Work can stop.Income shouldn’t.

BonusLeben is an employer group insurance scheme. It protects the income of employees who can no longer carry out their occupation because of ill health or an accident, with a monthly benefit followed by a lump sum in the event of permanent occupational disability.

Companies can insure clearly defined groups of employees. The options depend in particular on group size, occupational profile and the desired level of cover.

There is no individual medical underwriting for group cover with monthly occupational disability benefits of up to €20,000. To the best of their knowledge, the employer confirms three points: employees are physically and mentally able to do their work; in the past twelve months they have not been unable to work due to illness or accident for more than 20 consecutive working days; and during that period they have not changed their working hours, duties or workplace for health reasons. If these points cannot be confirmed, we discuss admission with the insurer. An existing occupational disability cannot be newly insured.

You agree a monthly occupational disability benefit to suit your workforce. In the event of a claim, we pay the insured benefit, capped at 75% of current gross salary and €20,000 per month. For example, with a gross salary of €3,000 and an insured benefit of €1,000, the monthly payment is €1,000.

If illness, an accident or a decline in physical or mental capacity beyond what is normal for their age leaves an employee able to perform their most recent occupation at only half their previous capacity or less, monthly benefits begin after the waiting period. The standard is 180 days; other waiting periods can be agreed. Monthly benefits do not require an additional minimum prognosis period. The employee is not required to take up a different occupation.

Monthly benefits continue during occupational disability for up to ten years, but no later than the employee’s 68th birthday. If a subsequent medical assessment confirms permanent occupational disability, a lump sum of up to ten times the annual benefit follows, limited to the remaining years until age 68. For example, occupational disability at age 50 means ten years of monthly benefits followed by a lump sum equal to eight annual benefits. Ongoing benefits stop when the employee returns to work. A lump sum already paid is not reclaimed if the employee later recovers.

The employer funds the agreed cover. Depending on the company’s scheme, employees can increase it at their own expense.

Employer-funded cover ends when the employee leaves the company. Continuing the cover privately is possible.

The policy initially runs for one year and generally renews for a further year at a time. Both parties have cancellation rights under the agreed terms. The insurer can cancel with three months’ notice before the end of the insurance year.

As little as possible. BonusLeben supports pricing, implementation, employee communications, enrolment and ongoing administration. Responsibilities are agreed with the company.

You can start with an employer budget of €20 per employee per month. We calculate the benefit this budget provides based on group size, age, occupations and the waiting period. For a tailored quotation, we need the age profile and salaries or desired insured amounts. An initial 15-minute conversation establishes your goals and the next steps.