Debit card with insurance. Is money on a bank card insured or ways to protect bank cards

To begin with, it is worth noting that the insurer is not the bank itself, but the insurance company with which it has a partnership agreement. There are three most popular types of card insurance.

1. Insurance of the card itself

Many banks offer to insure the credit card itself: these are Binbank, Intesa Bank, VTB24, Raiffeisenbank, Rosbank, Sberbank and others.

So, Binbank advises to protect the funds on the card using a program called “Card Protection”. The card can be insured not only against loss, theft or complete physical destruction, but also against all kinds of fraudulent actions by third parties. In particular, compensation will be paid if criminals withdraw money from your account using a counterfeit card, if you pay with it on the Internet, if banknotes received from an ATM are stolen, and even if you yourself told the scammers your PIN code as a result of a physical threat. reprisals against you. Approximately the same insurance conditions for Bank Intesa .

It's no secret that such insurance cases have been happening quite often lately. Just know that all this will still need to be proven, but in reality it is often not so easy. Therefore, if such a situation arises, do not forget to record and collect as many facts and documents as possible (receipts, photographs, audio recordings, etc.). Random witnesses will also come in handy.

IN Alfa-Bank Several insurance programs are offered. By choosing, for example, the “Card without Risk” program, the owner is insured against the loss of the card and its further use by fraudsters, as well as against robbery while withdrawing cash from an ATM. Please note that in the first case, the insurance will be paid only for a period equal to 48 hours before the card is blocked, in the second - 2 hours after the cash is issued. Sberbank and VTB24 have similar insurance conditions.

If you choose the “Risk-Free Card Plus” program in the same Alfa-Bank, then the loss of funds as a result of phishing or skimming will be added to the insured events.

Some banks are ready to reimburse other costs of the client. Eg, Rosbank And Promsvyazbank will pay insurance for the costs of restoring the client’s personal documents, his keys and locks lost along with the card, and even for the costs of re-issuing the card.

2. Life and health insurance for credit card holders

Many banks offer to insure not the cards themselves, but their owners, i.e. you.

Eg, SMP Bank will pay compensation if the client is injured, loses his ability to work (i.e. is recognized as disabled) or loses his life. However, it is worth considering that if an accident occurs with a client while intoxicated (no matter drug, toxic or alcoholic), during military operations, a nuclear explosion or under some other conditions (read the contract carefully), then insurance compensation will not be paid.

Credit card holders can also insure their health and life Sberbank ,Uniastrum Bank , Alfa-Bank and many other financial institutions.

Please note that usually such programs will only apply if you are located in the Russian Federation. At the same time, such republics as Chechnya and Ingushetia are often excluded.

3. Insurance when traveling abroad

This is another common type of insurance offered by many banks.

For example, in Bank "Avangard" the terms of the program are as follows: if your work or vacation abroad is overshadowed by injury or illness, just contact a representative of the service company. He will give the necessary advice and help in calling a doctor or hospitalization. The insurance company promises to cover all expenses associated with paying for treatment, sending medications, and even traveling and staying in the hospital for a close relative of the victim. However, be aware that such insurance is not valid in your country of permanent residence. Risks will not be covered if the trip lasts more than three months or the insured exposes himself to increased risk (skydiving, skiing, etc.).

SMP Bank will refuse to pay insurance compensation if you went to a country where there is military action or an epidemic raging, as well as to a place where the Russian Foreign Ministry does not recommend traveling.

Bank24.ru offers two programs for travelers at once: “Basic” and “Extended”. According to the first, only trips abroad are insured, according to the second - within the territory of Russia too.

How much does it cost?

Naturally, the cost of the policy will depend on many factors, and therefore differs significantly from bank to bank.

• Card insurance

At Rosbank, the amount of the insurance premium depends on the program: “Classic” - 550 rubles/year (maximum compensation amount up to 33,050 rubles/year), “Comfort” - 950 rubles. (up to 81,100 rubles), “Elite” - 1,750 rubles. (up to 177,500 rub.).

At Raiffeisenbank, the commission and amount of payments are determined by the status of the credit card: for a classic card you will need to pay 70 rubles / month (reimbursement - up to 75 thousand rubles), for a gold card - 140 rubles / month (up to 150 thousand rubles).

At Binbank you can choose an annual contribution from 300 to 6 thousand rubles, respectively, the compensation will be from 30 thousand to 1 million rubles.

