Development of children's savings insurance prevents faith in financial institutions
Some insurers offer insurance programs for children going to college. It should be noted that while these policies are particularly interested customers do not enjoy. The fact that the very Cumulative Insurance in Russia unpopular. The reason is simple – low standard of living and the fear of investing money in the long term. Popular Mechanics To become a participant in the program pay a monthly $ 50 premium. The earlier a child is insured, the smaller will be the annual rate for the parents. On this amount, there are interest rates. It is less than the bank, but it provides insurance protection. If nothing unexpected happens, at the end of the contract the company returns the accumulated amount. In case of death of the insured (or disability, it depends on the details of the contract) the child receives full agreed amount at the agreed time. In addition to the lump-sum payment upon termination of the insurance offered an option by which the accumulated amount paid as an annuity. This option is interesting in that if a child can enter the competition on the budget form of education and training will be free. The Customer may terminate the contract without waiting for the expiration of his term, and get insurance payments back. However, the termination of the contract unprofitable. Endowment insurance, and payments are not taxable if the contract is valid for 5 years. Problems Endowment insurance – one of the most trudnoprodavaemyh products on the market. This is due to the small number of wealthy people as well as the fact that the support of these contracts are significantly more expensive. The Tax Code does not provide for significant personal benefits to encourage long-term contracts of life insurance. This policy stems from the fact that most of the cumulative insurance is used to minimize taxation. Yevgeny Gurevich, head of marketing for JSC "Russian World", believes that the state, fearing the "salary schemes," saw to it that insurance has been unprofitable. Facts – A woman (30 years) insured in one of St. Petersburg life insurance company in favor of the daughter (age 6) to guarantee the possibility of tuition in high school daughter. – The annual premium is $ 1,000. – The expected accumulated amount by the end of insurance period – more than $ 11 thousand – Payment of the accumulated amount is equal to 100% at the end of term insurance to the insured or the insured event to the insured – beneficiary. Who is Who – In St. Petersburg, insurance savings program called the insurance slang for "long life", offering only a few companies: VSC, "RESO-Guarantee", "AIG-Russia", "ROSNO" and "Alfa Insurance". – "AIG-Russia", "daughter" of the U.S. company AIG, – the undisputed leader in the storage insurance. This is explained by the fact that the company makes extensive use of technology in the distribution services of network marketing. – According to the director of the department of agency sales of "ROSNO" Valentina Sharugevich in St. Petersburg concluded no more than 1,000 contracts funded insurance of children.