Land transport insurance (except railway) Land transport insurance (except railway) - a type of insurance, according to which the subject of the insurance contract is property interests that do not contradict the law, related to the ownership, use and disposal of a land vehicle, including its trailer, and all types of vehicles special purpose. This type of insurance provides for the insurer's obligation to pay the insurance indemnity in accordance with the terms of the insurance contract for the fee established by the insurance contract (insurance premium, insurance payment, insurance premium) by indemnifying the insured or another person specified by the insured in the insurance contract (beneficiary) for loss, incurred by them in connection with damage, destruction or loss of the insured ground vehicle, including its trailer, and all types of special purpose vehicles, as well as, if provided for by the rules and the insurance contract, additional equipment to them. The condi...
Showing posts from November, 2022
Railway transport insurance Insurance of railway transport - a type of insurance, according to which the subject of the insurance contract is property interests, which do not contradict the law, related to the ownership, use and disposal of a railway vehicle (rolling stock). This type of insurance provides for the insurer's obligation to pay the insurance indemnity in accordance with the terms of the insurance contract for the fee established by the insurance contract (insurance premium, insurance payment, insurance premium) by indemnifying the insured or another person specified by the insured in the insurance contract (beneficiary) for loss, incurred by them in connection with damage, destruction or loss of the insured railway vehicle (individual units of rolling stock) and, if provided for by the rules and the insurance contract, additional equipment to it. The conditions of voluntary insurance of railway transport may provide for insurance against fire risks and risks of n...
Health insurance in case of illness
Health insurance in case of illness Health insurance in case of illness - a type of insurance under which the subject of the insurance contract is property interests that do not contradict the law, related to the life, health and working capacity of the insured or a third person (insured person) specified by the insured in the insurance contract with her consent. This type of insurance provides for the obligation of the insurer for the payment established by the insurance contract (insurance contribution, insurance payment, insurance premium) to make an insurance payment in accordance with the terms of the insurance contract in the amount of the insured sum or its part in the event of the death of the insured or the insured person, temporary loss by him ( her) of working capacity, establishment of his (her) disability as a result of an illness or in the case of his (her) illness, stipulated by the insurance contract, which happened to the insured or the insured person during the va...
Medical Insurance Medical insurance (continuous health insurance) - a type of insurance under which the subject of the insurance contract is property interests, which do not contradict the law, related to the health and working capacity of the insured or a third person (insured person) specified by the insured in the insurance contract with her consent. This type of insurance provides for the insurer's obligation to make an insurance payment in accordance with the terms of the insurance contract in the amount of the insured sum or its part for the fee established by the insurance contract (insurance contribution, insurance payment, insurance premium) by: payment of the cost of health care of a certain list and quality in the amount of the health insurance program chosen by the policyholder, which was provided to the policyholder or the insured person by the health care institutions to which he (she) applied during the validity of the contract, in connection with the disease, ...
Accident insurance Accident insurance - a type of insurance under which the subject of the insurance contract is property interests that do not contradict the law, related to the life, health and working capacity of the insured or a third person (insured person), specified by the insured in the insurance contract with his consent . This type of insurance provides for the obligation of the insurer for the payment established by the insurance contract (insurance contribution, insurance payment, insurance premium) to make an insurance payment in accordance with the terms of the insurance contract in the amount of the insured sum or its part in the event of the death of the insured or the insured person, temporary loss by him ( her) of working capacity, establishment of his (her) disability or his/her receiving of traumatic injuries and/or functional health disorders provided for by the insurance contract as a result of an accident that happened to the insured or the insured person dur...
Life insurance Life insurance is a type of insurance under which the subject of the insurance contract is property interests, which do not contradict the law, related to the life, health, working capacity and pension provision of the insured person. This type of insurance provides for the insurer's obligation to make an insurance payment in accordance with the insurance contract in the amount of the insured sum, its part and/or in the form of regular consecutive payments of the sums specified in the insurance contract for the fee established by the insurance contract (insurance premium, insurance payment, insurance premium) (annuity) in the event of the death of the insured person, as well as, if provided for by the insurance contract, in the event of the insured person's survival before the expiration of the insurance contract and/or the insured person reaching the age specified in the contract. In the event that upon the occurrence of an insured event, regular consecutive...
