Terms and Conditions of the VBLextra (AVBextra).

The Terms and Conditions of AVBextra 04 apply to all insurance contracts starting from 1st June 2016.

We calculated the AVBextra 04 based on an interest rate of 0.25 per cent. In light of current developments on the financial market, this cautious tariff calculation is essential. The VBL is not immune to the effects of the ongoing low-interest phase. Especially, the Eastern/Western Länder of Germany for capital-funded insurance thus are faced with major challenges. The VBL’s voluntary insurance scheme is fully capital-funded.

The German Federal Financial Supervisory Authority (BaFin) approved the AVBextra 04 in a letter dated 31 May 2016.

The AVBextra 04 are binding for insurance contracts

  • with/without “Riester” benefits or by way of salary foregone,
  • for temporarily employed scientific staff in accordance with Section 28 (1) VBLS,
  • for contributions due to higher pay grade according to Section 82 (1) VBLS,
  • for other increased pension promise of the employer.

 

Description Format Size
Terms and Conditions – AVBextra 01
Valid for contracts with insurance commencement between 1 January 2002 and 31 December 2003		 PDF 170 KB
Terms and Conditions – AVBextra 02
Valid for contracts with insurance commencement between 1 January 2004 and 31 December 2011		 PDF 174 KB
Terms and Conditions – AVBextra 03
Valid for contracts with insurance commencement between 1 January 2012 and 31 May 2016		 PDF 160 KB
Terms and Conditions – AVBextra 04
Valid for contracts with insurance commencement between 1 June 2016 and 30 September 2016		 PDF 160 KB
Terms and Conditions – AVBextra 04
Valid for contracts with insurance commencement as of 1 October 2016		 PDF 160 KB

 

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If statutory provisions or economic framework conditions so require, the Terms and Conditions for voluntary insurance shall be adapted to the new requirements.