The model covers benefits in the event of an accident at every level – from medical and hospital expenses to the consequences of incapacity to work. There are limits to the benefits, though. If, for example, you want to insure more than 80% of your earnings, you have to take out supplementary accident insurance.
Cover for illness is different, in that you have to insure the three levels – medical and hospital expenses, loss of income and incapacity to work – separately.
Medical and hospital expenses are covered by your compulsory health insurance.
Loss of income is compensated for by your daily sickness allowance insurance for a maximum of two years. The amount paid depends on the percentage you have agreed with the insurer.
As for the long-term financial consequences of illness, you have to make your own arrangements. In the Standard model, this is done through an occupational pension solution (under the Occupational Retirement, Survivors' and Disability Pensions Act - BVG), which you need to arrange with a life insurance company. That, together with the benefits from social insurance, will cover something like 60% of your income. However, you can also arrange extra cover and more individual supplementary solutions with the life insurance company. By having Swisslife as our cooperation partner, we can offer you all-in solutions from a single source.
The Standard model applies the legal requirements for employees' accident insurance, covering all three levels in the event of an accident – medical expenses, loss of income, and incapacity to work, too. There are limits to the benefits, though. You can make them more generous by taking out supplementary insurance. A choice of individual insurance solutions is available, including for illness.