What is disability insurance?
Disability insurance is an insurance cover that provides a payout if you are no longer able to work due to injury or illness.
When am I entitled to a payout from disability insurance?
To be entitled to a payout under a disability insurance policy, you will normally need to:
- have been at least 50% unable to work for two consecutive years
- have been assessed as permanently disabled
This usually means that you have been on sick leave for at least one year, followed by receiving at least 50% Work Assessment Allowance (AAP) for at least one year. In addition, your reduced ability to work must be assessed as permanent.
Should I speak to a solicitor?
Yes, it can be advisable. There are often disputes with the insurance company regarding when disability insurance should be paid out. It may therefore be sensible to seek professional advice so that you do not lose entitlement to interest on late payment or have your benefit reduced as a result of the insurer delaying the due date and payment.
How much am I entitled to under my disability insurance?
The amount you are entitled to is stated in your insurance policy documentation. You should therefore check this to find out how much compensation you may receive.
Who has disability insurance?
Today, many people have taken out their own disability insurance, have cover through trade unions, or have employers who have arranged such insurance for their employees. You should therefore check whether you have disability insurance.
Do I need a disability decision from NAV to receive a payout?
No, it is not a requirement to have a disability decision from NAV in order to receive a payout from disability insurance. The decisive factor is whether the conditions in the insurance policy have been met.
