📋 Tender Overview
With the introduction of company group insurance BKV in 2005 the second pillar of old-age provision was to be promoted. An insurance product must have certain characteristics in order to qualify as a BKV under labor and tax law. These characteristics bring the BKV closer to a pension fund contract without the BKV losing its status as a product of contract insurance.The aim was to create a level playing field between the BKV and pension fund products. As there were changes in the Pension Fund Act PKG in 2018 certain provisions of the BKV have now been amended in the Insurance Supervision Act required to align the level of protection of the beneficiaries and beneficiaries as well as competitive conditions in the area of the BKV and in the pension fund area.Therefore there should be an adjustment to the information requirements and the creation of a right of consent for insured persons in the area of the BKV.
