Loss of working
capacity insurance

Work incapacity insurance is designed to ensure a source of livelihood for a period when a person cannot earn a living in the way he or she would normally, as a result of an accident or illness. The insurance actually provides a replacement for the monthly salary, up to 75% of the last salary. There are a number of situations in which disability insurance is activated: when a person is unable to work at all, when a person is unable to work in their profession, when they are unable to work in a profession appropriate to their education and status and more. Depending on the situation, the monthly compensation rate is set, up to a ceiling of 75%. Work incapacity insurance policies can be purchased, or as coverage under a pension plan such as Executive insurance or a pension fund.