TRENDS IN LIFE INVESTMENT INSURANCE

Life insurance is one of the actively developing types in the Russian insurance market. However, the growth rate of insurance premiums is decreasing every year. In this regard, there is a need to consider the main factors that affect and determine the development of life insurance. The population is actively involved in the investment sphere and investment life insurance is becoming one of the investment tools. Life insurance has advantages over other investment instruments. For example, life investment insurance has the life and health insurance of the investor. If there is a beneficiary under the contract, investment life insurance products are not inherited. Life insurance has tax benefits. At the same time, investment life insurance is associated with many problems in its implementation. Such factors as regulatory measures and general economic situation affect the development of investment life insurance. The paper considers the main trends in the development of investment life insurance, including the dynamics of insurance premiums, the change in the share of investment life insurance in the insurance market of the Russian Federation, the profitability of investment life insurance compared with a bank deposit. The authors compared the dynamics of investment life insurance with the dynamics of such indicators as the Bank of Russia key rate and the dynamics of the RTS index futures value. The main reasons for the low profitability of investment life insurance have been identified as the high level of fees and the lack of a wide range of reliable and long-term assets for investing cash reserves in investment life insurance.

insurance market, investment life insurance, life insurance, key rate, Bank of Russia, agency commission, insurance reserves, investments, profitability, deposit insurance

Kuznetsova N. V., D’yakonova E. I. Trends in life investment insurance. Business. Education. Law, 2022, no. 1, pp. 32—37. DOI: 10.25683/VOLBI.2022.58.106.