At Bank24.ru, a similar program is free for owners of gold and platinum credit cards, and the compensation will be 78 and 125 thousand rubles. respectively.

• Life and health insurance

At Uniastrum Bank, the card owner (no matter gold or classic) will have to pay 0.59%/month of the debt amount for insurance.

Sberbank has three insurance companies as partners, which is probably why the cost of insurance is not reported on the website. Details can be found directly at the bank's offices.

• Travel insurance

At Avangard, such a policy will cost €13.75 with a liability limit of €30 thousand or €/$26.25 with a limit of €/$100 thousand.

Some banks do not charge their clients for travel insurance at all. This was noted by Otkritie Bank and Bank24.ru (though only for platinum and gold cards), as well as SMP Bank (for main platinum, gold and standard cards).

In principle, the commissions are not that big, but whether the game is worth the candle is up to you to decide. In any case, do not forget to first study the insurance contract in detail and be prepared for the fact that sometimes you have to run for compensation.

Reading time: 7 minutes. Views 312 Published 09.22.2018

Sberbank is the flagship of the Russian banking sector. The use of modern security technologies allows the bank to reliably protect its products from various types of fraud. However, the loss of the card by the client or its theft may lead to the loss of funds on it. It is with the aim of protecting cardholders from unforeseen circumstances that could lead to such cases that Sberbank has developed a product such as insurance of its electronic means of payment.

Why do you need card insurance at Sberbank?

Sberbank card insurance is a program developed by Sberbank specialists for those clients who actively use it as a means of payment. In the process of using it, every person is not immune from problems such as:

• loss of the card, its theft, as well as disclosure of the PIN code;
• skimming (fraud when withdrawing funds from ATMs);
• breakdown or demagnetization of plastic, etc.;
• counterfeiting of a means of payment by fraudsters and cashing out money from a card at an ATM or bank cash desk;
• theft of money received by the client.

If such troubles arise, the client must contact the bank no later than within two days from the date of the incident. If submitted later, the application will be rejected.

What is the insurance policy for?

When insuring funds on a Sberbank card, you can select a risk group, upon the occurrence of which an insured event will occur:

1. Any unauthorized actions with funds. These include forging the means of payment itself or the client’s signature on it, taking possession of a means of payment or a secret PIN code, and using the client’s personal data to take over his funds from a bank account.
2. Losing your means of payment. The risk group includes loss as a result of attack or theft, damage to a plastic payment instrument, or its demagnetization.
3. Theft or criminal misappropriation of money received by the owner of the plastic card within two hours from the moment of withdrawal.

When taking out a policy, you can choose either a separate risk group or all at once.

Is there any benefit from insurance?

Sberbank card insurance is always beneficial. The main advantages are:

• security of funds on the card;
• the policy applies both to the territory of the Russian Federation and beyond its borders;
• the policyholder himself determines the categories of risks from which there is a need to protect himself;
• the cost of the insurance policy decreases in inverse proportion to the amount insured (the more money on the card, the smaller percentage of this amount must be transferred as an insurance premium);
• the opportunity to save money by purchasing insurance through the remote banking service;
• Purchasing one insurance provides the opportunity to protect all client funds.

Which cards are insured?

The insurance product developed by Sberbank provides the opportunity to insure:

• any debit cards (personal, salary, pension, etc.), including the main ones and additional ones linked to them;
• credit cards.

Credit

Sberbank credit card insurance allows you to protect clients' obligations on borrowed funds. The insurance payment is calculated on a monthly basis and amounts to 0.7% of the amount of the client’s debt on the card. If there is no debt on the credit card, insurance payments are also not charged..

It is quite simple to connect protection to the card, as well as cancel the service. It is enough to send an SMS with the code received from the bank to number 900. If an insured event occurs, the insurance company undertakes to repay the entire amount of debt on the Sberbank credit card within the prescribed period.

Debit

Taking out an insurance policy allows you to make transfers and pay with debit cards anywhere in the world. The debit card protection period is 1 year, and the service begins 15 days after registration. An additional bonus is the daily accrual of 1.7 rubles in the form of THANK YOU points.

Process of receiving insurance payments

In the event of an insured event, you must:

1. It is mandatory to block the plastic.
2. Call back the phone number of Sberbank Insurance, give the insurance policy number and report the occurrence of an insured event.
3. Within 2 days, go to a bank branch and submit an application to receive an insurance payment.

