Income Protection Insurance

The insurance applies to you in your capacity as a member of your trade union. You must also be a member of an unemployment insurance fund.

Apply for compensation from the insurance by reporting unemployment..

To receive compensation from the insurance, you must have been a member of the union, without interruption, for the last 12 months prior to commencement of unemployment. The start of unemployment refers to the day on which you have your first qualifying day with the unemployment insurance fund or start your unemployment insurance fund period with activity support.

The compensation, along with the unemployment insurance fund, corresponds to up to 80 per cent of your qualifying income that exceeds the income ceiling applied by the unemployment insurance fund, currently SEK 34 000 per month.

A standard deduction is then made, corresponding to the tax according to tax table 30, column 5. The compensation that is paid is tax-free.

If you receive other income-related compensation, payable on the grounds of unemployment, this may reduce the amount of compensation you receive from the insurance.

One compensation day in the income protection insurance corresponds to one compensation day from the unemployment insurance fund.

If you only have your union’s income protection insurance, you do not need to notify us of any changes in income. If you have taken out the Voluntary Supplement, on the other hand, you should make sure that you are properly insured (corresponding to your unemployment insurance fund qualifying income). This is to ensure that the compensation in the event of unemployment is correct.

If you have been a member of the union for at least twelve months and have become unemployed when in receipt of a qualifying income in excess of SEK 34 000 per month, you can receive compensation from the insurance.

You must also be involuntarily unemployed and entitled to a compensation period of 300 days, starting at 80 per cent compensation from the unemployment insurance fund.

No, if you stop your work at your own request, you will normally not receive any compensation from the insurance. In cases where the unemployment insurance fund considers that you have had an acceptable reason to resign, compensation may still be paid.

Yes, the insurance also applies to those who have their own business.

Yes, you can receive compensation if you are receiving activity support.

Yes, provided you are not already covered up to 80 per cent of your previous salary under the security agreement. Compensation from a readjustment agreement is coordinated with the compensation from the unemployment insurance fund and the income protection insurance, so that the total compensation is in line with unemployment legislation.

No, you do not pay tax on the compensation from the insurance.

The insurance expires on the first day of the month in which you turn 66 years of age. The insurance ceases to be valid prior to this if your union’s agreement with Folksam expires or you leave the union.

By law, you cannot receive as much in unemployment benefits as in salary; the maximum is 80 per cent.

To be eligible for compensation, you must have been a member of the union for the previous twelve months. If you have been covered by another union’s income protection insurance, this time can be credited to the qualifying period, provided that the membership of the previous union directly precedes joining the current union. If you become unemployed before you have been a member of the union for twelve months, a certificate from your previous union is required.

Note If you become unemployed, you must start a new period of unemployment with the unemployment insurance fund (after joining your current union), which begins with qualifying days, in order to be eligible for compensation from the union’s income protection insurance. If you are continuing a compensation period that you have started in another union’s income protection insurance and/or another unemployment insurance fund, you cannot receive compensation.