How much is the insurance premium for bank safe deposit boxes?

Behrouz Bestgani, emphasizing that the insurance payment for the rental safe deposit box of the banks can be made by both a natural person and a legal person, according to the report of the financial news, quoted by Isna, explained: for example, sometimes an organization decides to issue this contract for all personnel. In this case, the insurance premium will be paid by the organization. Sometimes a bank even decides to consider a safe deposit box for its employees, and the payment of insurance premiums is also the bank’s responsibility in this situation.

He continued: The higher the value of the contents inside the fund, the greater the risk. The obligation of the insurance company should also be considered. As a rule, two billion tomans is different from five million tomans.

The Deputy Director General of the Central Insurance Planning and Technical Affairs Office also said about natural persons: the natural person must pay the cost himself and the cost varies depending on the case.

According to this report, although it was previously announced that the bank is responsible for the payment of the insurance premium of the bank’s rental safe deposit box, some ISNA audience’s reference to the bank indicated that the insurance premium is the responsibility of the individual.

Based on this, in the list they provide to the customer, banks give the customer the right to choose the insurance premium based on the contents they intend to keep inside the safe. For example, the value of the fund is considered from a minimum of 50 million tomans to a maximum of 10 billion tomans, and according to that, the insurance premium is determined on an annual basis, and ultimately the decision is the responsibility of the customer.