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Online income protection insurance

Quick, simple online protection in the event of incapacity to work

Incapacity to work as a result of illness or accident can strike you suddenly. Protect yourself by concluding online income protection insurance. It is quick and easy to arrange over the Internet, and will help you avoid any gaps in cover or financial difficulties if you end up unable to work without restriction.

Your benefits

  • High level of coverage for very reasonable premiums
  • Guaranteed premium amount for the first five insurance years
  • Simple, quick online acceptance procedure

Financial security even if you're unable to work

COMPENSA Compact online income protection insurance protects the insured person in the event of proven incapacity to work and provides compensation for the associated loss of earnings in the form of a pension.

 

Generali must be informed as soon as possible after the insured person becomes unable to work so that the entitlement to insurance benefits can be clarified. The pension is paid out after a period of 720 days has expired. From this point in time onwards, Generali will also assume payment of the insurance premiums.

 

Online income protection insurance is suitable for you if you:

  • would like to add to the insured benefits available from Pillars 1 and 2;
  • would like to conclude a contract quickly and smoothly via the Internet;
  • are aged between 18 and 55.

 

Here's how COMPENSA Compact online 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 incapable of work due to illness or an accident, we will grant you a quarterly annuity after 720 days, payable in arrears and 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 assume payment of the insurance premiums on expiry of the waiting period of 720 days.

Important questions

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

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 (tariff ERS_ON)
Waiting period 720 days
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.