It’s important to us to explain the complex topic of the occupational benefit scheme as comprehensibly as possible. However, sometimes we cannot get around using technical terms. In our glossary we explain these technical terms briefly and in a reader-friendly manner.


By accepting a proposal for life insurance, an insurance company binds itself legally to the benefits and premiums stipulated in the proposal. The company stipulates these when it draws up the policy. Subsequent modifications to the insured risk (e.g. health, occupation, domicile) are not taken into consideration.

By signing the proposal, the policyholder confirms his agreement to the benefits and premiums stipulated within it and his acceptance of the conditions laid down by it.


A possession acquired by a spouse during marriage and forming part of the joint estate (Art. 197 of the CC).

Adjustablecontribution procedure

The annual contributions by active insured persons are immediately used to finance benefits paid out to pensioners. This means that no policy reserve is created since it is arranged that receipts and expenditure are the same at any particular moment.

Affiliation contract, occupational pensions

If an employer has not set up its own occupational pension plan, it may conclude an affiliation contract with a joint or collective foundation in order to provide occupational pensions. The affiliation contract defines mutual rights and obligations and, among other things, includes regulations governing the duration, termination and dissolution of the contract.

Age at entry

The age at entry is a deciding factor in the calculation of a premium when a life insurance contract is being drawn up. It corresponds to the difference between the commencement date of the insurance and the date of birth of the prospective insured person. Age at entry is expressed in whole years with fractions over six months being rounded up to the greater whole year.

All-encompassing pension solution

Type of organisation for non-compulsory insurance in the occupational pension provision area, where the BVG minimum benefits and the extra-mandatory benefits are grouped together as a unit.