Occupational disability insurance

Financial provision in the event of occupational disability

Payment of a monthly occupational disability pension

Securing your standard of living in the event of loss of income

What is occupational disability insurance (OD)?

Disability insurance (OD for short) pays a monthly pension if you are no longer able to work in your current job due to illness or an accident. This can compensate for loss of income and help you maintain your standard of living.

Your benefits

Why is occupational disability insurance (OD) a good idea?

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When are you considered unable to work?

You are considered unable to work if:

you are unable to pursue your current occupation for six months
and your ability to work is reduced by at least 50%.

Allianz provides benefits in the event of occupational disability due to illness, physical injury, accident or need for long-term care.

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The most common reasons for occupational disability

One in five Austrians is affected by occupational disability (source: Ministry of Social Affairs).

According to the 2025 Annual Report of the Austrian Social Insurance System, the most common reasons for disability, occupational disability and incapacity to work were:

mental illnesses and behavioural disorders
Diseases of the musculoskeletal system and connective tissue
Neoplasms (e.g. tumours)
Diseases of the circulatory system
Diseases of the nervous system and sensory organs
Diseases of the respiratory system

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Occupational disability: The legal regulations

Employees who are unable to work due to illness or accident are generally entitled to a state pension in Austria. However, certain minimum insurance periods apply. Detailed information: www.pv.at

Depending on the occupational group, there are different terms for this:

Disability pension: Can be applied for by employees
Disability pension: Applies to workers
Disability pension: Can be claimed by self-employed persons

Statutory OD

Entitlement only if certain insurance periods have been completed
Entitlement only if no activity on the labour market is reasonable anymore
Strict regulations and inspections
Pay often too low to maintain accustomed standard of living

Private OD

No minimum insurance periods; insurance cover is provided from day one.
Payment is made as soon as the current occupation can no longer be pursued – regardless of whether another occupation is reasonable (waiver of abstract referral).
Flexible choice of pension payment amount

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

Disability insurance protects your ability to work. It provides financial protection if you are unable to work for a certain period of time or permanently due to physical or mental illness or an accident. Basic disability insurance provides 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).

To basic disability insurance

Costs for occupational disability insurance

Case study 1

Max Mustermann (36) studied business administration and is a purchasing manager at a large retail company. His gross annual income is € 50,000. He has two children (aged one and three) and his family is dependent on his income, which is why he has taken out occupational disability insurance until he reaches the standard retirement age. He has opted for a pension of € 1,500 per month in the event of occupational disability or long-term care.

Monthly premium for Allianz occupational disability insurance: € 84,81

Case study 2

Maria Musterfrau (45) has started her own business as a tax advisor. Her gross annual income is € 70,000. She is a single parent to a daughter (12 years old). As the sole breadwinner, she wants to provide for her family and takes out occupational disability insurance for a term of 20 years. She has opted for a pension of € 2,000 per month in the event of occupational disability or long-term care.

Monthly premium for Allianz occupational disability insurance: € 103,53

Frequently asked questions about occupational disability insurance

What is occupational disability?

Occupational disability is the inability to perform one's last occupation for a certain period of time or permanently. Persons who are unable to perform their previous occupation for at least six months or permanently to at least 50% or not at all are considered occupationally disabled. Occupational disability can be caused by illness, physical injury, accident or the need for care.

What is the difference between occupational disability and incapacity for work?

Being considered unfit for work does not necessarily mean that you are unable to work. You are considered unfit for work if you are no longer able to perform your last job sufficiently (at least 50%). However, you are only considered unable to work if you are no longer able to perform any professional activity to a sufficient extent.

What is the abstract right of referral?

The abstract right of referral enables statutory occupational disability insurance to require the insured person to take up another occupation in the event of occupational disability. In this case, no occupational disability pension is paid. Allianz waives this abstract right of referral. The obligation to pay benefits begins as soon as occupational disability occurs!

Who pays in the event of occupational disability?

In the event of permanent occupational disability and if certain criteria are met, the statutory occupational disability pension is paid. However, the insurance benefit is often too low to cover the loss of income. Private occupational disability insurance provides additional financial security with less stringent requirements.

How much should my occupational disability insurance cover?

The amount of your occupational disability insurance is based on your net income. Ideally, private occupational disability insurance and statutory benefits together should cover 80% of your previous net income. However, in order to receive at least the necessary protection in an emergency, statutory and private occupational disability insurance should cover at least 50% of your net income.

Who should take out occupational disability insurance?

Occupational disability is one of the biggest financial risks. It therefore makes sense for all working people to take out insurance. However, occupational disability insurance is particularly worthwhile for the following professions: Doctors, mechanics, watchmakers, tennis players, physiotherapists (e.g. osteoarthritis) tile layers, floor layers, professional footballers (e.g. knee osteoarthritis) bakers (e.g. baker's asthma) nursing professions; Professions involving heavy lifting, sedentary professions (e.g. slipped discs) Managers, managing directors, but also self-employed and working people in general (e.g. burnout) Scaffolders, roofers, miners, pavers, butchers (e.g. accidents)

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