When contacting the department, you must have the following documents and certificates with you:

• a completed application form for payment with a description of the insured event;
• an agreement concluded with an insurance company and a payment slip confirming payment of premiums;
• identification document;
• in case of loss or theft of the card, you will need a certificate from the bank, which will indicate the cost of restoring the plastic;
• in a situation where the client was attacked, you need to present a resolution on a criminal case from the Ministry of Internal Affairs;
• If the plastic is damaged or demagnetized, you will need a certificate confirming the damage to the card.

Important! If money is stolen, you must contact the bank within 12 hours of the theft.

Upon consideration of the request for the occurrence of an insured event, the company makes a decision on payment of the coverage amount. The fact of payment occurs within three working days from the date of confirmation of the occurrence of the event. The amount of payment is the amount of damage received, but cannot be higher than the amount of coverage specified in the contract.

Policy cost

How much does it cost to protect products on plastic? It depends on which card will be insured, the amount of money that will be protected by the insurance company, as well as the method of registration of the product:

1. The cost of the insurance payment when applying for protection on a credit card will be equal to 0.7% of the monthly debt amount on plastic.
2. The principle of paying for a policy for a debit card is different:

How to get insurance

You can sign up for an insurance contract in two ways: directly at a bank branch or remotely through Sberbank Online. Once the policy is issued, it must be activated. The insurance conditions are as follows:

1. The policy is issued for a period of 1 year.
2. More than 3 payments cannot be made under one insurance contract.
3. The amount of coverage is reduced in case of payments under the contract.

In the case where insurance was issued for all cards, but the main one is not active, the remaining cards continue to participate in the program.

At the Sberbank office

To apply for a policy at a bank office, you will need a passport, as well as a card account servicing agreement. When filling out the insurance policy, you must provide the following information:

• name and details of the insurer;
• personal information about the policyholder;
• list of cards to which the service is connected;
• a list of insured events upon the occurrence of which payment occurs.

After drawing up, the policy is signed by the client, as well as by the manager of the bank branch.

Remotely

When registering an insurance product remotely, you must do the following:

• log in to the client bank, select the section with insurance products and select the most attractive service option;
• fill out the form provided by the bank;
• confirm the execution of the insurance contract.

If necessary, the “All cards under lock and key” option can be activated. This will allow you to protect all client cards. All completed documentation will be sent to the cardholder’s email account.

Insurance policy activation

Upon completion of card insurance, this service must be activated. This can be done on the website of the bank or insurance company. To do this, fill out a form containing a number of required data. Once completed, the activation request is sent for verification. If all data is correct, the insurance company will activate the service. As a rule, reconciliation is carried out within a period of several minutes to two to three days.

Is it possible to refuse insurance?

Very often in Sberbank branches you can encounter the fact that its employees “load” various additional services on the plastic card that the client issues. One of these “trailers” is insurance of bank cards.

Is it possible to refuse this additional service? Definitely, yes, since the legislation of the Russian Federation does not include this type of insurance as generally compulsory. To cancel insurance after the policy has been issued, you must:

1. Visit a bank branch with your passport and insurance policy.
2. Fill out the application form to cancel this service.

conclusions

A plastic card as a payment instrument gives its owner many advantages. However, due to certain types of risks, there is a possibility of theft of funds from the client account. Taking out insurance allows the cardholder to feel confident even in the most unpleasant life situations. Thanks to this service, the client can always count on the safety of funds.

It can be insured against fraud. This service is offered today by many credit organizations that issue cards. For example, Sberbank, VTB 24, Alfa-Bank, Russian Standard, Promsvyazbank, Citibank, Bank Intesa, Rosbank, etc.

As a rule, special insurance programs are aimed at protecting cardholders from financial losses in the event of robbery at an ATM, unauthorized debiting from the card by third parties, loss and theft of the card, and some other cases.

The cost of this service depends on insurance coverage. On average, it varies from 1% to 1.5% of the insurance limit. In some banks, the insurance policy is paid immediately upon registration, in others, the card holder is charged a monthly fee.

For example, at Alfa-Bank one of the insurance “card” products is the “Protected Card”. Using it you can protect yourself from losses associated with fraudulent actions of third parties, as well as from loss or physical destruction of the card. The bank's insurance premium for a “Secured Card” will range from 1,200 to 4,300 rubles per year, depending on the type and status of the card. With this card you can return from 100 thousand to 300 thousand rubles.

