Children′s insurance

Anyone who wants to give a child that is close to them a helping hand on their path through life: for example, parents, grandparents, other relatives or godparents.

It is both sensible and important because, unfortunately, state benefits are insufficient to cover the full impact of disability during childhood. Those who become disabled as children and are never able to pursue gainful employment, will miss out on one of life's important building blocks: occupational retirement provision. This not only has an impact on disability benefits, but also on retirement provision. Children's insurance from Zurich bridges this gap – ensuring financial independence in the event of disability.

The policy can be set up as soon as the child is born. The maximum age at entry for a child's disability protection is 15 years, while for the savings component, it is 10 years.

In Switzerland, health insurance is mandatory: to ensure that the insurance coverage is valid from their first day, the child must be registered with a health insurance provider three months after birth at the latest.

If the child becomes disabled, benefits are provided by state invalidity insurance (IV). However, this is not sufficient for the child to lead a financially secure life. Consequently, the child would have to apply for supplementary state benefits, in the hope that this would improve their financial position somewhat and give them greater freedom. Large expenses, such as those needed to make a house more accessible, are often no longer possible in such a situation.

This is where children's insurance from Zurich comes into play: it closes the gaps in state provision and ensures that children who are affected by disability can live as independently as possible and are in the position to shape their financial future.

By law, children in Switzerland are insured against accidents through their health insurance. However, this will only cover medical expenses following an accident. The indirect consequences – alterations to the home to make it more accessible or long-term loss of earnings for the affected child – are not covered by the compulsory health insurance. This is what children's insurance form Zurich is designed for.

Children's insurance form Zurich can be used to cover risks in the event of disability, and to achieve savings goals as well.

Naturally, you can also insure your baby with Zurich Junior. In fact, it is prudent to begin insurance cover from the earliest possible age – this can be done as soon as the first day after birth.

The cost depends on the benefits you would like: risk protection is available starting at 50 Swiss francs per month. The savings component likewise starts at a monthly payment of 50 Swiss francs. However, you may increase your payments if you would additional cover.

Children are usually insured against both illness and accident by their health insurance provider. This "children's accident insurance" is part of the basic insurance coverage from the health insurance provider and will cover medical expenses following illness or accident. However, the financial impact resulting from a loss of earnings from gainful employment is not insured. This is precisely where Zurich Junior comes in: alongside other benefits, this children's insurance offers income replacement if a child is unable to seek gainful employment as an adult due to illness or accident.

State benefits are unfortunately insufficient to cover the full impact of disability during childhood. This is where children's insurance from Zurich comes into play: if a child becomes disabled following an accident or severe illness, the children's insurance will make an immediate payout, which can be freely used, for example, for necessary alterations to make the home more accessible. In addition, the affected child will receive a disability pension from their 16th birthday. This will provide them with a better standard of living and financial independence. Finally, at the age of 65 retirement capital will be paid out via the children's insurance, replacing the lost BVG pension.

You have the option to obtain additional coverage for this purpose. Zurich will then waive the insurance premium if the premium payer becomes unable to work or even passes away. In this way, the savings goal is guaranteed to be met and the insurance coverage remains in full effect.