Covers calculated in DKK and as a percentage rate

Insurance covers which are paid monthly in the event of illness and death can be fixed either as covers in DKK or as a percentage rate of the retirement pension.

You can read more below.

It is possible to choose a cover in DKK under the following Regulations:

  • P+ Regulations 2019
  • P+ Regulations 2007, former JØP Regulations 2
  • P+ Regulations 2011, former DIP Regulations 4

When you chose a cover in DKK, the size of the insurance cover is fixed as an annual amount. It is the size of the calculated pension that is fixed. The calculated pension comprises a basic and supplementary pension. The supplementary pension is paid through bonus.  


When you chose a cover in DKK, the basic pension is fixed as a percentage of the retirement pension based on the ratio between the covers of the calculated pension. The ratio is adjusted continually in relation to the development of the pension scheme and may result in the basic pension being adjusted on one or several other covers or the retirement pension.

Covers in DKK that are not in payment are adjusted annually with the retail prices index. The adjustment may affect the size the covers that are not calculated in DKK and the retirement pension.


If you are receiving temporary or permanent disability pension benefits, the covers in DKK that are not in payment are not adjusted annually.

When a cover in DKK becomes payable, the paid calculated pension benefits may continually be adjusted both upwards and downwards as it appears from the Bonus regulations.

When you start receiving retirement pension benefits, or you are transferred to dormant membership, all covers calculated in DKK are changed to covers calculated as a percentage. The cover is determined differently depending on whether you start payment of the linked retirement pension, or you become a dormant member.

On transfer to retirement pension, the linked insurance covers cannot be maintained as covers in DKK. The calculated pension of the insurance cover is not changed, but instead of continuing as a cover in DKK, it is changed to a cover calculated as a percentage. The percentage is calculated on basis ofthe insurance cover and retirement pension, both at the time of retirement.


Hereafter, the insurance cover follows the development of the retirement pension. This means that the insurance cover may be adjusted both upwards and downwards as appears from the Bonus regulations.

On transfer to dormant membership, the insurance covers cannot be maintained as a cover in DKK. The calculated pension of the insurance cover is changed to a percentage of the calculated retirement pension benefits at age 68. On transition to dormant membership after age 68, the insurance covers are fixed as a percentage of the calculated retirement pension benefits you are entitled to. On the pension statement the cover calculated as a percentage after age 68 is shown at the next whole age (age 69, age 70 etc.).


The percentage ratio of the insurance covers on the previous covers in DKK is determined according to the rules applying to the pension agreement:


P+ Regulations 2019:

  • The disability pension benefit is fixed at 100 percent of the calculated retirement pension benefit.
  • The spouse’s pension benefit – lifelong and 10-year – is fixed at 60 percent of the calculated retirement pension benefit.
  • The children’s pension benefit is fixed at 20 percent of the calculated retirement pension benefit.


P+ Regulations 2007, former JØP Regulations 2:

  • The disability pension benefit is fixed at 100 percent of the calculated retirement pension benefit.
  • The spouse’s pension benefit – lifelong and 10-year – is fixed at 40 percent of the calculated retirement pension benefit.
  • The children’s pension benefits is fixed at 20 percent of the calculated retirement pension benefit.


P+ Regulations 2006, former DIP Regulations 4:

  • The disability pension benefit is fixed at 100 percent of the calculated retirement pension benefit.
  • The spouse’s pension benefit – lifelong and 10-year – is fixed at 60 percent of the calculated retirement pension benefit.
  • The children’s pension benefit is fixed at 20 percent of the calculated retirement pension benefit.

Covers calculated as a percentage imply that the insurance cover is fixed as a percentage of the calculated retirement pension benefits at age 68. After age 68, the cover calculated as a percentage is fixed relative to the calculated retirement pension benefits you are entitled to. On the pension statement the covers calculated as a percentage after age 68 are shown at the next whole age (age 69, age 70 etc.).


However, this does not apply to the following pension agreements: P+ Regulations 1983, former DIP Regulations 1, P+ Regulations 1999, former DIP Regulations 2 and P+ Regulations 1973 former JØP Regulations 1.

You may have fixed your insurance covers at different percentages than those applying to the pension agreement. This may imply that the insurance cover percentage is different on transfer to dormant membership where the insurance covers are fixed according to the rules applying to the pension agreement.


P+ Regulations 2019:

  • The disability pension benefit is fixed at 100 percent of the calculated retirement pension benefit.
  • The spouse’s pension benefit – lifelong and 10-year – is fixed at 60 percent of the calculated retirement pension benefit.
  • The children’s pension benefit is fixed at 20 percent of the calculated retirement pension benefit.


P+ Regulations 2007, former JØP Regulations 2:

  • The disability pension benefit is fixed at 100 percent of the calculated retirement pension benefit.
  • The spouse’s pension benefit – lifelong and 10-year – is fixed at 40 percent of the calculated retirement pension benefit.
  • The children’s pension benefit is fixed at 20 percent of the calculated retirement pension benefit.


P+ Regulations 2006, former DIP Regulations 4:

  • The disability pension benefit is fixed at 100 percent of the calculated retirement pension benefit.
  • The spouse’s pension benefit – lifelong and 10-year – is fixed at 60 percent of the calculated retirement pension benefit.
  • The children’s pension benefit is fixed at 20 percent of the calculated retirement pension benefit.


However, this does not apply to members subject to limited cover or a high savings scheme, members who are employed in a flexi job or the like, members who receive public early retirement benefits, and members under the following pension agreements: P+ Regulations 1983, former DIP Regulations 1, P+ Regulations 1999, former DIP Regulations 2 and P+ Regulations 1973, former JØP Regulations 1.