The Fraud Protection program of Russian Standard Bank covers the following risks: fraud through ATMs and terminals, online fraud, unauthorized use of a card, robbery when withdrawing cash. When an insured event occurs, the client's actual expenses are reimbursed in the amount of up to 50 thousand rubles (up to 12,500 rubles for each insurance risk). The fee for participation in the insurance program is debited from the card account monthly and amounts to 50 rubles.

At Banca Intesa, the fraud insurance policy for bank cards protects against unauthorized use of the card by third parties in the event of its loss, their receipt of cash from the bank by copying the client’s signature on payment documents, as well as from the account, when, under the threat of violence against themselves or loved ones, the client is forced to transfer your card and inform the criminals of the PIN code, from withdrawing funds from the card account, as a result of obtaining information from the client through fraudulent actions and the use of a fake card (phishing, skimming). The amount of payments under the insurance policy depends on the category of the bank card and varies from 30 thousand to 150 thousand rubles. The cost of a policy for one year is from 300 to 1,600 rubles.

Under the VTB 24 “Card Protection” program, you can insure against such risks as illegal debiting of funds from a lost or stolen card, robbery when withdrawing cash from a card, loss of keys and documents along with the card. The fee for participation in the insurance program is debited from the card account monthly and, depending on the chosen program, is 90 or 130 rubles. Insurance premium – from 20 thousand to 150 thousand rubles.

It is worth noting that bank card insurance is currently not very popular among cardholders.

Almost every adult citizen has a bank card. The range of uses of this banking product is extensive: Internet payments, withdrawing cash from an ATM, paying for services and goods, transferring funds. Each of the procedures carries the risk of losing funds that are in a bank account. To steal money, scammers use the latest digital technologies, well-thought-out schemes, and the carelessness of owners. The card insurance service, which is provided by almost all major banks in Russia, helps protect your funds.

Features of the insurance service

The object of insurance is the property interests of the owner of a specific card. The list of conditions under which a situation is recognized as an insured event is individual for each insurer. It depends on the policyholder which insured events are included in the insurance program and which are not. There is also a comprehensive offer that takes into account additional risks. For example, if keys and documents are stolen along with the card, then insurance will cover their cost. Insurance services are provided not by banks themselves, but by partner insurance companies. The bank enters into an agreement with the insurer and offers its clients to insure the card on conditions favorable to all.

Employees of financial institutions have no right to impose or force people to sign an insurance contract. The terms and amount of the insurance premium depend on the bank. The procedure for recognizing a situation as an insured event is also not simple: the client must not only strictly comply with the deadlines for notifying the bank about the occurrence of an insured event, but also immediately contact law enforcement agencies. The list of insured events also includes unnecessary items. If the plastic card is demagnetized or damaged, the insurer will pay the owner the cost of reissue. It is difficult to save because the compensation will be less than the insurance premium. However, insurance will really protect you from scammers and robbers.

In what cases is compensation paid?

The payment under the insurance policy depends on how accurately all insurance conditions are met, and whether the client’s request is recognized as an insured event. The country of residence of the cardholder and his actions are also taken into account. If the client disclosed the card details to third parties, then the insurance will not cover the losses, since the client himself is the culprit. Also, some banks clearly distinguish between assault and robbery and theft of money due to carelessness. In the second case, the insured event does not occur. As a rule, the following are recognized as insured events:

• Obtaining a PIN code or card by fraudsters who threatened or used force;
• Forgery of a signature and withdrawal of funds through a bank cash desk;
• Making a counterfeit card and withdrawing funds;
• Loss of a card during an attack or robbery;
• Skimming (loss of funds due to manipulations with ATMs);
• Phishing (loss of money when visiting fake sites);
• Damage to plastic, including accidental damage, demagnetization, card removal by a faulty ATM.

Losses will be covered under the insurance contract if the insured event was included in the insurance program, there are no arrears in insurance premiums, the deadlines for notifying the financial institution about the loss of funds have not been violated, the client was in the coverage area, contacted law enforcement agencies on time and can prove it. As a rule, payments are not provided more than 3 times during the insurance period. Also, each specific agreement sets a payment limit, on which the amount of contributions depends.

Insurance policy cost

The amount of insurance premiums and insurance maintenance depends on the specific insurance company and the program that the client chooses. Additional services are also taken into account (for example, the holder’s life is insured along with the card), the insurance period, and increasing/decreasing coefficients (not in all banks). Before signing an insurance contract, it is recommended to carefully study all the points or consult with a specialist. The approximate cost and terms of insurance are presented in the table.

