Insurance is currently one of the most important conditions for obtaining a loan from VTB 24 Bank. However, the legislation provides for the borrower to refuse to issue a policy, thereby saving personal finances.
How to cancel insurance before getting a loan
The procedure for issuing an insurance policy at VTB 24 is carried out at the time of signing the loan agreement. The client is invited to sign several documents, one of which is a separate agreement with VTB Insurance LLC. According to it, the borrower will be released from debt under certain circumstances, including death, disability and some other situations.
Inform the bank employee about your unwillingness to take out an insurance policy, which is allowed by the law on voluntary insurance. If you are still forced to sign a contract, take your time. Make a statement on voluntary insurance waiver in two copies, sign and hand one of them to the specialist, making sure that the receipt was stamped on the document. Wait one or several business days until the application is reviewed by the bank's management.
In case of a positive decision to refuse voluntary insurance, continue signing the loan agreement, but without documents for VTB Insurance LLC. If the bank continues to insist on the need to issue an insurance policy, file a statement of claim with a civil or arbitration court for violation of the procedure for providing banking services to consumers, attaching copies of contracts and the bank's statement on refusal of voluntary insurance. Most likely, the court will rule in your favor.
How to reimburse funds for purchased insurance
It often happens that the borrower only later discovers that, when signing the loan agreement, he has also accepted the receipt of the insurance policy. In this case, the amount specified in the agreement will be debited from the credit account. According to the law, this money can be returned, but it is allowed to do this only within 14 days after the conclusion of the relevant agreement, unless the latter provides for a different period.
Contact the VTB 24 branch or the nearest VTB Insurance office and fill out an application to refuse insurance with a refund of the funds paid for it. This can be done even if the loan received has already been repaid within two weeks after receiving it. You just need to take a certificate from the bank about its closure. After reviewing the application, insurance funds will be returned to your bank account within 30 consecutive days. If you refuse to reimburse, be sure to go to court, filing a claim for the bank's violation of Article 927 of the Civil Code of the Russian Federation "On voluntary and compulsory insurance", attaching all the papers in the case.
