Social insurance

Switzerland’s social welfare and pension system combines and coordinates state, company and personal pensions. These include

• The Old Age and Survivors Insurance (AHV)

• The Invalidity Insurance (IV)

• Accident insurance

• Health insurance and daily indemnities for sickness

• Compensation for loss of earnings and maternity benefits
  
• Unemployment Insurance (ALV)

• Occupational pensions

• Family allowances
  
  

Non-mandatory insurance

In Switzerland, more money is spent on insurances than in any other nation in the world. Examples of non-mandatory insurances are private liability insurance and household contents insurance.