The invention relates to the oil industry and the production of oil. An insert safety valve is mounted inside a piping safety valve in a production tubing string and comprises a housing having a longitudinal bore, an upper landing assembly with extendable slips for fixing inside the piping safety valve having a landing nipple, a hydraulic line, annular seals and a valve device with a spring-driven element. The insert safety valve is mounted on a carrying cable, the hydraulic line has tubes connected to two valves. The first valve is connected to the piping safety valve housing in the production tubing string, and the second valve extends to a port in the inner portion of the landing nipple. A hollow sleeve functions as a moving element, and the valve device is formed as openings in the sleeve and in the housing, wherein the openings are configured to being aligned.