Savings insurance
with guarantee and return opportunities
To help you accumulate assets steadily over time, we offer a range of savings solutions with or without insurance cover. You decide how much cover you need.
Would you like to invest your capital in an investment solution? Find out more about Swiss Life’s investment solutions here.
With savings insurance, you can enjoy peace of mind knowing that your savings plans stay on track and that you and your loved ones are financially protected, whatever life may bring.
Savings insurance essentially consists of two components: the savings component allows you to build wealth to provide for life after retirement, finance a home purchase or to fulfil a personal life goal. At the end of the contract term, the accumulated savings will be paid out to you.
But what if something happens to you during this savings period? If you become disabled or even die? Then the second component of savings insurance applies: individual risk coverage against the risks of death and/or disability. Arrange a consultation now.
The third pillar is designed for voluntary, individual retirement provision. It allows you to accumulate your own additional retirement capital. Within private pension provision, a distinction is made between pillar 3a (tax-qualified provisions) and pillar 3b (non-tax-qualified provisions).
The table below provides an overview of the key features of each pillar:
| Pillar 3a (tax-qualified provisions) | Pillar 3b (non-tax-qualified provisions) | |
| Who can contribute? | Gainfully employed individuals resident in Switzerland | Anyone (worldwide) |
| Purpose | Retirement provisions | Can be freely chosen |
| Contributions |
Maximum limit set by the government | Amount and payment frequency can be freely chosen |
| Taxes |
Contributions are deductible from taxable income. Upon withdrawal: taxed separately from other income at a reduced tax rate. If both spouses/partners work and pay contributions to a recognised form of future provisions, both can claim the tax deduction. | Under the lump-sum deduction for insurance premiums. During the policy term, the surrender value of insurance policies is subject to wealth tax. Benefits are tax-free on payout. |
| Withdrawal | Withdrawal no earlier than 5 years before and no later than 5 years after normal AHV/AVS retirement age (65 years) | Can be freely chosen |
| Early withdrawal |
Possible in the following cases:
| No restrictions |
| Beneficiaries |
In the event of retirement and disability:
In the event of death:
| Beneficiaries can be chosen freely subject to the statutory compulsory portions. |
Yes. You can deduct the contributions to pillar 3a from your income on your tax return in full. Depending on your canton of residence, income level and the amount contributed, this can reduce your annual tax bill by up to CHF 2000. At the same time, you will be preparing for your financial future. So contributing is a good idea in every respect. The maximum amount you can contribute to pillar 3a each year is currently CHF 7258 (2025). If you are self-employed and not affiliated with a pension fund, you can contribute up to 20% of your net income, up to a maximum of CHF 36 288 each year.
Pillar 3b does not offer the same direct tax advantages as Pillar 3a. However, it can still be beneficial from a tax perspective. Depending on the type of investment you choose, certain rules and conditions apply. Capital-sum insurance with a surrender option, for instance, can be tax-efficient. While contributions are only deductible to a limited extent under the lump-sum deduction for insurance premiums – which is often already used up by health insurance premiums – and the surrender value is subject to wealth tax during the term, the entire benefit, including any investment gains, can be received free of income tax upon payout, provided the statutory requirements are met.
Not sure which solution is right for you?
We provide comprehensive advice tailored to your personal circumstances and can meet at a place of your choice.