurance partners who meet the basic requirements.

Each organization independently determines the conditions of the service offered to customers. This is the essence of competition, when mortgage borrowers get the opportunity to choose commercial offers that are more profitable for them.

Let's consider the insurance companies that are partners of Sberbank for a mortgage loan.

Mortgage Partners Top List

Let's give a complete list of organizations that cooperate with this bank. So, the most serious participants are currently:

• One of them is RESO-Garantiya, which ranks second in the ranking of institutions last year, second only to IC Sberbank Life Insurance. Every year, this firm collects more than eighty-nine billion rubles from customers in the form of bonuses. Mortgage rates range from 0.15 to 0.67 percent. It is better to get information about insurance companies that are partners of Sberbank in mortgage and life insurance in advance.
• VTB Insurance is the next largest company in the country. Mortgage borrowers are offered preferential programs that provide for the issuance of policies not for one year, as is usually the case, but immediately for three or five years. What other insurance partner companies of Sberbank exist?
• Institution "AlfaStrahovanie" is a member of one of the leading financial holdings "Alfa Group" and the largest private memberthe respective market. Today it is in fourth place in terms of collected insurance premiums.

VSK currently ranks fifth in the rating of Sberbank's partner insurance companies in mortgage insurance. Among the competitors, the variety of types of services and products offered, including mortgage real estate, stands out

Among other insurance companies that are partners of Sberbank in mortgage lending, it is worth mentioning two more that are in the top ten, namely: SOGAZ and Ingosstrakh. Thus, the clients of a financial institution are given the opportunity to choose the most advantageous offer from several made by the obvious leaders of the Russian insurance market.

We will continue to consider Sberbank's partner insurance companies in mortgage and life insurance.

Terms of life insurance

The list of companies accredited by Sberbank for various loan products, excluding mortgage services, includes fifteen companies that meet the basic requirements.

Terms and conditions for life insurance offered by different companies as part of a loan can vary greatly. This, as a rule, is facilitated by the factor that the rate is tied to an amount that varies at the request of the client, in contrast to the same mortgage, where there is a certain and understandable value of the property. As a result, the price of insurance varies in the range from 0.74 to 3 percent of the value of the amount, and it is determinedindividually for each client and loan product. Now consider the main offers of this service.

Programs

The following programs are offered for Sberbank clients on the official website of this financial institution:

• Getting a multi-policy, which is a unique offer that includes almost all types of insurance.
• "Home Protection" is for those who apply for mortgage loans.
• "Protection of relatives and friends" - this service provides guarantees to customers in case of damage to the he alth of relatives.
• Sickness and accident insurance. It is in great demand and in demand due to the low level of tariffs and a significant number of possible unforeseen situations that are included in the policy.
• Service for traveling citizens.
• For plastic card holders. This offer is a relatively new insurance product, which is popular due to the large number of debit and credit plastics issued by the bank.
• Investment and endowment life insurance. These types of insurance are offered to privileged clients of the financial institution in question, using the services of the Sberbank Premier and Sberbank First packages.

Life Insurance Partner Companies

Most of the organizations described above as part of the list of accredited for mortgage insurance are admitted by Sberbank even before issuing life insurance. To theminclude VTB Insurance, Alfa Insurance, SOGAZ, Ingosstrakh, VSK, RESO-Garantia. In addition, the following companies are among the partners:

• Sberbank life insurance company, which is a subsidiary of the parent organization. It leads the rating of market participants. The institution collected almost thirty-two billion rubles of insurance premiums last year, which is significantly more than that of its competitors. An important role in this was played by the lobbying of the company's interests by Sberbank, which has the largest client base in Russia. Insurance partner companies of Sberbank of Russia are mostly large and reliable.
• Institution "Zetta Insurance" closes the top 30 in the ranking in terms of collected premiums. Among the main achievements of this organization is the offer of more than nine dozen different programs.
• Company "Liberty Insurance" is on the fortieth place among the major players in the domestic market. It is part of the international group of the same name, which provides it with a very reliable financial base along with a stable position that distinguishes the organization from many competitors.
• Establishment "Surgutneftegaz" belongs to one of the major oil companies. As a result, it is the leader of the insurance market in Western Siberia, where the main production facilities are located. This company is a direct client of Sberbank, which is considered the main factor in mutually beneficial cooperation.
• CompanyAbsolut Insurance is in the top 50 in the insurance market and occupies the forty-eighth place in the rating. The main feature of this company is its active work with Sberbank customers along with participation in the Thank You loy alty program. As a result, serious benefits with discounts are provided for borrowers of the leader of the banking sector, which makes it possible to significantly increase their own client base.

The rate of Sberbank's partner insurance companies for mortgages and life insurance is always calculated individually.

Sberbank and its insurance partners

This organization is the undisputed leader of the country's financial sector. As an example, it is worth citing the following data: in terms of the volume of assets, it is ahead of VTB, which is in second place in the rating, by almost two and a half times. The logical result of this provision is the presence of a large customer base. It is not surprising that any insurance company wants to be among those accredited by Sberbank. True, it is not at all easy to do this even for well-known and large insurers.

Rosgosstrakh lost its accreditation

For example, the recent leader in the insurance industry, Rosgosstrakh, lost its accreditation from Sberbank due to violation of several requirements. This decision almost immediately affected the financial condition of the institution, which before that was not the most stable. In addition, following the results of last year, Rosgosstrakh went down nine places in the ranking at once.largest companies, falling from first to tenth. It is important to emphasize that the outlook for the coming year for this insurer is also unfavorable. The above example demonstrates the importance of successful mutual cooperation with Sberbank and the availability of accreditation, which is a prerequisite.

We will also give below information about the insurance companies that are partners of Sberbank for a car loan.

Car Loan Partner Organizations

By issuing such a service at a relatively low percentage, Sberbank seeks to minimize the risk of non-repayment of borrowed funds. In this regard, one of the basic conditions for car loans is additional compulsory insurance of pledged cars. In other words, issuance of CASCO policies.

Each bank (and Sberbank is no exception) interacts with a certain list of insurance companies whose activities are verified and meet all the requirements of the financial structure. Among these, it is worth noting: VTB Insurance, Ingosstrakh, VSK, Alfa Insurance, Regiongarant, Zhaso, Sberbank Insurance, Helios, Adonis, Sputnik and others.

Conditions to be met by an organization

The credited citizen has the right to choose the most suitable company for himself at his own discretion. The main thing is that it satisfies the following conditions:

• Been active in the market for over three years.
• Be sure to comply with all the necessary rules and regulations imposed by Russian law.
• Compliedbank claims according to the criteria of solvency and financial stability.

As part of the confirmation of the above factors, the borrower independently undertakes to present the relevant documents.

Features of car loans at Sberbank

Most financial institutions, including this one, prefer to issue a loan only on condition that a CASCO policy is issued. What is it and what benefits does it give the client? The fact is that this service compensates for the risk associated with the theft of a car or an accident, causing damage to a vehicle, the onset of various accidents, such as a tree falling, a collision with a wild animal, and the like. Compulsory OSAGO insurance compensates only for the risks associated with traffic accidents.

Conclusion

Nevertheless, regardless of the type of product chosen, customers trust Sberbank and its insurance partners. This financial institution, as already noted, has many partner companies in this area. It is worth noting that they all strive to develop the most favorable offers and conditions for customers.

We reviewed Sberbank's partner insurance companies for mortgages, life insurance and car loans.