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Savings insurance

The flexible, tax-advantageous private pension provision

If you want to enjoy your retirement without financial worries, you should start saving today. With savings insurance, you accumulate your private funds under Pillar 3 and pay less in tax. Chose the savings profile that corresponds to your return expectations and security needs and provide yourself and your family with additional protection thanks to premium exemption and a pension for loss of earnings.

Your benefits

  • Saving under Pillar 3 with attractive tax advantages
  • Choice of savings profile according to your personal needs
  • Assumption of premiums by Generali in the event of your incapacity to work

Making provision for the time after your retirement

PERFORMA savings insurance enables you to benefit from the tax privileges under Pillar 3 to build up private funds for your retirement . Generali financial experts will invest your money in first-class funds, so you enjoy better potential returns than with traditional savings. You set your own savings objectives and choose the savings profile that meets your individual return expectations and your security needs. If your financial situation changes during the term of the contract, you have the option of taking a premium break or withdrawing your saved funds at preferential conditions for the purposes of home ownership.

 

Additional risk cover

PERFORMA savings insurance offers you more than just savings: the integrated premium exemption ensures that you can achieve your savings objective even in the event of incapacity to work or impairment of basic faculties. In this case, Generali will continue to pay your premiums after the waiting period expires. To protect yourself more fully against the financial consequences of incapacity to work, you can also choose to include further risk protection in the form of an incapacity to work pension: in the event of loss of earnings due to an accident or illness, Generali will provide you with a regular income in the amount of the agreed pension, enabling you and your family to maintain your usual standard of living.

 

The right savings profile for you

Do you want to invest your money with the aim of achieving the greatest possible return? Is your focus on security? Or would you rather have a combination of these approaches? You can choose the option that best suits your needs from the three savings profiles we offer: Profit, Control and Capital.

Your benefits

You'll receive the survival benefit when the term of the contract ends. In the event of your death during the term of the contract, the death benefit will be paid out to your beneficiaries.

 

  Capital Control Profit
Guaranteed maturity benefit Yes No No
Survival benefit Total fund and guarantee assets, but no less than the guaranteed insurance
sum.
Total fund assets Total fund assets
Death benefit Total fund and guarantee assets, but no less than the savings premiums plus interest at 0.75%. Total fund assets, but no less than the savings premiums plus interest at 0.75%. Total fund assets, but no less than the savings premiums plus interest at 0.75%.
Premium exemption In the event of incapacity to work or impairment of basic faculties, Generali will assume payment of your premiums after the waiting period expires.    

Important questions

Capital

 

Your savings premiums are invested in the «Risk Control 30-2» (No. 276) investment plan.

 

Control

 

Your savings premiums are invested in the «Risk Control 30-2» (No. 275) investment plan.

 

Profit

 

Your savings premiums can be invested in our Multi Index (No. 47-50) and Best Selection (No. 209-212) investment plans. You can also put together an individual portfolio, selecting from a wide range of investment funds.

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.

 

Customers who belong to a BVG pension fund have the option of paying up to CHF 6,768 per year into Pillar 3a; customers who do not belong to a BVG pension fund can pay in up to CHF 33,840 per year (status as at 2015).

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

  • Tax-free lump sums
Type of insurance Fund-linked capitalisation insurance with premium waiver and guaranteed endowment benefits (product CAi CA)
Waiting period 90, 180, 360 or 720 days for premium exemption.
Automatic premium adjustment You can opt for a dynamic premium. PERFORMA allows you to choose from the 3a upper limit and CPI option (linked to the national consumer price index).
Age at entry
  • Pillar 3a
    Capital: 18 to 49 years (F) or 50 (M),
    Control/Profit: 18 to 54 years (F), 55 (M)
  •  
Pillar 3b
Capital: 3 to 49 years (F) or 50 (M),
Control/Profit: 3 to 54 years (F), 55 (M)
Final age 64 (F), 65 (M)
Term of contract Capital: 15-45 years
Control/Profit: 10-45 years
Beneficiaries/Inheritance privilege In Pillar 3a, the statutory beneficiary rules apply. The beneficiary may be freely chosen with Pillar 3b.

 

Additional options

Flexible additional payments into the Pillar 3a, additional insurance cover and annual tax optimisation: with the additional payment option for your life insurance, you’re investing in your future and making sure you keep your financial freedom.

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

If you become occupationally disabled, the insured sum will be paid after a waiting period of six months. In the event of partial incapacity to work, a proportionate sum will be paid.

If the insured person dies as a result of an accident (or road accident), the agreed capital sum will be paid in addition to the main insurance benefits.

In the event of the death of the insured person (e.g. the premium payer) we take over the payment of premiums.