The Central Bank prohibited insurers from refusing to pay income under ILI and NSL due to sanctions
[ad_1]
Come into force on April 1, 2024 order The Central Bank with new requirements for payment of income under investment life insurance (ILI) and accumulative life insurance (NCL) contracts. Now insurers will not be able to refuse payments, citing blocking of payments due to sanctions.
The regulator’s order also establishes the minimum amount of insurance that is paid for survival risk. The amount will have to be calculated taking into account the age of the insured, the duration of the policy and the method of payment of the premium. It will also depend on the key rate of the Central Bank, which was at the time of concluding the insurance contract.
After the introduction of sanctions, Russian insurers restructured their product line, thanks to which the life insurance market is actively growing.
Read more about this in the Kommersant article. “Investment and accumulation view of life”.
[ad_2]
Source link