Table - Prices and terms of insurance for bank cards in 2018

Insurance Company	Insurance conditions	Contributions per year, rub.	Coverage, rub.
LLC IC "Sberbank Insurance"	The Sberbank card is insured, the amount of the premium depends on the coverage area, the status of the card, and the activity of its use	700	30 000
		1710	120 000
		3510	250 000
OJSC "Alfastrakhovanie"	The risks of the bank card holder are insured (the list of banks is indicated in the policy). The premium is charged in full, the insurance territory is not limited	1490	110 000
		1990	150 000
		3490	330 000
PJSC IC "Rosgosstrakh"	The card of PJSC FC Otkritie is insured. The fee is charged at one time, the coverage area is not limited	1500	100 000
		2250	150 000
		4500	300 000
LLC IC "VTB Insurance"	Funds on the card, keys and documents lost along with the card are insured. Contributions are debited from the account monthly, coverage area is the whole world	Depends on the selected insurance program	150 000
Societe Generale Insurance LLC	Risks associated with Rosbank cards are insured (Defense program in 3 options). The minimum insurance period is one year, the territory is not limited	750	20 000
		1200	75 000
		1900	150 000
BIN Insurance LLC	The object of insurance is property interests associated with the use of a Promsvyazbank card. Insurance period - month, year	From 99 to 169 or from 989 to 1690 depending on the insurance period	Not indicated
JSC Raiffeisenbank	Program “My Safe Bank” JSC “Raiffeisenbank”, insurance period - month, year	Over the year from 1490 to 6990; Per month from 149 to 699	Not indicated

Insurance services are becoming the most popular; the insurance company Sberbank offers its clients various financial protection programs, including insurance of bank cards. Such protection allows you to safely use plastic, protect yourself from the possible risk of fraud and receive compensation in the event of an insured event. But most clients do not know about this service and its main advantages. Therefore, in this article we will answer the question of what Sberbank card insurance is, why the service is needed and whether it is possible to refuse it.

What is card insurance protection?

Sberbank Insurance is a subsidiary, the company of the same name, of the largest bank in our country. It offers protection of funds on a plastic card account. And this program, it is worth noting, has some advantages:

• absolutely every interested client of Sberbank can issue an insurance policy in any way convenient for them, namely directly at a bank branch or through its remote online resource;
• You can partially pay for the cost of the policy with bonuses Thank you, but not more than 15%;
• the policy protects against fraud; such insurance protection is available for any credit or debit plastic.

Accordingly, bank card insurance allows you to receive financial compensation when an insured event occurs. Moreover, here the client can determine the amount of compensation for loss of funds; the amount of the insurance premium will directly depend on this. Such a policy is provided for one calendar year and begins to operate 15 days after its payment. Financial protection applies to the following cases:

• theft of funds stored on a plastic card account by criminals;
• loss of bank plastic.

It is worth explaining in more detail what theft of funds means and what cases are covered by insurance:

• funds were stolen from the card account by fraudsters as a result of theft;
• the attackers used violent methods to obtain plastic media and data to access the client’s personal funds;
• funds were stolen as a result of fraudulent activities when attackers forged documents and signatures of clients;
• robbery of a client and theft of a plastic card.

In general, if, as a result of unforeseen circumstances, the card was stolen by criminals and they criminally obtained funds from it, then the client can count on financial compensation from the insurance company.

Tariffs for the service

As mentioned earlier, the cost of the insurance policy will depend directly on the client, namely on the amount of insurance protection. Therefore, it will be calculated individually for each client. It is worth saying that the cost of an insurance policy is also affected by the method of concluding an agreement; we recall that the client has the opportunity to do this through Sberbank or through the official website of the insurance company.

For its clients, the bank offers three service tariffs; here is a table to compare them. So, how much does it cost to protect funds? Consider:

Registration online		Registration through a bank branch
	Amount of compensation, rubles	Amount of insurance premium, rubles	Amount of compensation, rubles
30000	700	120000	1900
120000	1710	250000	3900
250000	3510	350000	5900

Please note that the cost of the policy is indicated for one year of its validity.

From the presented table it can be seen that the cost of the policy will directly depend on the amount of compensation upon the occurrence of an insured event, and when purchasing insurance online, it is possible to save some money on purchasing the policy. By the way, it is also worth considering that the amount of compensation cannot exceed the amount that was lost by the owner of the plastic as a result of fraudulent actions.

