Well-prepared for retirement – on any budget A well-protected everyday life for families

The pension solutions and insurance covers that are important for families

Mandatory

In Switzerland, there are various types of insurance that are required by law. For example:

• health insurance. Every family member must be insured. It’s important to organize basic health insurance for your children in advance so they are insured as soon as they are born.It’s worth comparing the offers of different health insurers in order to find the right one for you. It’s good to know that: Depending on the canton you live in, you may be eligible for a premium reduction (in German) if you are on a low income. Contact your cantonal administration office for information about eligibility requirements and the application process.
• Accident insurance: Children are automatically insured against accidents under their health insurance. Depending on their employment situation, adults who work more than eight hours per week may be insured through their employer or basic health insurance. This means you are also insured against accidents that occur outside of work and at home.

Highly recommended

These pension solutions and covers insure key areas of your life and help you avoid pension gaps:

• Pillar 3a: lets you put your money in targeted investments for retirement or your family while also benefiting from tax advantages. It’s a good option for families who want to save long term.
• EasyInvest:lets you invest in securities even if you don’t have much to start with. It’s ideal for families who want to start growing their savings for the future right away without having to invest large amounts.
• Liability insurance: If your children damage something while playing or if an accident happens in your daily life that causes a loss for others, liability insurance will protect you from high costs.
• Household contents:  Whether it’s your child’s bedroom, a bicycle or your laptop, with household contents insurance, your belongings are protected against all major risks. It covers costs when it comes to theft or fire or water damage in or around your home.
• Supplementary dental insurance for children: If you buy dental insurance for your children when they’re small, you’ll avoid having to pay for expensive dental treatments later. Bonus: Every supplementary insurance policy includes AXA’s health insurance switching service, which could save you an average of CHF 456 per family member per year.

A good idea depending on your situation

Depending on your situation and stage in life, additional insurance may be worthwhile to minimize unexpected costs in the event of a claim.

• Capital insurance (death/disability): pays you or your children a one-time cash amount if you become unable to work or die due to an illness or accident. 
• Occupational disability insurance:: covers you and your family from loss of income if you become unable to work.
• Legal protection: stands behind you when you’re involved in disputes regarding work, alimony or rent.
• Insurance for the self-employed: If you are self-employed, you are not automatically insured through an employer. This is why you should insure yourself against major risks.