Fresh offerings unveiled within the week's policy sphere
Swiss Life, a leading insurance provider, has announced the launch of an enhanced disability insurance policy tailored for part-time employees. The new policy is designed to provide benefits based on reduced work capacity, offering support to employees who face health impairments that limit their ability to work.
The policy covers employees who, due to illness or disability, have a reduced ability to work, even if they are part-time. It is essential to note that the policy requires a medically confirmed disability that impacts the employee's ability to work, regardless of their part-time status.
One of the key features of the new policy is the "favorable review" mechanism. This process involves a medical and administrative evaluation to confirm the continuing or initial eligibility of the insured individual to receive disability benefits. The review may include assessments of the employee's ability to perform their job functions, especially for part-time return-to-work scenarios.
The benefits are paid proportionate to the degree of disability and loss of income, and they compensate for the income loss attributable to the disability beyond the reduced working hours. The payments continue as long as the disability persists or until the successful reintegration into full or adjusted employment is possible.
Swiss Life's enhanced coverage also emphasizes gradual and structured workplace reintegration, often coordinated with the employee’s medical supervision and supported by vocational counseling and workplace adaptations. This approach aims to help employees return to work or find new suitable roles.
However, the policy does not specify the conditions under which the "favorable review" is triggered or the criteria for determining the number of hours a part-time employee can work daily to avoid the payment of disability pension. Additionally, the policy does not specify the type of health impairment that could qualify for disability pension payment or the conditions under which the disability pension will cease.
A case example provided by Stefan Holzer, Head of Insurance Production and member of the Management Board of Swiss Life Germany, illustrates the new policy's application. The case involves a part-time bank clerk who, due to a psychological illness, can only work 2.6 hours daily, resulting in a 35% disability level. Despite not reaching a 50% disability level, the bank clerk is eligible for disability pension under Swiss Life's new policy.
In conclusion, while Swiss Life's enhanced disability insurance for part-time employees does not provide explicit details about its policy, it is designed to support part-time workers with a favorable review mechanism ensuring benefits are adjusted fairly based on medical and vocational assessments. For precise policy details, one would typically consult Swiss Life policy documents or contact Swiss Life directly.
The new insurance policy by Swiss Life caters to part-time employees who, due to mental health issues, have a reduced ability to work. The policy includes a "favorable review" mechanism, which may involve assessments of the employee's ability to perform their job functions, especially for part-time return-to-work scenarios, and offers benefits based on the level of disability and loss of income, even in the context of health-and-wellness or mental health issues.