Features of credit card insurance

Insurance of Sberbank credit cards is most relevant, because the plastic account does not store the client’s own funds, but borrowed funds, therefore, in the event of theft of funds, the borrower will not be released from credit obligations. But if you take out a policy from an insurance company, then the obligation to repay the bank loan will fall on the shoulders of the insurer.

Please note that in cases with credit cards, the amount of insurance protection must be equal to the credit limit, because if the stolen funds exceed the amount of insurance coverage, the borrower will pay the difference independently.

And one more important nuance: the insurance company will not pay the debt of the borrower himself, that is, the amount that he disposed of before the theft of funds. Otherwise, the registration method and procedure remains standard, but we will look at it a little later.

List of insurance cases

Debit card insurance

Debit card holders can also use the insurance company's service. After all, even if there are no borrowed bank funds on the plastic account, in the event of theft or fraud, the client suffers losses. In this option, compensation within the framework of insurance protection is received directly by the insured person.

When applying for a policy for a debit card, the rates remain unchanged, that is, the client has the right to independently determine his own risks and, based on them, purchase an insurance policy. That is, the amount of compensation in the event of an insured event will be equal to the amount stolen as a result of fraudulent actions, but not more than the amount for which the card was insured.

How to purchase a policy, list of documents

The client can purchase a policy at a bank branch and receive a paper document, or enter into an agreement with an insurance company online and become the owner of an electronic document. Both of them have equal legal force. Accordingly, remote issuance of a policy only provides an opportunity to save your own time and money.

As for documents, you only need to have your passport with you; no additional certificates are required. Next, you will need to go to a bank branch and declare your desire to insure bank plastic. After this, the bank operator will carry out the entire procedure independently and will let you sign contracts with the insurance company. In another option, you can do the same thing yourself on the official website of the insurance company; for this, we provide a step-by-step user guide:

• open the official website of the insurance company;
• in the main menu find the link “Insure yourself and your property”;
• Select “Bank card insurance” from the list provided;
• click the “Apply online” button;
• fill in the required information, indicate your passport details and other information;
• Confirm your actions by pressing the appropriate button.

The document will be sent to your email address in electronic form. Then you will need to pay for it by debiting your bank card account.

Please note that after paying for the policy, its validity begins only 15 days after payment for the service.

Is it possible to refuse insurance?

Most clients know little about card insurance. Therefore, most people easily agree to purchase a policy, especially when an employee of a banking organization persistently recommends purchasing financial protection and describes all the benefits of the insurance policy. But for most clients, this is simply a waste of money. In addition, not everyone has the opportunity to purchase insurance, and the other part does not see any particular need for it, which raises the question of whether it is possible to refuse it.

Registration of a policy online

In order to answer the question, let us turn to the current legislation; according to the law, this is not a mandatory type of insurance; accordingly, the client can purchase a policy or refuse it. Moreover, according to the latest resolution of the Central Bank, you can return the policy and receive the full amount of its cost within two weeks after signing an agreement with the insurance company. And she, in turn, returns the full amount of the insurance premium.

But clients may encounter some difficulties if the return period has already expired, but the need to return the policy still remains. In this case, of course, there is no 100% money back guarantee. But nevertheless, you can try to get back at least part of the money spent.

To do this, you must appear in person at a Sberbank branch with an insurance policy and your personal documents. You need to inform the bank employee about your intention to refuse insurance protection services, then fill out the appropriate application and submit it for consideration. By the way, a bank employee does not have the right not to accept an application, since he is not a representative of the insurance company, he only plays an intermediary role.

Based on the results of consideration of the application, insurance company employees must contact the client and clarify all the details of the return of the policy and funds. By the way, if the return period has already expired, the client can still receive a partially paid amount of the insurance premium; as a rule, in this case the insurance company has every right to charge a penalty.

Insuring funds on a Sberbank card, especially when it comes to a credit limit, is primarily a guarantee for the bank. That is why, when applying for a credit card, the manager will definitely offer financial risk insurance, but the client may well refuse such protection without explaining the reasons. Banks, although this happens quite rarely, may tighten the terms of cooperation with the client, increase the annual percentage or lower the credit limit.

As a result, it must be said that Sberbank card insurance is a personal matter for each client; the bank does not have the right to impose an additional service. But at the same time, if there is even a small probability of fraud, then you should not refuse the service, at least if protection is needed for a credit card. And when applying for such a policy, you will need to correctly compare the size of the credit limit with the amount of insurance protection in order to receive full compensation in the event of an insured event.