Anyone who loses their job or becomes unfit for work faces a sharp fall in income. At the same time, their regular monthly outgoings remain the same. The rent on their apartment, lease payments on their car, as well as subscriptions for public transportation, cell phones, fitness studios, and streaming services, need to be financed on a reduced budget – which can soon become a major headache.
Payment protection insurance covers you for these monthly outgoings. Payment protection insurance (PPI) from AXA will cover your regular outgoings for up to one year. Thanks to the monthly contributions from AXA, your accustomed standard of living is guaranteed in tough times too. This lets you to retain your financial flexibility and concentrate fully on your future.
Payment protection insurance comprises four modules that can be taken out individually or combined as required:
Thomas took out a leasing contract for his new car six months ago. The monthly leasing installment is CHF 850. Due to a reorganization, he loses his job.
Manuela and her partner Mark live in an apartment which they rent at a cost of CHF 2,000 per month. As Mark is currently studying full-time, Manuela pays the entire rent. After a serious skiing accident, she is unable to work for a significant period and no longer receives her full salary.
Jonas pays CHF 750 per month in premiums for supplementary health insurance for his family of four. Due to a restructuring, the production plant where Jonas works is closed and he is made redundant.
Following an operation, Lena is unable to work for several months. She has various subscriptions for her cell phone, fitness studio, public transportation, and streaming services. She also wants to go on using them during her recuperation.
Yes, you can take out all four PPI modules or combine them as required.
If both cars are registered in your name, you can insure both leases.
Yes, provided the mortgage and rental agreements are both issued in your name, you can insure the monthly cost of both properties. The same applies to multiple owner-occupied properties or rental properties where the same person is the owner or tenant.
Yes. Self-employed persons and company owners who are employed by their own company can take out the insurance. In this case, insurance coverage is limited to the risk of being unable to work due to illness or accident; unemployment is not insured.
You can insure all your recurring payments – subscriptions for public transportation, cell phones, or music and TV streaming services, but also insurance policies, rented items, fitness subscriptions, memberships, etc. With this module, you insure a monthly flat-rate amount – proof of the recurring payment is not required in the event of a claim.
Payment protection insurance covers total incapacity for work and unemployment. Partial incapacity for work is not covered.
Yes, you can insure the monthly premiums for supplementary health insurance for all family members. It is important that the health insurance contract is issued in your name.