Staying fit and healthy is important. This applies both now as well as 10 years from now. Maastricht University (UM) offers facilities to ensure an optimal balance between work and private life in the long term. However, there is no guarantee you will always be able to work. Not only can you get sick, an accident can happen at any time. Accidents and illness can have a big impact on your future financial situation, and your income could even drop as low as the level of social security. And it could happen to you. If you suddenly become partially or fully disabled for work. That is why UM has taken out collective occupational disability insurance (AOV) to protect your income.
As an employee with a temporary or permanent employment contract (excluding on-call workers), you are automatically insured for partial disability free of charge. UM has taken care of that for you. Do you also want to be insured in the event you become fully disabled? Then you can extend your cover with a collective discount of 27% on the monthly premiums.
Up to 1-5-2021 there is no medical check for UM employees
See below for details of the AOV cover offered by Loyalis, the promotion period, and the conditions
The animation shows the most common situation and is spoken in Dutch.
If you are an employee of UM and would like to apply for supplementary insurance for full disability (AOV) before 1-5-2021, then you won't have to answer any health questions. This is called ‘clean acceptance’. It is a big advantage, because you go through the application process much quicker.
Are you currently ill and unable to work? Then you can still apply for this insurance 'no questions asked' until 1-5-2021. There are two possible situations:
Also see the policy conditions.
If you become disabled for work, in certain situations you might be entitled to receive benefits under the Work and Income (Capacity for Work) Act (Werk en Inkomen naar Arbeidsvermogen, WIA). And you might also get a top up on your income from your pension fund. But that doesn't mean every financial risk has been covered. Especially if you become partially disabled, your income could fall dramatically. After a period of time, you might only be left with an amount equivalent to social security. Luckily, you are properly insured against this possibility under the collective occupational disability insurance of Loyalis, especially for UM.
If you are declared partially disabled, and your residual earning capacity is less than 50%, then you could lose the accrual of pension entitlements. Since 1 November 2020, in this situation you will still be entitled to a supplementary accrual of pension entitlements as an employee of UM. This means that if you fall ill on or after 1 November 2020, you will still continue to accrue the same amount of pension entitlements as somebody who is declared fully disabled. You will receive 50% of the normal accrual of pension entitlements as an active participant in the pension scheme. In addition, UM has agreed a fixed, annual indexation with Loyalis of 1% for benefit payments as of 1 November 2020.
Example of benefit payable during partial disability (35%-80%) without work
Example of benefit payable during permanent and full disability (80%-100%)
The above is a simplified representation of the actual situation. The figures are based on an income over the maximum daily wage (€58,145 gross per year as of 172020, see uwv.nl). Up to and including week 39, employees of UM will continue to get 100% of their salary. From week 40 to week 104, they will get 76%.
Want to check your personal situation? Go to loyalis.nl/risicoscan
You can insure yourself with us under favourable conditions if:
You cannot take out this insurance if you are an on-call worker with a zero hours or min/max contract.
When does the insurance cover start?
After you have applied for the insurance (online), you are immediately insured in the event of occupational disability as a result of an accident. You will be insured under the policy conditions if you have received your policy from us (within 8 working days*).
*Medical questions can be part of our acceptance process. It may then take longer for you to receive your policy and for your insurance to take effect. Please note: during promotion periods (currently 1-11-2020 to 1-5-2021) or within six months after the commencement of employment, no medical questions will be asked.
We will only ask you a number of health questions if you have been employed for more than six months (not including clean acceptance promotion periods). Why? Understanding your health helps us to properly assess the risk we insure. Sometimes a lot of money is involved, because we are paying you until you retire. For example: if you become occupationally disabled at the age of 25, you will receive a benefit from us for about 40 years. This could easily be an amount of around €300,000. If we need more information about your health, it may take a little longer for your insurance to take effect. Read more about our medical process.
Applying for this insurance if ...
Please also see the policy conditions.
Thanks to the collective agreements UM has made with Loyalis, you will get a 27% collective discount on the supplementary cover for full occupational disability. Because UM deducts the premium for full disability insurance from your gross salary, employment benefits such as an end-of-year bonus or a company car have already been taken into account. You pay a net monthly amount, which gives you a direct taxation advantage. That is why you can't deduct the premium on your income tax return.
You pay 0.2847%* of your gross salary for full disability coverage. As an indication, for a gross annual income of €50,000, the premium for full occupational disability cover would be: €50,000 (annual income) x 0.2847% = €142.35 gross per year / 12 » €11.86 gross per month (net indicative €7.35 per month). We calculate this premium in accordance with the rules of the Tax and Customs Administration.
Want to know what your premium would be?
Use the following formula: annual income (gross) x 0.2847% = premium per year (gross) / 12 = premium per month (gross) which is deducted from your (gross) salary.
We will deduct a one-off fee of €40 for selling expenses after you receive your policy. These expenses are not tax deductible. You can read about how these expenses are incurred in our financial services document.
*These percentages can change due to legislation and collective labour agreement changes. The premium also depends on your sector (discount) and type of employment contract.
Are you being ill for a longer time? You do not have to contact Loyalis yourself. You are already in contact with UM's HR department about your absence and illness. They are aware of the steps to be taken. If you have been declared ill for a longer time, they will pass this information* on to the Loyalis specialists. You will be notified.
* UM will only share contact details of employees with Loyalis after explicit permission from the employee at the moment that a future claim under this insurance could be applicable.
Smart choice! More than 800 colleagues have already gone before you!
You can make an application for extra cover with the digital form via the button. Our specialists will then process your application as quickly as possible. You will only get a policy for the supplementary cover you have chosen. If you decide to upgrade to 'comprehensive cover', you will be insured for both partial and full occupational disability. The different types of coverage do not influence any future benefit payments.