Insurance taken out together with a loan: life and health of the borrower, the pledged property, job loss. If an insured event happens, the insurance company repays the debt in full or in part.
In Russian:Страхование заёмщика·Strakhovanie zaemshchika
Only insurance of the pledged property for a mortgage is mandatory (Law No. 102-FZ). Life insurance and other types are voluntary, but without them the bank may raise the rate. Within 30 days after taking out loan-related insurance, you can cancel it and get your money back (the "cooling-off period", период охлаждения), and after full early repayment you can get back part of the premium.
Kazakhstan
In Kazakhstan, banks usually require insurance of the pledged property for a mortgage; borrower life insurance is, as a rule, voluntary.
Belarus
In Belarus, banks usually require insurance of the pledged property for a housing loan; borrower life insurance is arranged on the bank's terms.
This information is for reference only and does not constitute financial, tax or legal advice. Prepared by our editorial team, last checked: September 2026. Found an error? Write to us.
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