Fee tariff (insurance services)
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Fee rates are special insurance service products , a more radical variant of the net policy . Use in net policies is subject to very strict product criteria.
criteria
According to the Association of German Honorar Consultants GmbH (VDH), the requirements are “calculated completely without commissions (alpha costs), with reduced administrative costs (beta costs) and without the right to determine the amount of brokerage (so-called net tariffs)”. The fee tariffs do not include any fees (commissions for placement, advice or support), so these must be paid to the consultant as a separate fee by the customer.
Differentiation from net tariffs
A uniform, legally binding definition of fee rates does not yet exist in Germany, but the principles mentioned in the description of the VDH are considered to have been established on the market.
They serve as an orientation between real fee rates and z. B. nettoisierten rates or net rates in net policies . According to the definition of the Federal Insurance Supervisory Office (BAV) (now: BaFin), these are “tariffs free of acquisition costs that do not include any commission”, but this does not exclude further acquisition costs, for example for administration. Thus, net tariffs can also contain further remuneration components in the form of commissions (e.g. kickbacks to insurance companies or commissions for the service to the agent).
Situation in Germany
While products that are completely free of commission costs (e.g. for investments and for old-age provision), in other countries, in particular by legal requirements, such as B. Great Britain enforced, the selection of providers and tariffs for real fee tariffs in Germany is very limited. According to an assessment by the Institute for Transparency GmbH (ITA), the pressure on sales costs is increasing. A study “fee tariffs” 2015 shows that 20 insurers offer fee tariffs. The majority of companies are still holding back. “The importance of fee advice and thus fee tariffs will increase. Especially when the legislature regulates fee advice in the insurance sector. "
Individual evidence
- ↑ VDH - The real net principle VDH - Fee tariffs for insurance companies , accessed on September 28, 2016
- ↑ Matthias Beenken, net tariffs with disadvantages worth explaining, ZFH issue 24, (PDF; 110 kB), accessed on September 28, 2016
- ↑ Matthias Beenken, Sabine Wende: Net rates offered by German insurance companies , Institute for Insurance Science at the University of Cologne, 2016. (PDF; 432 kB), p. 6, accessed on September 28, 2016
- ↑ finanzen.net , accessed on September 30, 2016
- ↑ Cash online fee tariffs: A lot of talk about nothing or calm before the storm? , accessed September 28, 2016
- ↑ Institute for Transparency (ITA) - fee tariffs offer considerable cost advantages ( Memento from September 28, 2016 in the Internet Archive ), accessed on September 28, 2016