Krifa Income Protection
Krifa Income Protection is individual income protection insurance from Krifa. Requirements: membership of Krifa unemployment insurance fund. It covers up to 90 % of salary with 1,000–21,000 DKK/month additional unemployment benefits.
- Provider
- Krifa
- Type
- Unemployment insurance fund – individual scheme
- Requires
- Membership of Krifa unemployment insurance fund
- Insurance company
- Krifa Forsikring A/S (according to Krifa’s complaints procedure)
- Maximum overall coverage
- 90 % of salary
- Maximum supplementary payment
- 21,000 DKK/month
- Minimum supplementary payment
- 1,000 DKK/month
- Waiting period
- 30 days
- Qualifying period
- 6 months
- Payment period
- 6 or 12 months (from 60 years only 6 months)
- Age
- Less than 64 years
- Minimum salary
- 27,830 DKK/month
- Price
- From 40 DKK/month
Additional terms
- Must have worked for the last 6 months and must not have been terminated on purchase
- Self-employed persons over 61 years of age are covered only by bankruptcy
Sickness coverage
Does not cover illness - no payment on days when you are ill and receive sickness benefit, holiday or maternity leave
Tax deduction
Tax-deductible – Krifa reports automatically
Sources
- Krifa: Income protection insurance
- Krifa: Questions and Answers about Income Protection
- Krifa: Insurance conditions (PDF)
Last verified:
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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 →