Question by Myriam (Paris): “I contacted my insurer to claim my participation in profits for my borrower insurance. He replied that my contract did not provide for such a clause, which applies only to life insurance. What can I do?”
The response of your insurance company seems somewhat surprising to us. Borrower insurance belongs to the category of productslife insurance. As such, it is therefore subject to prudential rules. However, the latter allow insurers to overvalue the risks linked to theborrower insurance And, therefore, the bonuses requested.
In return for this overvaluation, the law provided that in the event of a difference observed, after the fact, between estimated risks and risks carried out, the insurance companies are required to redistribute some of the profits made thanks to these insurance contracts to the insured. If this difference exists within your insurance companyyou have the right to recover part of the profits from your contract.
Access to this data and the calculation that follows is difficult for an individual. But things could change. Indeed, after Treasury Who had launched last January, a consultation and proposed that banks and insurers make public the amount of the commissions collected in the distribution of pruning insurance contracts, it is the turn of Directorate General for Competition, Consumption and the Suppression of Fraud (DGCCRF) to look into the question. In the meantime, the solution for you is either to request the help of a lawyer specializing in the field, or to contact a consumer association which has more means to carry out this type of investigation.
Learn more : How to recover your borrower insurance