Why do you need disability insurance?
When you have been ill due to injury or illness for more than 12 months, you move from receiving sick pay from your employer to receiving work assessment allowance from NAV. For most people, this results in a significant loss of income and consequently a reduction in their standard of living. Support from NAV is then reduced from sick pay corresponding to full salary, to an income corresponding to only 66 percent of your previous salary, up to an annual income of NOK 780,960 (6G).
Disability insurance provides you with a monthly payout, also called a disability pension, if you become unable to work – regardless of the cause. It is paid out after 12 months of sick leave and continues for as long as you are ill. The insurance can be purchased from the age of 18 to 50 and can be kept until you turn 67.