Sberbank card insurance: conditions, features, tips

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

In the article, we will consider how Sberbank cards are insured.

It is now very difficult to imagine the life of a modern person without a plastic bank card. Perhaps this is the same as going to the store without a wallet. Thanks to the universal payment tool, you can easily pay for purchases, cash out money, get loans, and more anytime and anywhere.

Relative safety of customer funds on cards

Funds that the cardholder always has at hand are relatively safe. It is relative because scammers have already invented more than one sophisticated way to appropriate the contents of people's cards to themselves.

No one guarantees that such unpleasant situations will bypass a person and his money will be safe and sound. You should prepare for everything in advance, and the best solution in this case is to issue a Card Protection insurance policy from Sberbank. This product is optional, howeverbank employees strongly advise their customers to connect insurance as additional protection for the card, which guarantees monetary compensation if an insured event does occur.

Features of Sberbank card insurance

In Sberbank, the plastic card insurance service is a reliable method of protecting funds on its account from illegal actions of intruders, as well as to secure the process of paying for services and goods in shopping centers, chains, cafes, shops and the Internet to the maximum extent.

Insurance of bank cards of Sberbank has several advantages:

• Comfort and reliability. Without exception, all bank card holders are given the opportunity to purchase an insurance policy without much delay. This can be done during a visit to any Sberbank branch by contacting a competent bank employee or on your own using a virtual network in the Sberbank Online program.
• Guaranteed safety of financial resources, no matter what actions are taken by attackers. One insurance policy protects all cards held by the client and issued to his bank account.
• Benefit. All owners connected to the Thank You Bonus Program can save up to 15% on the cost of the purchased insurance policy.
• Using the "Card Protection" policy allows a Sberbank client to insure a set of his cards (basic, debit,additional and credit) for such amount of insurance protection, which is set at the discretion of the holder.
• The term of the policy is one year. The protection program begins to operate fifteen calendar days from the date of its registration. For the card, insurance is valid around the world around the clock.

In what cases will you need financial insurance on a Sberbank card?

If you take advantage of advantageous card insurance offers, you can be sure of card insurance protection in the following situations:

• shady use of funds on the holder's card by strangers;
• inability to manage money due to the loss of a plastic card.

What can Sberbank card insurance protect against?

From Fraud

Under the shadow use of financial resources from a bank card is understood as follows:

• disposal of unauthorized stolen or found plastic card;
• cashing funds from the card after the personal signature of the account holder or plastic was forged at the cash desk of a Sberbank branch;
• obtaining a plastic card, as well as a PIN code suitable for it, as a result of a hooligan attack on the cardholder or threats against him;
• theft from the plastic holder during the first two hours after the card was cashed in an ATM;
• using a fake plastic card to receive cash, pay for services and goodsusing real information on original plastic;
• other illegal actions to assign a card by third parties.

The Sberbank card is also insured in case of its loss. The insurance cover applies to a bank card in the following situations:

• theft;
• robbery on the owner of the plastic;
• technical malfunction of the terminal or ATM;
• degaussing or mechanical damage to a plastic card.

How much does Sberbank card insurance cost?

Cost

The exact cost of the "Card Protection" insurance policy is determined by two main circumstances:

• by concluding an insurance agreement - at a branch of Sberbank directly with the help of an employee of the organization or independently through the Sberbank Online system;
• The amount of insurance protection, the amount of which the cardholder sets at his discretion.

Now you can tell in more detail about the cost of plastic card insurance services. When applying for a "Card Protection" policy at a bank branch, the following rates will apply:

• if the amount of insurance is 120,000 rubles, then the policy will cost 1900 rubles;
• with the amount of 250,000 rubles - 3900 rubles;
• with the amount of 350,000 rubles - 5900 rubles.

When applying for a policy through the Sberbank Online system, the policy will cost:

• for 120,000 rubles - 1710 rubles;
• for 250,000 rubles - 3510rubles.

Cheaper online

After analyzing these data, we can conclude that the minimum cost of an insurance policy is ensured due to the execution of an agreement through the Sberbank Online system independently in the client's personal account. The amount of this insurance will be the lowest. If we compare the conditions of insurance policies, it is obvious that it is more profitable and easier to insure a plastic card via the Internet. For example, when insuring a bank card for 250,000 rubles directly at the financial institution itself, the policy will cost 3,900 rubles, while online such an operation will cost less - 3,510 rubles.

How is Sberbank credit card insurance done?

