Risk insurance compensa
Loss of earnings insurance
The compensa loss of earnings insurance protects you with a daily allowance in the event of loss of earnings due to illness, accident or childbirth – regardless of whether you are self-employed, employed, in training or a homemaker.
Insured benefits with capita illness
Daily allowance in the event of illness and accident:
- from 25% incapacity for work
- up to CHF 200,000 per year
- for 365 or 730 days
Daily allowance in the event of maternity and childbirth:
- up to 16 weeks, including for people who are not working (if the daily allowance was insured in the same amount for at least three full insurance years before childbirth)
- supplement to the Loss of Earnings Compensation Act (LECA) benefit – compensa covers the difference from the insured daily allowance
Daily allowance at Old-age and survivors’ insurance (OASI) retirement age:
Continued insurance possible at OASI retirement age: Entitlement to the insured daily allowance for a total of 90 days up to and including the age of 69
compensa risk insurance in brief
Anyone may suddenly become completely or partially unfit for work for a few days or weeks. This has an immediate impact on income. Mandatory insurance (health, accident and social insurance) provides essential basic benefits in this situation, but it always leaves gaps. Voluntary private loss of earnings insurance helps to fill these gaps. Specific examples:
- As a rule, the employer’s daily sickness allowance insurance only covers 80% of the salary. This can quickly become a problem for part-time employees, sole earners or households with tight budgets. With compensa, you can protect yourself and ensure that you receive your full salary even in the event of loss of earnings.
- If you do not receive full maternity benefits through your employer when you give birth, compensa is there to provide additional support.
With compensa, people who are either working (self-employed people, employees) or not working (e.g. homemakers, people in training) can protect themselves against the financial consequences of illness, accident and childbirth. compensa pays the agreed daily allowance from as little as 25% incapacity for work. compensa also pays if the insured person becomes unemployed. In addition, it is possible to apply for continued insurance beyond the OASI retirement age. Last but not least: if the conditions are met, the insured daily allowance will be adjusted in line with inflation.
Housekeeping and childcare are often dependent on the homemaker holding the fort. The same applies to family businesses where relatives help out without a cash salary. But if these people cannot work for prolonged periods of time for health reasons, solutions are needed. This is where compensa comes in. Examples:
- A housewife suffers from acute pain and restricted movement after a slipped disc. She is on sick leave for eight weeks and cannot go shopping, do the hoovering or look after the children during this time. Thanks to compensa, she receives a sum insured of CHF 150 per day after the agreed waiting period of 30 days and can use it to finance home help, online purchases or taxi journeys.
- A man works on his son’s farm. After a heart attack, he has to look after himself – he is not allowed to do any manual work or household chores. After the agreed waiting period of 60 days, he is still on 50% sick leave. From then on, he will receive 50% of the insured daily allowance of CHF 150, i.e. CHF 75 per day, from compensa. He can use the daily allowance he receives as he wishes.
Sympany rewards no-claims with a premium discount. And in the event of maternity, the maximum benefit period is doubled if the insured person has been insured for three full insurance years at the same level.
If you opt for compensa loss of earnings insurance, you have three options to choose from:
- Daily allowance in the event of illness and childbirth
- Daily allowance in the event of an accident
- Daily allowance in the event of illness, childbirth and accident
The amount of the daily allowance is agreed in consideration of the current income and the respective maximum cover. You can also choose the start and duration of benefits.
Contact us
Would you like to find out more about Sympany’s risk insurance policies? Our sales team would be happy to advise you over the phone or in person – in your home, at work or at a location of your choice.
