Disability Insurance in Connection with Regular Life Insurance Contracts inSwitzerland

Disability insurance in connection with regular life insurance, of which the principles are outlined in the following text, has been issued by the life insurance companies of Switzerland for many years. This kind of insurance has always been a source of profit to the companies. It may be of interest to mention that the business in force at the end of 1929 of the oldest and most important Swiss company, the Society Suisse d'Assurances generales sur la vie humaine, Zurich, was about 25,000 policies for more than 22 millions of Swiss francs annual income benefits in event of disability. These figures embrace 319 disability claims with disability annuities amounting to 300,000 Swiss francs (annuities for the waiver of premium benefit included). This company has issued disability insurance since 1894.