bs-preloader__icon
ru kz en

Investment life insurance is a lucrative financial instrument

Investment life insurance (ILI) is a long-term agreement for a period of 3 years or more, under which you pay premiums in order to accumulate some amount. It is a hybrid of insurance and investment, according to vc.ru.
Investment life insurance is a lucrative financial instrument

The insurance company accrues a small income on the main part of the premium minus interest to cover risks. There are usually three following risks:

death of the insured;

disability;

the end of the contract period, if you live to see it.

Money is invested in the most conservative products: deposits, federal loan bonds and others. Super profitability is not promised, but there will be no losses either.

Additionally, you will receive a 13% tax deduction. The insurance coverage under the ILI agreement is not considered the property of the insured, and therefore cannot be confiscated, arrested, enforced by action; it is not subject to division in case of divorce and it can be bequeathed to any person. This person will be able to receive the redemption amount without waiting for inheritance.

Profitability in ILI is not guaranteed but assumed. According to the Central Bank of the Russian Federation, the average return on investment insurance is 2.4–3.3% per annum, and in most cases, it tends to zero.

Source: https://vc.ru/about

Photos are from open sources.

Share
read also
The outflow of retail deposits from Kazakhstani banks has been recorded
The outflow of retail deposits from Kazakhstani banks has been recorded

By May, the volume of retail deposits in Kazakhstani banks has amounted to 9.87 trill...

Five foods considered healthy but are actually harmful
Five foods considered healthy but are actually harmful

Many people value a healthy and balanced diet. However, food products often sold to u...

The maximum number of eggs that you can eat on Easter named
The maximum number of eggs that you can eat on Easter named

Gastroenterologist Andrey Yakushev told what health problems may be the reason to eat...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application