Question 1

What does the insurance cover?

Accepted Answer

Disability pension:

Monthly payments in case of disability. Payments start after 12 months of continuous sick leave of at least 50%, unless otherwise agreed. The chosen annual sum insured is paid out in monthly instalments as long as you are at least 50% incapacitated for work, up to the selected retirement age (67 years at the latest).

Single payment permanent disability benefit:

One-off payment of selected sum insured in case of incapacity for work. If the insured person has been at least 50% continuously incapacitated for work during the period and the disability is permanent, the amount is paid in full after two years.

Question 2

What does the insurance not cover?

Accepted Answer

Disability caused by an illness/disorder that was discovered or manifested symptoms or signs within three months of the policyholder's acceptance of the agreement.

Question 3

Are there any limits to the cover?

Accepted Answer

That the incapacity for work is due to circumstances that the company made reservations against when evaluating the health information. Any reservation will appear from the insurance certificate.
Insurance events that the insured person caused or exacerbated through gross negligence or intent.

Question 4

Where is the insurance valid?

Accepted Answer

The insurance is valid worldwide.

Question 5

What are my obligations?

Accepted Answer

When purchasing insurance, you must provide accurate and complete answers to the company's questions. The insurance certificate specifies which information is used as a basis. If anything is incorrect, you must inform us immediately.

In the event of damage or injury you must contact us as soon as possible.

If you do not comply with your obligations, the settlement payment may be reduced, fully or partly.

Question 6

Terms and conditions (in Norwegian)

Accepted Answer

General Terms and Conditions Personal Insurance (PDF)
Disability Pension terms and conditions (PDF)
Single payment permanent disability benefit terms and conditions (PDF)
Disability Pension product information IPID (PDF)
Single payment permanent disability benefit product information IPID (PDF)

If you already have disability insurance with us, you need to log in to the online bank to check the terms and conditions that apply to you.

Long time since you purchased disability insurance and would like the latest terms and conditions? Contact us about what’s new in our current insurance policy, and get help upgrading to the latest version.

Question 7

How much does disability insurance cost?

Accepted Answer

The cost of disability insurance varies from person to person and is calculated based on factors such as age, occupation and the income gap you will face if you become incapacitated for work.

Question 8

Is there a tax on paid disability insurance?

Accepted Answer

Of the annual disability pension, 20% of the amount paid will be taxable income.

Single payment permanent disability benefit is paid as a tax-free lump sum.

Question 9

Do I have to be fully incapacitated for work to receive disbursements?

Accepted Answer

You do not have to be 100% incapacitated for work to use your disability insurance.

The disability pension can be used from when you are at least 50% temporary or permanently incapacitated for work.

If you have a disability lump sum, you can get an advance payment with monthly disbursements from 50% disability. One-off sum paid if you become permanently incapacitated for work.

Question 10

When will the insurance be disbursed?​

Accepted Answer

Unless otherwise agreed, disability pension disbursements begin after 12 months of continuous sick leave of at least 50%. The chosen annual sum insured is divided into monthly disbursements and lasts as long as you are at least 50% incapacitated for work or until the age of 67.

Disability lump sum disbursements with advance payment start with a monthly advance payment of the sum insured when you have been at least 50% incapacitated for work for 12 months. The disbursement of the lump sum is made in its entirety after two years of being continuously incapacitated for work to at least 50% and the degree of disability is considered to be permanent.

You can combine your disability pension and single payment permanent disability benefit to receive both monthly disbursements and a lump sum payment.

Question 11

Do I have to fill in a health declaration form?

Accepted Answer

When you buy personal insurance, you are required by law to provide health information. You do this by filling in a health declaration form. You will be notified when the health form is open for you to fill in.

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