Vita Plus

Vita Plus

For companies that want better insurance for their senior staff

Vita Plus is intended to supplement mandatory pension provision and is suitable for companies of all sectors. The product offers additional risk benefits (additional lump-sum death benefit or disability benefit) and additional savings options for senior staff. 

Around 1,550 employers with a total of 7,200 employees have opted for Vita Plus.

Advantages

  • Attractive supplementary provision for companies of all sizes 
  • Attractive interest of 0.75% plus any interest surplus in super-mandatory savings (as of 2018, set annually)
  • Pure risk insurance possible at favorable collective tariff
  • Own decision-making body for senior staff’s pension provision

This is how Vita Plus works

Vita Plus is comprehensive insurance that also covers the retirement savings capital in addition to the benefits paid in the event of disability and death. In the case of Vita Plus, all benefits are ensured by Zurich Life Insurance Company Ltd. Vita Plus offers the possibility of insuring both the savings and risk benefits together or just the risk benefits. The additional risk benefits not only supplement the basic provision but allow the insurance of a certain group of persons at a more favorable collective tariff. By separating the pension provision for senior staff from the mandatory pension provision, companies can provide a tailor-made pension provision for individual groups of persons. 

The company can decide whether it wishes to use the pension provision for senior staff as an additional incentive for its employees or whether it would like to offer better insurance for its senior staff. With a separate administration committee and affiliation contract in the pension provision for senior staff, the company has the choice.

In detail

Investments

The assets are invested by Zurich Life Insurance Company Ltd as part of a collective life insurance agreement. This contract stipulates that Zurich Life Insurance Company Ltd is to ensure all benefits set out in the regulations. In addition to the risks of disability and death, this also includes capital market risks.

Zurich pursues a conservative investment strategy with a relatively high proportion of government and corporate bonds.

Vita Classic investment strategy

Interest earned

Interest is earned on the savings capital in accordance with the collective life insurance tariff, and the interest rate is reviewed each year. In addition to fixed interest, the insured can also benefit from surplus generated by the savings capital. Zurich also distributes additional surpluses if the disability and death premiums have been calculated too conservatively – i.e. if fewer claims have been made than assumed.

Vita Plus Interest earned

   2018  2017  2016  2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Total    1.25%
 1.75%  2.00% 2.50% 2.50% 2.50% 2.75% 3.00% 3.25% 3.50% 3.00% 2.50% 2.50%
Interest earned  0.75%  1.00%  1.50%  1.50% 1.50% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
Surplus  *  0.25%  0.25%  0.50% 1.00% 0.50% 0.50% 0.75% 1.00% 1.25% 1.50% 1.00% 0.50% 0.50%
 *will be defined in December

Insurable benefits

Vita Plus offers a broad range of choice. The companies can choose whether they would like to have additional retirement savings capital in addition to risk coverage. The pure risk plans (plans without a savings contribution) make it possible for companies to close gaps in the insurance of their senior staff or to offer additional risk benefits to a selected group of persons. In combination with additional savings benefits it is also possible to close gaps in old age. Companies naturally benefit from the tax advantages of the occupational retirement provision.

Further information about the Vita Plus Joint Foundation

Annual key figures, composition of the foundation board and information on other institution can be found here.

Industry comparison

Would you like to know how other companies in your sector are insured? We will show you which pension coverage competitors of a comparable size offer their employees using an industry sector comparison.

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