Russia Expands Deposit Guarantee System in 2027
Russia will expand its deposit guarantee system starting January 1, 2027, to include three new types of life insurance products, with coverage of up to 10 million rubles for death risk and 2.8 million rubles for other risks.
Consensus
- The deposit guarantee system in Russia will be expanded starting January 1, 2027.
- The expansion will include three new types of insurance: life insurance with shared risk, life insurance with guaranteed return, and life insurance with calculated return.
- Coverage for death risk will be 10 million rubles per insured person.
- Coverage for other risks will be 2.8 million rubles.
- The guarantee will apply to contracts concluded after January 1, 2027.
- The guarantee will also apply to previously concluded contracts if they remain in force.
Points of divergence
- Analysts previously forecasted that about 2.5 million Russians would have to pay tax on deposit interest by the end of 2026. — vesti
Coverage (2 sources)
- Ministry of Finance: the deposit guarantee system in Russia will be expanded from 2027 — Коммерсантъ
- In 2027, the deposit guarantee system in the Russian Federation will be expanded to three types of insurance — Вести