Tax-exempt amount if you are diagnosed with a critical illness
If you become seriously ill, the foundation of you and your family’s life is disrupted. The cover for certain critical illnesses will provide a tax-exempt amount which you can spend in any way you want. For example, you can pay any additional expenses in connection with your illness and make it easier for you and your family to get through a difficult time.
Insurance providing financial flexibility in tough times
The cover for certain critical illnesses will provide financial flexibility if you are diagnosed with a serious illness such as cancer, cardiovascular disease, etc.
The insurance provides:
- more financial security for you and your family
- a lump sum if you become seriously ill - up to DKK 675,000 (2022)
- full right of disposal as you decide how to spend the money
- the possibility of taking out the insurance for your children
More about insurance
If you are diagnosed with a critical illness, we recommend that you contact us as soon as possible – and when you receive a letter from the Danish National Board of Health at the latest. We can then quickly find out whether your illness is covered by your insurance and if you are entitled to a tax-exempt lump sum.
For the disbursement of the lump sum, it is irrelevant whether the illness has caused your earning capacity to be reduced or not.
Insuring your children
If your pension scheme is established through your employer, the employer may allow you to take out cover for certain critical illnesses for your children. This means that they are also covered in the event of critical illness. However, insurance benefits will be disbursed to you.
When you take out the insurance, it automatically covers all of your children until they reach the age of 24. Your spouse's/cohabitant's children may also be covered.
The cover for children includes the same illnesses as for adults, but they are not required to provide health information.
List of critical illnesses
Your insurance conditions, which you will find at Netpension, set out the exact conditions to be met in order to receive cover for certain critical illnesses.
At this point, the following diagnoses are covered by the insurance:
- Most malignant cancers (does not include less aggressive types of cancer)
- Coronary thrombosis (heart attack)
- Coronary artery bypass surgery or balloon angioplasty in at least two of the coronary arteries
- Chronic heart failure with severe symptoms during rest
- Cardiac valve surgery
- Aortic disease (disease of the aorta)
- Severe pulmonary embolism – requiring surgery
- Certain benign tumours of the brain and of the spinal cord – resulting in permanent injury
- Cerebral haemorrhage/cerebral thrombosis (apoplexy) with permanent injury extending beyond three months (TCI etc. is not included)
- Saccular outpouching of the arteries of the brain (intracranial saccular aneurysm) – requiring surgery
- Multiple sclerosis
- Amyotrophic lateral sclerosis (ALS)
- Parkinson’s disease (paralysis agitans) – diagnosed before age 60
- Consequences of encephalitis or meningitis – resulting in severe neurological sequelae
- Spinal muscular atrophy
- Myasthtenia Gravis
- Creutzfeldt-Jakob disease (CJD)
- HIV infection resulting from blood transfusion or work-related HIV infection
- Major organ transplants (heart, lung, liver, pancreas or bone marrow)
- Kidney failure – resulting in haemodialysis or kidney transplant
- Third degree burns, caustic burns or frostbite
- Incurable disease with short remaining life expectancy (terminal cover)
In order to receive the cover for certain critical illnesses, you need to be diagnosed with one of the illnesses covered by your insurance.
Are you in doubt about what diagnoses are covered by your cover for certain critical illnesses? You can see a list of diagnoses in your insurance conditions at Netpension – and you are, of course, always welcome to contact us if you need guidance.