MA Income Protection
MA Income Protection is individual income protection insurance from Magistrenes A-kasse (MA). Requirements: membership of MA. It covers up to 80 % of salary with 1,000–30,000 DKK/month additional unemployment benefits.
- Provider
- Magistrenes A-kasse (MA)
- Type
- Unemployment insurance fund – individual scheme
- Requires
- Membership of MA
- Insurance company
- AmTrust (administered by Marsh)
- Maximum overall coverage
- 80 % of salary
- Maximum supplementary payment
- 30,000 DKK/month
- Minimum supplementary payment
- 1,000 DKK/month
- Waiting period
- First payment after 60 days of unemployment (covers one month), then daily basis
- Qualifying period
- 9 months (24 months in the case of fixed-term work)
- Payment period
- Maximum 12 months (3 months at the end of the contract)
- Age
- Can be drawn to 60 years - covers until the end of the month you turn 67
- Minimum salary
- 30,100 DKK/month
- Price
- The premium is 3.06% of the chosen monthly allowance
Price examples from the provider
- Maximum coverage 8,359 DKK/month: 232.40 DKK/month before tax (173.97 DKK after deduction of 25.6%) - MA's example
- Graduate (half price): salary DKK 33,000, DKK 5,000 for 6 months ≈ DKK 78/month (DKK 58 after tax)
- Graduate (half price): salary DKK 34,000, DKK 6,000 for 6 months ≈ DKK 93/month (DKK 70 after tax)
Additional terms
- Graduate-income protection insurance: half price for the first 12 months, max. 6,000 DKK, 6 months qualification - must be drawn no later than 12 months after completion of training
- GL members: gross wage min. DKK 35,055 to draw DKK 1,000 (MA's example)
Sickness coverage
Payment will continue unchanged if you become ill during unemployment
Tax deduction
Tax-deductible
Sources
Last verified:
Related policies
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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 →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 →