The Ministry of Finance of Russia proposes to introduce a system of guaranteeing a system for three years by analogy with deposits. The relevant bill will contribute to the Government in 2022. About this on Tuesday, January 11, writing “Izvestia” with reference to the department.
According to the press service, a document involving innovations in the life insurance system is now being edited. In January, it will be published on the Internet and sent to interested parties. According to the newspaper, the initiative implies a two-year transition period before its entry into force. During this time, the necessary shareholders regulating the actions of participants must be taken, and infrastructure has been implemented to start this system. The fund will be formed thanks to the deductions of market participants.
All-Russian Union of Insurers (WCS) supports the creation of a system of guarantees in the life insurance market. Vice-President of the Union Viktor Dubrovin in a conversation with the publication noted that the amount of guarantees in terms of the insurance premium will be 1.4 million rubles, and if the risk under the contract was realized, then the amount of insurance payment will be guaranteed, but not more than ten million rubles. In his opinion, such a mechanism may appear for three years, and warranties will have to cover long-term accumulative life insurance agreements.
Earlier, Russian travel agents appealed to Rospotrebnadzor with a request to review the conditions of insurance for tourists who were injured on vacation alcohol. They indicated that tourists could claim compensation from the insurance company only upon presentation of the test on the presence of alcohol in the blood – thereby, the provision of insurance services is raised dependent on the acquisition of medical examination analyzes. The action of most insurance policies does not apply to injuries, accidents and poisoning obtained in a state of alcohol intoxication, but there is no clear definition of sobriety criteria.