IconInsurance covers 

    Waiting periods

    The rules must prevent speculation against the pension fund and its members.

    Your pension agreement is subject to rules on waiting periods to prevent speculation against P+ and its members. The rules apply on:

    • admission to the pension fund
    • resumption of contribution payments
    • opting for insurance covers, pension life cover and pension guarantee
    • increase of insurance covers.

    If you are subject to a waiting period, you can, at your own account, submit health information for an assessment of your risk. If we find the information satisfactory, the waiting period is discontinued. If the information is not satisfactory, you remain subject to the waiting period. 

    On admission to P+ you become subject to the rules on waiting periods until you have paid pension contributions to the pension fund for a consecutive period of 2 years. For individual members who do not pay contributions through an employer the waiting period is 4 year. 

     

    The rules on waiting periods imply that your insurance cover on death and disabilty is discontinued if there is a direct or indirect correlation with your health condition on admission to P+.

    If you resume payment of pension contributions after a period where you have been a dormant member and accordingly not insured, you become subject to the rules on waiting periods until you have paid pension contributions to P+ for a consecutive period of 2 years. 

     

    The rules on waiting periods imply that your insurance cover on death and disability is discontinued if there is a direct of indirect correlation with your health condition on admission to P+.

    If you opt for or increase insurance covers, the pension life cover or pension guarantee, the cover in question becomes subject to the rules on waiting periods until you have paid contribution payments to P+ for a consecutive period of 2 years. 

     

    The rules on waiting periods imply that the insurance cover on death and disability opted for is discontinued if there is a direct or indirect correlation with your health condition at the beginning the waiting period. In case of an insurance cover increase, it is only the increase that is discontinued. The cover will remain the same as before the increase. 

    If on admission or resumption of contribution payments to P+ you transfer another pension agreement with corresponding insurance covers, the seniority from this pension agreement may be included when we assess if and possibly how long you must be subject to the rules on waiting periods.