Scala provident insurance will be suitable for many different people in many different life circumstances. However, it is particularly important for parents, young families and young couples. We recommend that you take out life insurance if, for example, you are the main bread winner and want to optimally protect your family against risks. It’s also an excellent way to save and build up pension capital. 

Performa provident insurance is suitable for anyone who wants to save for retirement. It doesn’t matter if you already have a solid career, or are still studying and only have a part-time job. It’s best to start saving as early as possible, to make sure you have built up enough pension capital for your retirement. Savings insurance is also a good idea if you are the main bread winner and you want to provide financial security for loved ones in the event that you experience a loss of earning capacity or disability.

Our Flex provident insurance is suitable for anyone who wants to build up savings while simultaneously providing financial protection for their loved ones with a lump sum death benefit. We recommend this insurance to young families and young couples in particular. It helps them stay flexible as they save, while also providing a guarantee. 

The age at entry and final age applies to women and men:

Age at entry: 

• Pillar 3a: 18 to 55 years old 
• Pillar 3b: 18 to 65 years old 
  

Final age: 

• Pillar 3a: 65 years old, or 70 years old if the insured person remains in employment
• Pillar 3b: 75 years

When taking out this insurance, you will be able to choose from a range of different insurance plans to match your specific investment goals and preferences. 

• Tomorrow Invest: Tomorrow Invest plans come in two different versions: Tomorrow Invest 50 and Tomorrow Invest 100.

• Multi Index: Multi Index investment plans come with a range of options: the investment plans Multi Index 25, 50, 75 and 100, and the Opportunity investment plan. 

We will be happy to help you choose the right investment plan for you. 

Unit-linked combined life insurance is insurance that contains both a savings portion and risk insurance. So for example, you are insured against the risks of death or loss of earnings capacity while simultaneously saving in pillar 3a or 3b. Our life insurance is exactly this type of combined life insurance. 

If you would prefer to insure against risk without a savings portion, you can choose from two risk insurances – death benefits insurance and income protection insurance.

You can take out pillar 3a or 3b life insurance. This allows you to build up savings capital and profit from tax advantages. 

This depends on whether you’re taking out death benefits insurance as part of a pillar 3a or 3b account. If as part of pillar 3b, you can name anyone you like. This could be a cohabiting partner or even an organisation. 

Under pillar 3a, the beneficiaries are limited by law. There are statutory requirements that you have to comply with. The persons are beneficiaries in the order below:

• The spouse or registered partner
  
• The direct descendants and the persons for whose maintenance the deceased has made a considerable contribution; or the person who had lived with the deceased in the same household in a domestic partnership without interruption for the last five years; or the person who has a responsibility to provide financial support for one or more mutual children
• The parents
• The siblings
• The other heirs

Yes, that is possible and depends on whether you’re taking out your insurance as part of a pillar 3a or 3b account:

Pillar 3a

• Premiums can be deducted from taxable income.
• No wealth or capital gains taxes are payable during the term of the policy.
• The payment is taxable at a reduced rate.

Pillar 3b

• The premiums can be claimed as part of the deductions for insurance premiums in a tax return. 
• Lump sums are tax-free.

Pillar 3a taxes (qualified provident insurance)
The total amount is taxed separately from any other income and is subject to a special tax rate. The cantons can set their own rules for the applicable tax rate. Please contact your local tax authority for details.

If you live outside of Switzerland or are about to move away, withholding tax will be deducted directly from the surrender value at a rate between 6% and 9%, usually.

Pillar 3b taxes (free provident insurance)
Free provident insurance is not taxable if you disclose the potential surrender value of the policy on your tax return each year.

You can pay your premiums monthly, quarterly, six-monthly or annually. You can easily and conveniently do so via direct debit, for example. Finance the premiums via an interest-bearing premium deposit account and benefit from attractive interest rates. 

More information on payment options can be found here. 

You have the right to cancel your provident insurance regardless of the agreed duration. In the event of cancellation, we will liquidate your contract and pay out the surrender value.