AKA Income Protection
AKA Income Protection is individual income protection insurance from Akademikernes A-kasse (AKA). Requirements: membership of Akademikernes A-kasse. It covers up to 90 % of salary with up to 40,000 DKK/month additional unemployment benefits.
- Provider
- Akademikernes A-kasse (AKA)
- Type
- Unemployment insurance fund – individual scheme
- Requires
- Membership of Akademikernes A-kasse
- Insurance company
- Topdanmark (part of If Skadeforsikring)
- Maximum overall coverage
- 90 % of salary
- Maximum supplementary payment
- 40,000 DKK/month
- Waiting period
- Not disclosed – see terms
- Qualifying period
- Not disclosed – see terms
- Payment period
- Up to 12 months
- Price
- Members of the Djøf, IDA and Maskinmestrenes Forening get better prices through their own agreements
Sickness coverage
Also covers unemployment due to illness or accident (according to AKA)
Tax deduction
Sources
Last verified:
Related policies
Read more
Frequently asked questions
What is the qualifying period for income protection?
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The qualifying period is the time you must have had (and paid for) the insurance before you can get paid. It is typically 5-9 months: Frie 5 months, Ase / CA / Krifa / Det Faglige Hus / Lederne / GF 6 months, Djøf / Topdanmark / IDA / Alka / MA 9 months. If you are terminated during the period, you are not covered.
See FAQ →What is the difference between a waiting period and a qualifying period?
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The qualifying period runs from purchasing the policy until cover begins. The waiting period (karens or selvrisiko) is the number of days from becoming unemployed until payments start: for example, 28 days with Ase, 30 with CA and 45 with Djøf. Some providers use “karens” for the qualifying period, so read the terms.
See FAQ →Are income protection payments taxable?
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Yes. Income protection payments are taxed as ordinary A-income, but no labour market contribution (AM-bidrag) is payable on them. Income protection is therefore not tax-free.
Sources: A&TIL: Tax rules on income protection
See FAQ →What income protection is available to academics?
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Academics can choose Djøf Income Protection Insurance (Topdanmark, up to 40,000 DKK), IDA Income Protection Insurance (Topdanmark, up to 60,000 DKK, also for AKA members), AKA Income Protection Insurance (Topdanmark), DM Income Protection Insurance (Alm. Brand) and MA Income Protection Insurance (AmTrust, up to 30,000 DKK).
Compare Academic Income Protection Insurance →See FAQ →