Photo: Alex Maligawa / RIA Novosti
The Russian Finance Ministry has proposed radical amendments to the law on insurance, says family-owned Demyan Kudryavtsev, the newspaper “Vedomosti”, citing a document sent to all interested agencies.
It is noted that in the rules of CTP will be three major changes. The first is due to the abolition of a number of factors and replace them with others. Now the full cost of insurance for car owners is determined on the basis of the basic tariff (3432-4118 rubles) and a variety of factors on which this rate is multiplied. Among them, the coefficient of bonus-Malus (discount for accident-free driving), regional and power (depending on engine size). The last two should be abolished. Instead, at the cost of the policy will be influenced by other characteristics: accuracy and driving skills, the frequency and duration of use of the machine, as well as the presence of violations in the year before signing the contract.
The second innovation is the introduction of the three different types of policies. Will differ they will payout limits. To the current 400 thousand rubles for damage to property and 500 thousand for the harm to health added to options one and two million rubles for each of the possible types of damage. While higher limits it will be possible to register only with the consent of the insurance company.
The third change is the increase of the period of validity of the policy from one year to three at the request of the insured (without right of withdrawal by the insurer).
The Agency, which the Ministry of Finance has circulated the amendments, including the Central Bank (regulates insurance) and the Russian Union of insurers, is now studying the document.
In mid-June, the Central Bank published its draft reform of the CTP. It involves the expansion of the corridor’s basic rate for cars of physical persons at 20% to 2746 rubles at the lower boundary and upper 4942.
14 may, the Central Bank announced that the rise in price of insurance fees may take place 31 August.
Video, photo All from Russia.