Provide for the future with life insurance:
Risk life insurance
Unit-linked life insurance
Certificate investment with insurance coverage
Risk life insurance
Savings insurance with risk coverage
Protect family and business partners
With risk life insurance or disability insurance, you protect yourself, your family or business partners against the financial consequences of misfortune.
Provide for retirement
Build capital for your retirement so you can live well in old age.
Save on taxes
Save taxes every year thanks to pillar 3a retirement provision.
Enjoy special privileges
Enjoy special privileges under life insurance, such as in the case of inheritance.
The 1st pillar covers the minimum necessities of life and comprises old-age and survivors' insurance (OASI), disability insurance (IV) and the income compensation scheme (EO).
In the 2nd pillar – occupational retirement provision – employees and employers jointly pay into a pension fund. Employers can also pay a larger contribution.
The 3rd pillar helps you to close gaps from the first two pillars. In addition to the pillar 3a account, you can also take out life insurance here to be better equipped for the future.
You and your loved ones are protected in the most difficult times, such as disability or death.
Continued payment premiums
If your disability is permanent, we will continue to pay the premiums for you.
Reliable achievement of savings goal
You are guaranteed to reach your savings goal – even in the event of disability.
Life insurance is designed to protect you in different circumstances. On the one hand, it allows you to protect yourself or your family against the financial risk of death or long-term illness or accident. On the other hand, there are combined insurance policies that focus on savings or retirement provision. These also include a protection aspect - for example, a premium waiver if you become disabled.
There are various reasons why life insurance can make sense in Switzerland. For example, do you have special responsibility in the family or as an entrepreneur? If so, it makes sense to at least have some form of security in the event of death. The question of which life insurance policy is best today cannot be answered in general terms, but depends on your personal circumstances.
Taking out life insurance in Switzerland makes sense in the following situations:
You can think of life insurance as a safety net. If you become permanently unable to work or die, the insurance will cover you and your loved ones financially. You pay an annual or one-time amount for this.
With risk life insurance, you protect yourself against the consequences of a life risk, for example death or permanent disability. With a savings insurance policy, you save money for the future at the same time as protecting yourself and your family. Accordingly, the insurances differ in terms of payout.
The price depends on the type of life insurance. Factors such as height and weight, among others, play a role in risk life insurance. Your occupation, for example, plays a role in disability insurance. The desired payout also influences the price.
Use our online calculators to quickly find out the cost of life insurance
For savings insurance, we will be happy to advise you directly – whether in person, by video or over the phone.
Financial protection in the event of disability protects you and your family against the risk of loss of earnings if you are no longer able to work at all or only partially after an accident or due to illness. Disability insurance can be useful in the following situations:
Risk life insurance
Term life insurance provides financial protection for dependents or business partners in the event of your death in the middle of your working life. 5 reasons why risk life insurance might be advisable.
Hardly anyone knows how disadvantaged children are who become permanently disabled due to an accident or serious illness. This is because they may never have any earnings from gainful employment. To pay their living expenses, they can only expect benefits from the first pillar and supplementary benefits, but not the much more extensive benefits available under occupational pension schemes. Health insurance companies also only pay for medical treatment, and at best a small capital sum can be secured. But they do not offer regular pension benefits over the entire working life. That makes it even more important to get comprehensive cover for children. With this insurance, the risk coverage can also be linked to a savings component - so you can give a closely related child a big treat on their 20th birthday.
Further information on the children’s insurance
Savings life insurance
Zurich offers various savings insurance policies. Depending on your needs, a guaranteed maturity payment as well as death and disability protection can be included in the insurance.
The right insurance is the one that meets your needs: If you want to protect your loved ones in the event of a stroke of fate, risk life insurance is the right choice. If you want to protect yourself and your dependents from the financial consequences of disability, choose a disability insurance. With a life insurance, those who want to combine risk coverage and old-age savings will find a solution in Switzerland that covers both aspects. Fund-based insurance policies such as "Capital Fund" or the savings insurance "Premium Life" offer potential returns even in the current low-interest environment. For those who do not want to contractually commit themselves to regular payments, the Zurich Invest Ltd. pillar 3a account offers a suitable pure savings solution without risk coverage.
Yes, in Switzerland you can deduct the premiums from your taxable income if you take out the insurance as part of pillar 3a. In 2023, employees who are insured with a pension fund can deduct up to CHF 7,056. Employees without a pension fund, on the other hand, can deduct up to CHF 35,280. Exactly how much tax you save depends on your income and situation. Tax tips for pillar 3b are available in our guide.
Yes, you can cancel your life insurance policy. In the case of savings insurance, you receive the "surrender value" of your policy. But think carefully: Often it is more worthwhile to take a premium break or to take out a policy loan. If you drop out, you usually lose both money and your risk protection. Take a look here [other options for termination an.
The Swiss retirement provision system is based on three pillars:
The aim of the Swiss retirement provision system is to provide the country's population with a reliable income for all life situations. For example, after retirement, in the event of the death of a partner or in the event of permanent disability due to illness or accident.
The 1st pillar is about ensuring subsistence. This pension is intended to cover the minimum necessary living requirements. The 1st pillar consists of old-age and survivors' insurance (OASI), disability insurance (DI) and the income compensation scheme (EO).
The 2nd pillar ensures your accustomed standard of living. For occupational retirement provision, employees and employers pay at least the same amount into a pension fund. The employer can also volunteer to pay more.
The assets in the 3rd pillar serve to close any pension gaps from the 1st and 2nd pillars. It also allows you to retire earlier or fulfill dreams and wishes after retirement.
Find out more at vita.ch
The biggest differences between a pillar 3a solution from a bank or an insurance company relate to the risk protection for you and your family, your savings goal and the period of insurance.
Risk protection for families and savings goal
With an insurance company, you take out an insurance contract under pillar 3a. This includes insurance coverage in the event of disability and/or death. This means that if you become disabled, your insurance will pay the annual amount due into pillar 3a for you. You will therefore continue to save for retirement, even if you can no longer work. Depending on the retirement provision solution you choose, you will also be paid a disability pension until retirement. In any case, you will meet your defined savings target. In the event of death, a lump-sum death benefit will be paid to your surviving dependents. This means that your loved ones will at least be protected from the financial consequences of this misfortune. You pay for this insurance coverage with a portion of your premium.
When you open your pillar 3a with a bank, the main focus is on the savings process. You and/or your family will not be protected against the financial consequences of disability or death. If you can no longer pursue your work, you will no longer be permitted to pay into pillar 3a. In this case, you will not reach your defined savings goal.
Period of insurance
Insurance contracts under pillar 3a always have a fixed period of insurance. This usually extends until the normal retirement age. You undertake to pay a certain amount into the pillar 3a policy on a regular basis.
After the third insurance year, however, you have the option of pausing payments for up to three years. Insurance coverage does not expire in this case. This means that you will continue to be fully insured if, for example, you go on parental leave or spend time abroad. The only consequence is that your savings target will be reduced by the amount of the paused payments.
Whether you primarily want to protect yourself against risks or save: with us, you will find the right life insurance.
Risk life insurance
Unit linked life insurance-3a/3b
Savings insurance 3a/3b