Insurance

Occupational Group Life Insurance (TGL) is life insurance which the employer pays for.

If an employee covered by the insurance decease, the beneficiaries receive a basic amount from the insurance corresponding to a maximum of 6 price base amounts. The number of price base amounts paid out decreases with rising age.

However, there is one exception; the basic amount always comprises 6 price base amounts if the deceased employee has a child below the age of 17.
If the employee at the time of their death has a child below the age of 20, a child supplement will also be paid. If there are several children under 20, multiple child supplements will be paid - one to each child.

The insurance you receive automatically from the state is called statutory insurance and includes your national basic pension and sickness benefits from the social insurance office.

As an employee you also have contractual insurance, which is insurance that your employer pays for under collective agreements, such as occupational group life insurance, supplementary pension, and personal accident insurance during work hours.

Unfortunately, these forms of insurance will not give you enough protection the day something happens.

In addition to your statutory and contractual insurance protection, you can purchase group insurance and individual insurance. These are both voluntary forms of insurance that you pay for yourself.

Group insurance offers basic financial protection as a complement to your statuory bargained agreements. Today approximately 2.5 million people in Sweden are covered by some form of group insurance plan.

For a reasonable amount each month you can purchase insurance protection that others have to pay considerably more for.

And it´s simple. No matter where you stand in life. Regardless of your family situation, Skandia offers you group insurance that suits your specific needs.

To get group insurance, you need to be registered in Sweden, have a Swedish social security number and be fully able to work.