RUSSIA: SberLife Insurance made over 100,000 payments for credit insurance in 2021

21 January 2022 — Marina MAGNAVAL
In January-December 2021, SberLife Insurance made 100.2 thousand payments for insured events under voluntary life insurance contracts of borrowers of consumer and mortgage loans, and total amount of paid claims reached RUB 11.687 billion (~EUR 0.14 billion*). The number of claims increased by 29.4%, and amount - by 42.3% y-o-y, according to the insurer's press release.

The biggest share in the structure of paid claims fell on consumer lending. In January-December, SberLife Insurance made 96.7 thousand payments under life insurance contracts of borrowers of consumer loans (including credit cards) in the amount of RUB 8.2 billion.

Sberbank life insurance (SberLife Insurance) is a subsidiary of Sberbank of Russia, specializing in risk, accumulative and investment life insurance programs. The company is the leader of the Russian life insurance market and has a rating on the RAEX scale (Expert RA) - at ruAAA.

* 1 EUR = 84.0695 RUB (01.01.2022)

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