Group life insurance
When should you consider a group life insurance?
- When you start a new job
- When you have a life partner
- When you have children
- When you decide to buy insurance or take out a loan
What is group life insurance?
When you are covered by a group life insurance, your surviving relatives are guaranteed to get a one-time payment upon your death, regardless of the cause of death. The insurance is a part of your salary conditions, and is in effect 24 hours a day.
Who gets group life insurance
- Your employer must have group life insurance in the Norwegian Public Service Pension Fund for your surviving relatives to receive compensation.
- Through your collective wages agreement and your salary conditions, your spouse, partner, cohabitant and/ or children are guaranteed a one-time payment if you die.
- Your cohabitant receives compensation if you have shared an address for two years, or have a shared house and common children.
- You are included in the group life insurance as long as you are in a salaried position.
- You are also insured when you are on paid sick leave or on tariff agreed parental leave.
- You are covered for up to one year's unpaid leave, as long as you do not have other salaried work or begin your own business.
- If you leave your job to receivea disability pension, you are still covered by the group life insurance for two years after you begin to receive disability pension.
- If you begin to receive a contractual pension or retirement pension, the insurance ceases.
- You are insured 24 hours a day, and payment is regardless of the cause of death.
How to apply
Your employer will send a notification of death to the Norwegian Public Service Pension Fund. Any surviving relatives will be contacted by the Norwegian Public Service Pension Fund.
Calculation and amount
- Your spouse, registered partner or cohabitant receives a one-time payment equivalent to 10 times the National Insurance Scheme's basic amount (G).
- Children who are under 25 receive a 4 G equivalent. If there is no surviving spouse, partner or cohabitant, the payment to each individual child increases to 5 G.
- Your estate receives 3 G, if there are no surviving relatives who can claim payment.
Find out more about group life insurance
Contact your immediate superior or the pensions officer at your place of employment. They can tell you if you are covered by the group life insurance.