Claims hotline

Income protection insurance

Pension provision in the event of incapacity to work as a result of accident or illness

Anyone can be affected by an illness or an accident that may cause loss of earnings. So it's good to protect yourself against the potential financial consequences. By concluding income protection insurance, you can close potential gaps in your pension provision. The regular pension paid out by Generali will help you to avoid financial difficulties if you should end up unable to work without restriction. This ensures that you and your family can continue to enjoy your accustomed standard of living.

Your benefits

  • Individual provident insurance
  • Choice of waiting period
  • Tariff guarantee for the first five insurance years
  • Tax advantage: Premiums can be deducted from taxable income (Pillar 3a)

Financial security even if you're unable to work

The income protection insurance provides cover in the event of proven incapacity to work because of an illness or accident and compensates for the resulting loss of earnings within the scope of the insured benefits. It covers psychological and physical disorders which may lead to a loss of earnings.


If required, an annuity may be insured for the event of illness only (without accident risk) at a more affordable premium.


In the event of incapacity to work or impairment of basic faculties, we will assume payment of premiums after the agreed waiting period has expired.


Income protection insurance is suitable for you if you

  • want to make up for a shortfall in your pension cover
  • would like to add to the insured benefits available from Pillars 1 and 2;
  • are self-employed and want to cover yourself against the risk of incapacity to work;
  • are aged between 18 and 55.


How income protection insurance works

Generali must be contacted as soon as the insured person becomes unable to work so that the obligation to provide insurance benefits can be clarified. Once this obligation has been established, the pension will be paid out after the agreed waiting period has expired. No later than from this point in time onwards, Generali will also assume payment of the insurance premiums.

Your benefits

If you become disabled due to illness or an accident, we will grant you a quarterly annuity after the agreed waiting period. The amount is payable in arrears and is based on the extent of the loss of earnings.

If the insured person becomes incapable of work or if his or her basic faculties are impaired, we will grant you an exemption from the obligation to pay premiums on expiry of the waiting period.

Important questions

On a monthly, quarterly, six-monthly or annual basis.

Premiums can be paid easily via direct debit. Finance the premiums via an interest-bearing premium deposit account and benefit from attractive interest rates.

Income protection insurance can be concluded in Pillar 3a (qualified provident insurance) and in Pillar 3b (voluntary provident insurance).

Type of insurance Pension in the event of incapacity to work as a result of illness or accident (tariffs ERS, ERTS). There is the option of insuring an annuity for the event of illness only (without accident) (tariffs ERKS, ERTKS).
Waiting period Long-term pensions (tariffs ERS, ERKS): 720 days
Short-term pensions (tariffs ERTS, ERTKS): 30, 60 or 90 Tage
Duration of benefits is 720 days less the waiting period
Age at entry/final age Age at entry: 18 to 55 years
Final age: AHV retirement age (currently M: 65/F: 64)
premium adjustment Generali guarantees the premium during the first five insurance years.
Flexible premiums The premiums are determined by reference to insured person's risk profile. On conclusion of any further training, the insured person may apply for a review which may indicate reduced risk and thus result in lower premiums. Premiums will not, however be increased if the risk does.
Surrender Surrender is not possible.
Surplus participation There is no participation in surpluses.
Worldwide cover The policy conditions provide worldwide coverage for individuals who are domiciled in Switzerland or the Principality of Liechtenstein when the policy is concluded. If the insured person transfers his or her domicile to a foreign country, this insurance coverage shall continue to apply within the framework of the General Policy Conditions.