Unemployment, income incapacity following an accident or health issues. Your professional life is full of unforseeables.
It doesn't always happen to someone else. Milenia helps you and your family maintain your standard of living in case of unemployment thanks to Helvetia Income Protect.
Protect yourself and your family in case of loss of income
In Switzerland, the mandatory redundancy insurance system (AC) will compensate your salary up to 70% of its monthly total calculated on the average of the past 6 months if you have no children and up to 80% if you are a parent.
If you have a monthly net salary of CHF 5'400 you will only receive CHF 3'780 compensation per month.
This difference in salary can be brutal to handling your invoices, insurances, health costs, phone costs… Maintaining your standard of living becomes difficult and debt rises quickly.
Helvetia Income Protect Insurance: The benefits
The Helvetia Income Protect Insurance protects you in case of income loss by providing:
- Additional revenue of between CHF 500 to CHF 1'200 per month based on your choice
- A complementary revenue of between 20% and 30% based on your previous salary in case of unemployment
- The possibility of completing your salary in case of income incapacity.
- Affordable insurance premiums regardless of age or type of work
- A simplified subscription, without a health check
- You won't have to dig in your savings to cover your income loss
- No committment over time. You can opt out when you want to
- No payment reductions due to the intervention of other insurance policies
Conditions explained
Work incapacity following an accident or medical issue:
You are not allowed to subscribe to the Helvetia Income Protect insurance solution if you have undergone medical related issues or an accident within the past 12 months.
Work incapacity is considered as of the confirmed date as stated by your doctor.
There is no qualifying period in case of work incapacity and you will be covered 3 months after the incapacity starts (waiting period). Coverage will be ensured for a maximum of 12 monthly installments per claim and a total of 24 monthly installments by contractual duration.
In case of work redundancy:
You are not allowed to subscribe to the Helvetia Income Protect insurance solution if you have been unemployed during the past 12 months and if you have worked less than 30 hours a week.
Once the Helvetia Income Protection insurance has been activated, there is a qualifying period of 6 months during which you will not be insured followed by an extra 3 months as of the day you claim unemployment benefits (waiting period).
You will then be covered for a maximum of 12 monthly installments per claim and a total of 24 monthly installments by contractual duration.
The premiums must always be paid during work incapacity or redundancy periods.
You can download the brochure to have more information on the applied service conditions.