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The Death Guarantee Tax Has been in Effect since January 1, 2019.

digital insure 28 January 2019
ÉVÉNEMENTS

La taxe garantie décès est entrée en vigueur depuis le 1er janvier 2019

L’Assemblée Nationale a finalement voté la mise en place de la taxe sur la garantie Décès des contrats d’assurance emprunteur.

La taxe garantie décès avec Digital Insure

Concrètement que va-t-il se passer ?

Article 52 abolishes the exemption from the special tax on insurance agreements (TSCA) for the death guarantee of borrower insurance contracts subscribed from January 1, 2019. Consequently, this 9% tax, which previously applied only to the portion of premiums related to incapacity, invalidity, and job loss guarantees, is now extended to the portion of premiums related to death. An increase in the cost of borrower insurance contracts is therefore to be expected.

An increase of 4% to 9% may affect a standard contract, just as there could be no increase if the insurer decides to maintain its price despite the tax hike. The beginning of 2019 will therefore reveal how the market has decided to adapt to the new regulation, which at first glance does not favor the savings of our policyholders.

L’année 2019 va nous dévoiler comment les assureurs vont réagir face à cette hausse de la taxe.

Two main scenarios seem most evident:

  • Increase rates on borrower insurance products (according to Bercy, “a €100,000 mortgage over 15 years would correspond to an additional €36 per year, or €3 per month”)
  • Not increasing rates and limiting margins to preserve the attractiveness of their offer and attract new clients seeking the right alternative solution.

The Avenir Naoassur borrower Equivalence 2 offer aligns with this second alternative, which has chosen to be favorable to policyholders, potentially achieving 15% savings on their collective loan insurance.

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