Enjoy a few months of freedom with insurance cover

Unpaid leave

Your employer agrees to you taking time off. Hopefully, you have also been made aware that the risks of death and disability can continue to be insured with your pension fund for a further two years, and that the savings process can also be continued.

Insured leave

Who doesn’t like having time off? And if for more than a month – even better! But – and here’s the catch: if you’re off for one month or more, the savings contributions to the pension fund stop. That would still be bearable. But the risk benefits for death and disability also no longer apply. If you suffer an accident during your extended holiday, which we certainly hope will not happen, and you have not taken out this continued insurance, you or your entitled surviving dependants will only receive the available vested benefits from the second pillar.

It is much easier if you register your holiday with BVK in good time and pay the risk insurance in advance. With a gross annual salary of CHF 85,000, the contribution for one year would be around CHF 1,200. Sound like a lot of money? Not if you consider that you would receive an IV pension amounting to 60% of your last insured salary in the event of a claim. In this example, that would be around CHF 36,000 per year until you reach normal retirement age.

This continued insurance can be taken out for a maximum of two years. It is also possible to continue the savings process while on unpaid leave at your own expense (you pay the employer and employee contributions). Find out in good time. BVK must receive the relevant form at least one month before the start of your leave.