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Valorlife Countries Tailord
products 		Insurance
products 		Investment
products 		Life
annuities 		Contact






If the insurance policy is paid with single premiums and the policyholder is a Swiss or Liechtenstein resident, then a stamp duty of 2.5 percent of the deposit is due. Insurance products financed by recurring premiums spread over the duration of the contract are not subject to stamp duty.

Below you will find the conditions to qualify for a tax effective solution in Switzerland:

VIPvalor Standard and Privatissimo (products with single premium)
These products will qualify as third pillar (3b) products, not subject to income tax, if all of the following conditions are complied with:

1. The insured and the policyholder must be the same.
2. Premiums as well as benefits must be payable in cash.
3. The policyholder must conclude the policy before his/her 66th birthday.
4. The minimum contract duration must be 10 years and the policy must mature after the policyholder's 60th birthday.
5. A constant death benefit equal to the net initial single premium increased at an annual interest rate of 5% must be included. Additional deposits to the same policy are not allowed.
6. The policy may not be converted into a life annuity at maturity.

VIPvalorPlan and Crescendo (products with periodic premiums)
This product will qualify as a third pillar (3b) product, not subject to income tax, if all of the following conditions are complied with:

1. Premiums as well as benefits must be payable in cash.
2. The minimum contract duration must be 10 years.
3. The death benefit must be calculated on the basis of a hypothetical endowment insurance at a technical interest rate of 2.5%.
4. The policy may not be converted into a life annuity at maturity.

In general, if the policyholder opts for a life annuity, 40% of the resulting annuity benefit will subject to income tax.