Credit Card Insurance Terms

Owners of Sberbank plastic cards can insure them in order to protect themselves from attacks by an intruder. If an insured event occurs (for example, fraudsters cash out funds from a credit card, and the cardholder learns about this from an SMS message), then the insurance company will compensate for the loss in accordance with the selected sum insured. But if the damage is too great, if the stolen amount exceeds the insurance amount, the difference will not be reimbursed.

To conclude a Sberbank card insurance agreement with a bank, you must contact any branch and have your original passport with you. In addition, you can insure your card via the Internet yourself.

Sberbank credit card insurance is becoming increasingly popularpopularity.

Instructions

To apply for an online policy, you can use the following instructions:

• open the official website of Sberbank;
• then go to the tab "Insure yourself and your property";
• stop the selection in the menu that opens on an item such as "Bank card insurance - apply online";
• choose the amount for which the credit card will be insured;
• leave your details in the appropriate fields: passport details, registration address and other information;
• actions are confirmed by pressing a button;
• then an email will be sent to the client's e-mail with a ready-made "Card Protection" policy;
• after reading its content, you can pay for the service using a bank card.

The entire procedure of voluntary insurance of Sberbank credit card holders online will not take even fifteen minutes, however, the client's payment instruments will be provided with reliable protection against intruders for a whole year.

Debit card security

The "Card Protection" policy covers both credit and debit cards of Sberbank. All debit cards held by the customer may be insured against misuse and unauthorized access.

No matter how the policy was issued (in a bank or online), and the form of agreement (paper or electronic), insured cards will be well protected, since all financial losses in the event of an insured event will be reimbursed according to the amount of insurance chosen by the client.

Paper and electronic contract for insurance of funds on a Sberbank card are equivalent documents.

Can I not insure a Sberbank card?

People who issued a bank card (especially a credit card) were constantly faced with the fact that a bank employee offered to issue a very favorable insurance in addition to the card, which provides absolute protection and guarantees that in case of illegal disposal of finances from the card, her loss or theft, the insurance company compensates for the loss of the client.

The legislation of the Russian Federation refers only to some mandatory types of insurance, and here we are not talking about consumer insurance at all. Therefore, any owner of a Sberbank card, on absolutely legal grounds, can refuse the insurance that is imposed on him (including credit), and even after the fact, after the bank employee was able to convince the client of the high value and need for insurance and made him a policy.

The insurance service for holders of Sberbank credit cards, as well as debit cards, is purely voluntary, and everyone determines for himself the degree of necessity and importance of this procedure. There is only one minus - if the client refuses insurance, the bank can reduce the credit limit on the card or increase the interest rate (although this is rare, it is practiced, since the bank primarily insures its possible risks associated with the issuance of a loan).

Method of termination of insurance

To give up alreadyissued insurance, the client needs:

• go to the nearest branch of Sberbank, taking with you the original insurance policy and passport;
• announce your intentions to a bank employee;
• fill out an application of the appropriate form, which will indicate the reason for refusing the service, as well as contact details.

An application under the regulations is considered for two weeks, but in practice a decision on a client's case is made faster.

Reviews on Sberbank card insurance

Only the owner himself can judge the expediency of insuring his card. But it is not easy to objectively assess and, accordingly, establish the degree of need for this service. People in most cases turn to the responses of other users who have a definite opinion on this matter, which is supported by practical experience. So, what do Sberbank customers think about the plastic card insurance service and the policy?

Some users say that, being disorganized people, they lost their salary cards, which had just received a certain amount. Naturally, they were upset and sometimes did not think of immediately blocking the card, as a result, in the evening they received a message on the phone that the card had paid for the purchase in the store. After that, the bank employee's offer to insure a new card is received with enthusiasm by customers.

Other users say that they have been cooperating with Sberbank for many years and they have notnever needed insurance. But at the same time, they never refuse insurance protection, acting on the principle of "avaricious pays twice." Now the machinations of scammers are so intricate that you can only feel safe with insurance.

Some customers say that they were persistently offered to make an insurance policy to protect the card when applying for a Sberbank credit card. He had to cover the losses. However, the owners refuse because they can't handle unplanned expenses and aren't sure they'll need insurance at all.

Conclusion

Thus, the opinions of Sberbank customers regarding the provision of additional protection for cards are divided. Maybe this happens because in our country the insurance system is just starting to work at full capacity, and many people are simply not used to this practice yet. However, every year the number of users who have taken out voluntary insurance for a Sberbank credit card, as well as a debit one, is steadily increasing.