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Selection of insurance companies for participation in pledged property insurance

Sberbank of Russia offers insurance companies the opportunity to take part in the insurance of pledged property.

To be admitted to selection, an insurance company shall present a set of required documents to the Bank Insurance Directorate of Sberbank of Russia for a check of their compliance with the Bank's mandatory requirements for insurance companies and conditions of insurance service provision.

The documents shall be examined within 60 business days from the day of receipt of the full set of documents by the Bank, in accordance with the list established by the Bank.

The list of insurance companies participating in the insurance of pledged property is published on the Bank's website.

Insurance companies compliant with the Bank's requirements for insurance companies and conditions of insurance service provision shall be offered to make a Cooperation Agreement.

Taking out insurance coverage of pledged property in an insurance company that is not listed in the Register of Insurance Companies Participating in the Pledged Property Insurance

The borrower/ pledger may insure pledged property with any insurance company compliant with the Bank's mandatory requirements for insurance companies and conditions of insurance service provision. 

  • The insurance coverage is provided upon the borrower's/ pledger's request, following a check of the insurance company for compliance with the requirements imposed by Sberbank of Russia with respect to insurance companies and conditions of insurance service provision.
  • The borrower's application for the acceptance of insurance provided by a non-accredited insurance company shall be examined within 30 business days following the date of the Bank's receipt of the full set of documents in accordance with the list established by the Bank.



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