IDA Income Protection
IDA Income Protection is individual income protection insurance from IDA / IDA Forsikring. Requirements: member of IDA or Akademikernes A-kasse + member of a Danish unemployment insurance fund. It covers up to 90 % of salary with 2,000–60,000 DKK/month additional unemployment benefits.
- Provider
- IDA / IDA Forsikring
- Type
- Trade union – individual scheme
- Requires
- Member of IDA or Akademikernes A-kasse + member of a Danish unemployment insurance fund
- Insurance company
- Topdanmark (via IDA Forsikring)
- Maximum overall coverage
- 90 % of salary
- Maximum supplementary payment
- 60,000 DKK/month
- Minimum supplementary payment
- 2,000 DKK/month
- Waiting period
- 1 month (first payment about 2 months after unemployment)
- Qualifying period
- 9 months (no job loss coverage within 9 months after purchase)
- Payment period
- Maximum 36 months in total
- Age
- 18-60 years for purchases - covers 65 years
- Price
- See IDA Insurance Price List
Additional terms
- Minimum 16 h / week and 12 months of continuous employment before unemployment
- Does not cover contract maturity or self-employed
Sickness coverage
Not covered if the termination is due to known illness / accident
Tax deduction
Part of the price is deductible - Topdanmark reports automatically
Sources
- IDA Insurance: Income protection insurance
- IDA Insurance: Income protection insurance and cover (FAQ)
- IDA Insurance: Price list
Last verified:
Related policies
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- Compare all individual income protection
- Compare IDA Income Protection with a different income protection
- Income Protection through trade unions
- Income protection during illness, sick leave and sickness benefits
- Income protection insurance and tax: deduction, taxation and AM contributions
- Is income protection worth the cost?
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 →