I will talk about all the insuranceances I have in Switzerland as a working expert, both mandatory and complimentary, and exactly how much they cost to me. Hi, I’m Mariam. I’ve been living in Switzerland for more than 7 years now. And on this channel, I share my personal experiences and guides on navigating life in Switzerland, from flat hunting to maternity and more. When I first started scripting this video, I didn’t know that one of the insuranceances I’m going to talk about would save me my peace of mind the very same day. But more on this in the end of this video. Let’s start with the mandatory and instead of starting with the mandatory health insurance that all of us know, let’s start with less obvious ones that we as employees pay before we get our paycheck. In Switzerland, employees contribute to several mandatory social insuranceances. The main one is ABS or old age and survival insurance and it takes 5.3% of your salary and funds retirement pension and support for surviving dependence. Invalidity insurance is included into that ABS rate and provides income if person becomes disabled. Another insurance that is directly deducted from the salary is unemployment insurance and it takes 1.1% and provides benefits if you lose your job. Also,
all employees that work more than 8 hours per week have an accident insurance that cover medical costs and lost earning after an accident work and nonwork related. And my salary slip says that it’s around 1% of my salary. Although some employers cover this cost completely. Also, most employees contribute to second pillar pension fund to complement ABS. It’s typically between 7 and 15% of your salary depending on your age, the older the higher, and on the insurance provider’s plan. These are all social securities that are deducted from my salary. To be fair, your employer pays the same on your behalf or even more, especially for the second pillar. Let me know in the comments whether you paid attention into those numbers in your pay slip or you just accepted those deductions without digging into what it is. Next, some small but still important insurance such as personal responsibility insurance. Legally, it’s not mandatory, but good luck
