Senior lecturer at the Department of Banking at Synergy University Andrei Sirotkin warned that banks may try to impose risky products on clients wishing to make deposits. The Prime agency writes about this.
The most popular are investment life insurance (ILI) and endowment life insurance (CLI), which combine an investment operation and insurance.
“Income from savings and investment life insurance can only be calculated approximately and indicate the likelihood of receiving it in the future,” the expert explained.
Sirotkin said that these banking products provide for a cooling-off period, when a citizen has the opportunity to terminate the contract without financial loss. After this period, the client is obliged to comply with all requirements, which often include depositing funds over an extended period of time and compliance with a specific mode of operation of the account.
Earlier it became known that since February 2024, a number of social benefits have increased in the Russian Federation. They were indexed by 7.4%. The entire list of payments that are affected by indexation is contained in the draft government resolution. More about this read the material Public News Service.
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