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Occupational disablement insurance (Disability
insurance)
It is possible to obtain a private policy in regard to the many risks of everyday life. Private insurances are
tailored to the needs of the individual. They are applied for and signed on a voluntary basis. Arranging
for an occupational disablement insurance is voluntary.
This insurance secures your standard of living if you can not longer work due to ill health and therefore
can no longer expect any further income from your regular work on a long-term basis. The legal old age
pension insurance has been established as an “acquisition reduction pension”, to which a legally pensioninsured
person only has an entitlement after 60 compulsory contributions to the legal old age pension
(insurance) scheme. The amount of the legal benefit is evaluated in regard to your past income and your
remaining work capability: If you can work for less than 3 hours daily in any activity on the job market,
approx. 30% of your gross income is to be lawfully expected after fulfilment of the waiting period. The
difference to your past net income represents the so-called "Versorgungslücke" (supply deficit). This
secures the disability insurance. An exceeding insurance is not permissible, therefore a detailed
consultation is recommended. It is likewise important to be informed about the experience of the
respective insurer concerning your work inability. The occupational disablement insurance can be agreed
upon both as made up solely of risk components or in combination with a capital stock in which the
contributions are returned towards the end of the insurance period: including profit-sharing.
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