CEO of An Analytical Agency “Businesswerr” Pavel Samiev said that life insurance has chances to become the most profitable alternative to the Russian pension system, writes Forbes.
Analyst called the insurance by an alternative to state payments, since its programs have a flexible mechanism. He implies not only the creation of pension savings by certain time, but also medical support during life.
“In Russia, such analogue is the accumulative life insurance, which, in addition to the accumulation and investment part, includes a number of services: medical, tax, and so on,” the specialist explained to the Russians.
Life insurance differs from the state pension by the fact that increasing payment for insurance do not adapt to the market, and also do not affect the sustainability of companies and the market.
Samiev stressed that the accumulative life insurance in Russia increases. Thus, the awards in this segment in the first quarter of 2021 increased by 18 percent: from 27.7 billion to 32.7 billion rubles. According to the analyst, this is due to the fact that citizens of the country began to worry about their own health and life.
Earlier, Russians chose the best time to retire. Only 30 percent of citizens are gathering to quit and go to rest to achieve the age-established law by the law, and 42 percent of respondents plan to work until health.