Putin signed the law on shared life insurance – Kommersant
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Russian President Vladimir Putin signed law, which introduces shared life insurance (DSH) in Russia. The innovation will come into force on January 1, 2025.
For Russia, this is a new type of insurance with an investment component – this product is similar to the world practice of unit-linked. The law simultaneously grants a person the right to receive life insurance and investment income: part of the insurance premium for life insurance goes to life insurance, and part to the purchase of investment shares.
The amount of the insurance payment or redemption amount will depend on the market value of the purchased shares. At the same time, the Bank of Russia has the right to establish requirements for the conditions and procedure for implementing shared life insurance.
The Ministry of Finance said that the DSZ will help attract investors’ money and protect their interests. Earlier, Kommersant wrote that the DSG may partially change existing investment and savings life insurance policies.
Read more about shared life insurance in the text “Kommersant” “In Share with Life”.
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