Ultrashort CTP for 24 hours will be launched in Russia from April 7.
From April 7, ultrashort CTP policies will be launched in Russia for 24 hours. Such a change in settings is introduced at the request of the Central Bank, Nikolay Galushin, General Director of the National Insurance Information System (NSIS), told Izvestia.
To date, "one-day" policies already formally exist, but their validity ends at midnight, regardless of the time of registration, explained Irina Frank, CEO of Frank Auto. For example, if a driver buys insurance at 23:30, it will end in 30 minutes. Because of this, such policies are economically unprofitable and are almost not in demand.
This creates an unfair situation where a person pays for a full day, but in fact can only get an hour of coverage. The new rules eliminate this problem by making the insurance period transparent: exactly 24 hours from the date of purchase, the expert noted.
CTP policies for 24 hours can be purchased as early as April 7, Roman Lobodin, director of the AlfaStrakhovanie Compulsory Insurance Department, confirmed.
"With the introduction of short policies in March 2024, the topic of accurate time tracking has become more relevant. The motorist must pay for the product he needs without overpaying for the extra insurance period," the press service of the Central Bank told Izvestia.
They stressed that a more accurate accounting of time during the registration of the "avtograzhdanka" can help better meet the needs of citizens.
Such policies can be useful for short one-time trips by car, which is rarely used, added Alexey Yanin, Managing Director for ratings of insurance and investment companies at Expert RA. For example, to drive a car from one parking lot to another or to get to the cottage. And also to taxi drivers, Roman Lobodin believes.
Read more in the exclusive Izvestia article:
Переведено сервисом «Яндекс Переводчик»
