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Disability insurance

This English translation exclusively serves informational purposes. Solely the German version is binding.
Financial provision in the event of loss of physical or mental capacity
Payment of a monthly pension to maintain the standard of living
Affordable alternative to occupational disability insurance
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What is disability insurance?

Basic disability insurance, also known as physical disability insurance, provides protection against the financial consequences of losing basic physical or mental abilities such as walking, grasping, seeing, hearing or speaking. The payment of an agreed monthly pension can be used to compensate for loss of income, pay for carers or cover medical treatment.
Your benefits

Why get a disability insurance?

Financial security

We will pay you an agreed monthly pension if you lose certain abilities

Physical & mental abilities covered

Clear regulations for impairments of basic abilities and serious illnesses

For physically demanding occupations

Physical accident insurance is particularly useful in occupations involving predominantly physical activities

Full insurance cover from day one

You are fully insured from day one, with no waiting period

Exemption from premium payments

In the event of death due to an accident, funeral expenses are covered

Alternative to occupational disability

Basic disability insurance applies regardless of whether you are still able to work or not

That is why a disability insurance makes sense

Walking, grasping, seeing and hearing are things we take for granted as long as we are able to do them. However, if you lose one of these basic abilities, you may no longer be able to work or you may need a carer to help you cope with everyday life. Basic ability insurance is worthwhile because it protects you from the financial consequences of losing certain abilities.

What are the basic skills?

With our comprehensive personal accident insurance, you can protect yourself against the financial consequences of losing the following basic abilities:

  • Senses: sight, speech, hearing, balance
  • Motor skills: walking, sitting, standing, using an arm, using a hand, kneeling or bending, lifting/carrying, grasping/holding, writing
  • Mental abilities: intellect, memory
  • Mobility: Driving

In addition, basic disability insurance also applies in the event of a serious illness such as cancer, a heart attack, a stroke, multiple sclerosis, coma or paraplegia.

Who is disability insurance suitable for?

Basic disability insurance is advisable for everyone, as impairment of an essential physical or mental ability often results in financial expenses or the inability to continue working. However, it is particularly advisable for:

  • People who mainly perform physical activities in their job
  • Professional athletes
  • Artists
  • People with an increased risk of accidents due to their occupation

Disability: the legal provisions

As an employee, you are generally entitled to a state disability pension in the event of disability. However, this only applies in the case of permanent disability. To receive this, you must submit an application for determination of disability. However, the amount of the state disability pension is usually too low to cover the monthly costs of housing, energy, food and other obligations. In addition, the state disability pension usually has to be reapplied for every two years. If you have a temporary disability, you will not receive a state disability pension, but rather rehabilitation benefits. Medical and occupational rehabilitation measures will be taken to try to reintegrate you into the workforce.

Difference between basic disability insurance and occupational disability insurance (OD)

Basic disability insurance is financial protection in the event of the loss of specific abilities. The insured event is independent of whether you are still able to work or not. Physical disability insurance is therefore an inexpensive alternative to occupational disability insurance (OD).

Occupational disability insurance (OD) insures your ability to work. It protects you financially if you are unable to work for a certain period of time or permanently due to physical or mental illness or an accident.

Costs for a disability insurance

Case study 1

Martin Muster (35) works as a tiler. As he has a physically demanding job, he wants to insure certain basic abilities. He decides to take out comprehensive insurance with a contract term of 30 years. If he does lose a basic ability, he wants to receive a monthly pension of € 1,000. In addition, he would like to receive a lump sum payment of € 12,000 in the event of serious illness.

Monthly premium for Allianz basic ability insurance: € 73,93

Case study 2

Maria Muster is 25 years old and works full-time as a truck driver. She knows from her colleagues that many of them will not be able to continue sitting for long periods of time until retirement. She is therefore already taking precautions with a comprehensive insurance policy. She chooses a term of 35 years and a monthly payout of €900 in the event of a claim. Ms Muster does not want a lump sum payment in the event of serious illness.

Monthly premium for Allianz basic disability insurance: € 24,12

Frequently asked questions about disability insurance

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