The deposit guarantee system in Russia will expand to three new types of insurance from 2027

The deposit guarantee system in Russia from January 1, 2027 will be expanded to three new types of insurance for long-term savings of citizens: shared life insurance (CHI), life insurance with guaranteed and calculated returns.

The amount of coverage will be 10 million rubles in connection with the risk of death and 2.8 million rubles for other risks for each insured person.

Now the deposit insurance system works for bank deposits, long-term savings programs and individual investment accounts (IIA), and for IIA the guarantee is 1.4 million rubles and is provided by a separate fund.

MOSCOW, September 27 - RIA Novosti. The deposit guarantee system in Russia from January 1, 2027 will be expanded to three new types of insurance created for long-term savings of citizens, Deputy Minister of Finance of Russia Ivan Chebeskov said in an interview with RIA Novosti on the sidelines of the Mosfinforum.

“Starting from 2027, the guarantee system will be operational for voluntary life insurance products - this is DSG (fractional life insurance - ed.), life insurance with guaranteed and calculated returns,” Chebeskov said.

“The amount of coverage will be 10 million rubles in connection with the risk of death for each insured person and 2.8 million rubles for other risks for each insured person. The guarantee will apply to both life insurance contracts concluded after January 1, 2027, and those that were concluded earlier but continue to be valid,” he said.

These insurance products have recently appeared on the Russian market. In particular, DSG has existed in Russia since 2025; the instrument is designed for a wide range of investors and combines two areas at once: life and health insurance protection and the opportunity to invest part of the contribution in financial assets.

The other two types - life insurance with guaranteed and calculated returns - became operational from June 1, 2026. These are options for classic savings and investment life insurance, the first of which is intended for everyone, and the second - only for qualified investors.

The deposit insurance system is a government mechanism for protecting people's funds in bank accounts. The basic guarantee covers savings up to 1.4 million rubles per depositor in one bank. For certain cases, increased limits are provided: 2.8 million rubles for irrevocable deposits for a period of at least three years and 10 million rubles for escrow accounts.

In addition to bank deposits, the system now works for a long-term savings program: 2.8 million rubles are guaranteed there, as well as for citizens’ savings in individual investment accounts (IIA).