With a Helvetia disability pension you ensure you and your loved ones will have the necessary substitute income if you lose your regular income due to earning disability.
The disability insurance is a pure risk insurance without savings accumulation. The agreed regular pension payments are paid out if you become unable to work due to an accident or illness. You finance the insurance through regular payments and can choose whether you want it to take the form of tied pension provision (pillar 3a) or flexible pension provision (pillar 3b).
In the event of earnings disability resulting from an accident or illness, you get a guaranteed pension following the agreed waiting period of 3, 6, 12 or 24 months. The level of the pension payments is based on the degree of your disability. With 70-percent earning disability or more, we pay you the full pension.
As a young employed person, you have low invalidity benefits from the first and second pillars. With disability insurance you ensure an additional income in the event that you become unable to work due to a serious illness or accident. This way, you are still able to maintain the standard of living you are accustomed to.
As an employed spouse with fixed financial obligations, you want to ensure a certain standard of living for your family even if you become unable to work as a result of illness or an accident. Ideally you tailor your wage continuation to the disability pension with regard to waiting period, pension level and term and fill any gaps that way.
Students or trainees get only very low benefits from the state disability insurance (1st pillar), so they are particularly affected by the consequences of earning disability. With a disability pension they can secure themselves an additional pension on favourable terms if the worst happens.