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Insurers and fraudsters - the confrontation continues
Insurers and fraudsters - the confrontation continues, the formats are changing How are strategies and tactics in the fight against insurance fraud changing? What threats and dangers await insurers and the insurance market in the "digital future"? These and other questions will be answered by Igor Fatyanov, Chairman of the Insurance Fraud Control Committee of the All-Union Insurance Association. How will insurance fraud and abuse of rights in automobile insurance change in connection with the development of information technology? Does digitalization work to the advantage of insurers or fraudsters? Are there examples of "high-tech" fraud that have been detected or prevented? Of course, fraudsters are mastering the digital space. The most common cases (which are now more or less dealt with) are fake websites issuing fake CMTPL policies and the use of Internet sales for fraud. I don't take cyber-risks yet, because they are not so often realized in Russia. On t...
Investment Insurance Investment insurance is a type of insurance where the subject of the insurance contract are property interests, not in conflict with the law, related to investment activities of the insured or another person designated by the insured in the insurance contract. This type of insurance provides for the insurer's obligation to pay indemnification in accordance with the insurance policy by compensating the insured or another person designated by the insured in the insurance policy (the beneficiary) for the loss incurred in the course of investment activities as a result of the loss of investments or a part thereof, failure to receive investment income for reasons specified in the regulations and the insurance policy. Loan Insurance (Liability for Loan Default) Loan insurance (including borrower's liability for loan default) is a type of insurance where the subject of the insurance contract are property interests that do not contradict the law and are rela...
Insurance Against the Flu: Key Points and Offers
Insurance Against the Flu: What You Need to Know About Policies and Offers Some insurance companies offer voluntary health insurance (VHI) programs for protection against the flu and acute respiratory diseases, but there is no unified approach to this issue. Some programs include mandatory vaccinations and compensation for illness, while others provide flu treatment within broader insurance plans without having separate programs. Specialized flu insurance may exist, but difficulties in diagnosis and determining the connection between complications and the flu can lead to disputes over claims. Overall, while specialized programs may be more affordable, the uncertainty in diagnosis makes them less appealing to insurers. Challenges: The main issue with flu insurance is the difficulty in diagnosing influenza distinctly from other respiratory infections. Insurers require a clear flu diagnosis to determine coverage, leading to potential disputes over claims. If complications arise, the i...
Insurance of civil liability of a bankruptcy trustee
Insurance of civil liability of the liquidator Insurance of civil liability of a bankruptcy trustee (receiver, manager, liquidator) for damage that may be caused in connection with the performance of his duties is a type of insurance, the subject of which are property interests, not in conflict with the law, related to compensation of damage caused by the insured or another person, whose civil liability to third parties is insured, as a result of the professional activity of the bankruptcy trustee (receiver, manager, liquidator). This type of insurance provides for the insurer's obligation to pay indemnification to a third party for a fee (premium, insurance payment, insurance premium) established by the insurance contract in accordance with the terms of the insurance contract for damage caused by unintentional actions or errors in the exercise of the powers of the insolvency manager (receiver, liquidator, liquidator). Agricultural insurance Agricultural insurance (Insurance...
How much are overpaying for policies?
Generosity of insurers: how much do people overpay for policies? Services for the sale of policies to insurers themselves cost 241.4 billion rubles in the first nine months of 2019. Banks earned more than others, whose commissions reached 150.5 billion rubles - the same amount as for the whole of 2018. And they were ultimately paid by insurance buyers. Consumers have a choice: they can buy a policy in the office of the insurer, on its website, from an agent or from a bank. The only difference is the price, which is made up of the basic cost of the policy and the commission of the agent selling it. It is higher with banks. For example, an accident policy with a payout in case of death of the insured of 750 thousand rubles can be bought from the insurer for 3.9 thousand rubles, while in the bank it will cost 4.9 thousand rubles. Nevertheless, Russians often buy insurance in banks. First, because banks are trusted by 88% of the population, while insurance companies are trusted by only...