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Publication: 3 April 2017
What is it?
It is a benefit that provides for the reimbursement of part of the amount paid to the Risk Fund, for the insurance of premature death risk, by pensioners (ex National Social Security Institute for Public Administration Employees (INPDAP) and INPS) who have taken out a loan with banks or financial institutions affiliated with the same social security institutions, if the loan taken out is paid off early by 31 May 2013.
Who is it aimed at?
Pensioners enrolled in one of the pension schemes of the ex INPDAP and INPS may request the reimbursement of part of the insurance premium in the event that:
- they have taken out a loan with a banking or financial institution, affiliated with INPS;
- they have guaranteed the insurance risk relating to premature death through the Social Security and Credit Fund of the ex INPDAP (Risk Fund), if they settle the loan in advance.
In fact, in order to ensure more favourable contractual conditions for pensioners than those of the market (art. 8 of Ministerial Decree no. 313 of 27 December 2006 ‘Regulation implementing art. 13-bis of Legislative Decree no. 50 of 15 February 2005’), at the time of signing the loan, if the rate of the Risk Fund was found to be less onerous than the market costs of the premature death policy, the financial operator was required to make use of the Risk Fund coverage, by paying to the Fund the insurance portion withheld from the pensioner at the time of the loan disbursement.
The amount of the insurance portion is shown in the table of Risk Fund rates approved by Board of Directors resolution no. 473 of 10 May 2007.
It is useful to know that:
- loans taken out after the date of 31 May 2013 are not guaranteed by the Risks Fund;
- since 1 June 2013, pensioners’ premature death risk cover has been guaranteed exclusively by companies present on the market.
How does it work?
WHAT AM I ENTITLED TO?
The amount of the refund is determined:
- from the amount of the insurance premium paid;
- from the guarantee period not enjoyed (art. 38 of Presidential Decree no. 180 of 5 January 1950).
Claim
HOW CAN I CLAIM?
The claim for reimbursement must be submitted to INPS by filling out the form available in the online service.
The form must be signed and sent by:
- certified e-mail, to the address creditowelfareestrutturesociali@postacert.inps.gov.it;
- e-mail, to Welfare.fondorischi@inps.it;
- ordinary mail in a sealed envelope to the address INPS Direzione centrale Credito, Welfare e Strutture sociali – Area Prestazioni Creditizie – viale Aldo Ballarin 42, 00142 Roma;
- fax to 06 95066840.
The Credit Benefits area, of the Central Directorate of Credit, Welfare and Social Structures, will be able to process the repayment request only when the bank or financial institution has sent documentation certifying the actual early repayment of the loan to the territorially competent INPS office and the loan will be closed.
For information on the service, the number 06 59058585 is available, active from 10 a.m. to 12 noon, on the following days:
- Monday;
- Wednesday;
- Friday.
Any correspondence may be sent to the following addresses:
- Welfare.fondorischi@inps.it;
- dc.creditowelfareestrutturesociali@postacert.inps.gov.it.
Processing times of the decision
The ordinary deadline for issuing the decisions is set at 30 days under Law no. 241/1990. In some cases the law may set different deadlines.
The table shows the deadlines exceeding thirty days, set by the Institute with a Regulation.
In addition to the terms for the issuance of the decision, the table also indicates the relevant manager.