In search of safe financial assets the Germans put more and more money in life insurance. The contributions grew in the past year, a surprisingly strong 11.3 percent to 102 billion euros, as the industry Association GDV said on Wednesday. Especially insurance companies, were sought after, for which the customer pays only a one-off contribution. Association President Wolfgang Weiler spoke of a vote of confidence. "Life insurers offer safer, even if compared to earlier, lower income." And the customers have to adjust to the fact that the yield decreases more.

beginning in 2021 would change the guaranteed interest rate, said Andreas Wimmer, the pension expert of the Association and life insurance in-chief in the Alliance. The Federal Ministry of Finance the proposal of the actuaries on the table to lower in the case of new Contracts, the guaranteed interest rate from 0.9 to 0.5 percent. Add to this a surplus participation, the insurers decide for themselves. Together, the results in the current interest rate. The FOCUS of the Online pension calculator, you can Calculate the amount of your pension

it is according to Wimmer's information 2020 in the industry average at 2.3 percent. The total return, including a final performance at the end of a contract is expected to be 2.8 to 3 percent. For comparison: about ten years Ago, customers could expect around 5 percent.

Also in the property and casualty, as well as the Private health insurance premium income increased. Overall, a record total of 216 billion euros at the bottom line, about 6.7 percent more than in the previous year.

hamlet said it was a very satisfactory year. "But that is no reason for euphoria, because the market environment remains difficult, due to the low interest rates extremely demanding." Because the economy had become weaker, and interest rates remained low, expect the General Association of German insurance industry (GDV), the contributions will grow this year a total of 1.5 to 2 percent.

in view of the low interest rates, insurers called on the new President of the European Central Bank, Christine Lagarde, to a reversal of this trend. The dangers of the low interest rate policy has now become greater than the benefits, said hamlet. States, households and businesses have borrowed in record height. Investments with stable and predictable income would be counteracted. Years of contributions down the drain: Why you absolutely check your pension information FOCUS Online contribution should years gone: Why your pension information