📋 Tender Overview
The Bank of Russia does not plan to return to the financial market a product called investment life insurance (IDS). This was stated by Deputy Chairman of the Central Bank of the Russian Federation Philip Gabunia at the financial congress. According to the regulator, ISZH not only does not need, but it is also a thing of the past. DSG - the new alternative to the Izzhentral Bank believes that all the shortcomings of the IDS were eliminated in a new product - shared life insurance (DSG). Gabunia emphasized that the negative practices observed during the ISG is much more difficult to realize through the DSG. At the same time, the DSG offers all the necessary opportunities, combining insurance protection and investments in one combined product. The advisory insurance was, the Bank of Russia confirmed that other forms of accumulative life insurance will continue to function as usual. Thus, the insurance market will develop, but already without the participation of investment life insurance in its former form.
