DM Income Protection
DM Income Protection is individual income protection insurance from Dansk Magisterforening (DM). Requirements: dM member and Plus customer of Alm. Brand. It covers up to 90 % of salary.
- Provider
- Dansk Magisterforening (DM)
- Type
- Trade union – individual scheme
- Requires
- DM member and Plus customer of Alm. Brand
- Insurance company
- Alm. Brand
- Maximum overall coverage
- 90 % of salary
- Maximum supplementary payment
- Not disclosed – see terms
- Waiting period
- The waiting period becomes more favourable the longer you have been a DM member
- Qualifying period
- Not disclosed – see terms
- Payment period
- 12 months at a time
- Price
- Individual - calculated at Alm. Brand
Additional terms
- Outplacement course via DM
Sickness coverage
Tax deduction
Tax-deductible
Sources
Last verified:
Related policies
Read more
Frequently asked questions
What is the qualifying period for income protection?
+
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?
+
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?
+
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?
+
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 →