Does joining Solisswiss make financial sense?

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

I am a Swiss person living in Thailand and have seen advertisements for Soliswiss insurance in the Swiss Review. Can you tell me whether subscribing to this insurance makes financial sense? What are the benefits?

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4079

Hi there,

Soliswiss is a cooperative society and works on the principle of shared risk, much like insurance providers. You pay an annual or a lifetime fee to join the scheme. If political instability leads to the loss of your livelihood, you can claim a lump-sum benefit of 10,000 Swiss francs.

You pay 60 francs per year in membership fees - or a one-time payment of 750 francs for lifetime membership. You can choose to make additional payments (between CHF 75 and CHF 1050 per annum) to increase your coverage (between CHF 20,000 and CHF 150,000).

Receiving a 10,000-franc benefit can help you relocate to Switzerland in an emergency or bridge a financial gap until you begin earning income again. However, it is important that you clearly understand coverage limitations.

You can only claim a benefit when you lose your economic livelihood or income-earning opportunities, or when you are subjected to political coercion, war or civil unrest. So while this coverage is useful for Swiss citizens residing in countries with unstable political setups, not all Swiss living abroad will benefit from this coverage.

Best regards from Moneyguru

More on this topic:
Health Insurance For Swiss Living Abroad
Swiss Bank Fees For Non-Resident Customers
International health insurance explained

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Cheap bank accounts with card

Free bank account

Yuh

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  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

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