Your insurance certificate shows you the details of your own insurance cover.

This is sent to your private address automatically each year dated 1 January.

We will be pleased to send you an insurance certificate on a date of your request in order to clarify your personal pension requirements. Please make your request known to us by email or over the telephone.

The insurance certificate is a provisional summary of your existing or prospective entitlements at the time of its issue. It cannot be taken as a basis for any legal claims. The benefits are based on the Pension Fund Regulations applicable at the given time.

Explanatory notes on the projection interest rate:
The projection interest rate is the interest rate which is used to forecast the old-age pension. This calculation is only relevant to pension plans which work on a defined contribution scheme. As a general rule, this projection is based on the present data (e.g. insured earnings, savings, conversion rate on retirement) and on the present pension plan.

When making projections, Livica applies an interest rate based on the long-term expectation of interest yields. Since 1.7.2012 this projection interest rate has been 1.5%. However, pension funds frequently also use the BVG minimum interest rate as the projection interest rate or another interest rate which is too high.

The prospective amount of retirement assets calculated with the projection interest rate is only intended to provide information for a forecast of the anticipated old-age pension. It does not constitute an entitlement to this amount of old-age pension (calculated with the projection interest rate).

Effect of the projection interest rate on the estimated benefits (example):

This yields the following estimated retirement assets and pensions for the various projection interest rates: