Security Insurance
When you need additional security
Secure your income against:
- Accidents and illness
- Hospitalization
- Involuntary unemployment
Insurance covered by Maiden General Försäkrings AB
Why do you need Security Insurance?
Saldo Security insurance is a voluntary insurance that provides compensation for loss of income in the event of involuntary unemployment, temporary incapacity for work and hospitalization lasting longer than 14 days as a result of accidents or illness. The purpose of the insurance is to cover specific actual costs. Examples of such fixed costs can be rent or condominium fee, home insurance, telephone/internet/TV, household electricity, parking space rent and vehicle tax.
Who does the insurance apply to?
The following requirements must be met at the time of application in order for you to be connected to the insurance:
you have turned 18 but not 64,
you are at the time of application either
permanent employee,
temporary employee with a contract period of at least twelve months, or
self-employed and member of an unemployment fund,
with a working time of at least 17 hours/week,
you are fully fit for work,
you are permanently resident and registered in Sweden.
All prerequisites as stated above must be met, otherwise the right to insurance compensation may be suspended in whole or in part and the insurance may be terminated.
Where does the insurance apply?
The insurance applies when you are staying outside the Nordic countries (Sweden, Norway, Finland and Denmark) for less than six months. If you move to a country outside Sweden, the insurance ceases to apply. Stays outside the Nordic countries are not considered to be interrupted due to temporary visits to the Nordic countries for medical appointments, hospital care, business trips, holidays or the like.
Insurance premium and payment
The monthly insurance premium amounts to 6.5 percent of the selected insurance amount. The premium is notified monthly in advance by Saldo and must be paid in the manner stated in the policy. The premium is considered paid when it is received by Maiden General Försäkrings AB. The monthly insurance premium is shown in your insurance policy.
Claim report
On behalf of the insurer, all claim settlement is handled by Sedgwick Sweden AB. You need to notify Sedgwick in writing of your compensation claim as soon as possible. The claim report is available for printing on Sedgwick's website https://intake.sedgwick.com/u/Maiden/maiden-sv . You can also order a claim form on telephone number 08-98 33 60 or e-mail personskador@sedgwick.com. You must submit all documents requested by Sedgwick on behalf of the insurer, in order to assess entitlement to compensation.
What does the insurance cover and what doesn't?
Here you can read what the different parts of the insurance cover. This is a brief description and in some cases examples of what is and is not reimbursed. You can read exactly what is included in the full terms and conditions found at www.saldo.com/se-sv/tjanster/saldo-trygghetsforsakring.
Temporary incapacity for work (sick leave) for at least 30 days
What are you compensated for?
Temporary incapacity for work (sick leave) due to an accident or illness according to a doctor's certificate and which leads to the payment of social insurance compensation from Försäkringskassan.
The size of the reimbursement
Provided you meet the other conditions, 50 percent of the insurance amount is paid for 50 percent sick leave, 75 percent of the insurance amount for 75 percent sick leave, and for full sick leave you receive the entire insurance amount. Compensation is provided from day 15 provided that you have been on sick leave in whole or in part for at least 30 days and is calculated per day (1/30) and according to the percentage of the sick certificate.
What is not reimbursed?
Consequences of a medical treatment that is not medically justified or has not been requested by a licensed healthcare professional, such as plastic surgery that is not reconstructive surgery.
For incapacity for work that is due to illness, discomfort, injury or functional impairment that has either demonstrated symptoms, or if there was knowledge of it previously or that a diagnosis could be determined, within the course of twelve months before the insurance began to apply, the qualification period is extended to twelve months. This clause applies even if a diagnosis or cause has not been established.
Involuntary unemployment
What are you compensated for?
The conditions vary depending on the type of employment you had before you became involuntarily unemployed: whether you had permanent employment, limited-term employment or whether you were self-employed. A full description can be found in the insurance conditions.
The size of the reimbursement
Provided that the hospital stay lasts longer than 14 consecutive days and that you have been covered by the insurance for 30 days (qualifying period), the insurance provides a one-off compensation corresponding to the selected insurance amount.
What is not reimbursed?
For incapacity for work that is due to illness, discomfort, injury or functional impairment that has either demonstrated symptoms, or if there was knowledge of it previously or that a diagnosis could be determined, within the course of twelve months before the insurance began to apply, the qualification period is extended to twelve months. This clause applies even if a diagnosis or cause has not been established.
Hospital stay for at least 14 days
What are you compensated for?
Hospital stay as a result of an accidental injury or illness lasting longer than 14 days.
The size of the reimbursement
Provided you have been involuntarily unemployed for 30 days (waiting period), compensation is provided from day 15 of your involuntary unemployment. The compensation is for each day that you are involuntarily unemployed 1/30 of the insurance amount, but no more than SEK 10,000 per month. For each consecutive period of involuntary unemployment, compensation is paid monthly for a maximum of 365 days.
What is not reimbursed?
Your employment must have ended completely and you may no longer perform any work for compensation, which also means that the unemployment must be full-time. Unemployment is not full-time if you work part-time or half-time during the unemployment period. Unemployment is not involuntary if you have terminated your employment yourself, or if it has otherwise ended with consent.
Good to know about the insurance
Cannot find answer to your question?
Contact usQualification time
The policy has a qualifying period, that is the period for which you must have been covered by the policy to be eligible for insurance compensation in the event of temporary incapacity, involuntary unemployment or hospitalization. For temporary incapacity for work and hospitalization, the qualification period is 30 days from the start date of the insurance and for involuntary unemployment 90 days from the start date of the insurance. This means that no compensation is paid if unemployment, hospitalization or incapacity for work begins during the qualifying period or if notice of termination of employment is received before the qualifying period is over.
Withdrawal period
The period for which the policy must be valid and an uninterrupted period of incapacity for work, involuntary unemployment or hospitalization that must elapse before you are entitled to insurance compensation. The cooling-off period is 30 days from the time the injury occurred, both for temporary incapacity and for involuntary unemployment. For hospitalization, the waiting period is 14 consecutive days.
Incorrect or incomplete information
If you or someone else who requests compensation from the insurer after an insurance event has intentionally or through gross negligence incorrectly stated, concealed or hidden something of importance for the assessment of the right to compensation from the insurance, the compensation that would otherwise have been paid can be reduced according to what is reasonable in the circumstances.
Right of withdrawal
After you have received the policy, you have the right to cancel your subscription to the policy within 14 days. In that case, you must notify the group representative or the insurer about this within the end of the 14-day period.
Insurance period
The insurance period is one month and the insurance is automatically renewed every month unless the insurance is canceled by you or the insurer in accordance with the provisions of this condition.
When does the insurance expire?
The insurance ceases to apply:
the first day of the month after you turn 67,
when you retire or start drawing a pension and work less than 17 hours per week,
if you receive an annuity or similar compensation,
if the insured dies,
if the policy is canceled by you or the insurer, see below,
if you move abroad and/or cease to be covered by the Swedish Social Insurance Agency and/or are no longer registered in Sweden.
How do you terminate the insurance contract?
You have the right to terminate the insurance at any time. In that case, the insurance and the requirement for premium payment ceases at the end of the insurance period.
The insurer has the right to cancel the insurance at the end of the insurance period with 30 days' notice. The insurer also has the right to terminate the insurance during the insurance period only due to non-payment of premiums or if you have provided incorrect information which has led to you being granted insurance cover on incorrect grounds. The insurer's termination must always be in writing. Tact Finance AB has the right to terminate the group agreement in accordance with what was agreed in the group agreement. Such a termination results in all insurance ending on the day specified in the termination, however no earlier than one month from the date of termination.