RUSSIA: payments for insured events of SBERBANK Life insurance for the first quarter of 2021 exceeded RUB 3 billion

12 April 2021 — Marina MAGNAVAL
For the first quarter of 2021, SBERBANK Life Insurance made 24,000 payments for insured events for a total amount of RUB 3.1 billion (EUR 34.93 million*). At the same time, the number of paid claims increased by 13% y-o-y, and total amount - by 38%, the insurer said in its press release.

The largest amount of paid claims fell on life insurance of borrowers of consumer loans and credit card holders, mortgage, and investment life insurance.

In March 2021 alone, the company made 8.9 thousand payments for insured events for a total of RUB 1.12 billion. The amount of payments in March increased by 45% y-o-y, and their number - by 17%.

SBERBANK Life insurance provides risk, accumulative and investment life insurance services. The company is the leader on the Russian life insurance market and has a national rating under RAEX scale (Expert RA)- ruAAA.

* at the following exchange rate:

1 EUR = 88.7452 RUB (01.04.2021)

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