Russia will set a minimum payment for bank card insurance

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The Central Bank of Russia said that for the insurance of bank cards, the Central Bank will set the minimum amount of compensation. newspaper reports “News”.

As the press service of the Central Bank reported to the publication, the regulatory body has prepared a draft regulation that will establish the mandatory conditions for the repayment of funds. In case of write-off of unauthorized funds, the insurer will be obliged to compensate the customer either the entire amount or at least 100 thousand rubles if the amount of theft exceeds this value.

The Central Bank also stated that the insurance company would have the right to set higher compensation.

The innovations are scheduled to take effect on October 1, 2023.

Earlier it was reported that the Central Bank of Russia is the intention. harden sale of two common types of property insurance – debit cards (against counterfeit charges), as well as home and electronic equipment. Current policies do not take into account some of the risks that the regulator intends to include in the new requirements, according to the Central Bank’s draft mandate.

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