Public Service Management Insurance Plan (PSMIP) Premium Rates
2025
Monthly PSMIP Premium Rates effective April 1, 2025
A 12-month premium holiday is in effect for the following benefits:
- Main Plan - Basic Life
- Main Plan - Supplementary Life
- Executive Plan - Basic Life
- Members of Parliament Plan - Dependant Coverage
A 12-month premium holiday will be extended for the following benefits:
- Main Plan - Dependant Coverage
- Main Plan - Accidental Death & Dismemberment
- Executive Plan – Dependant Coverage
- Members of Parliament Plan - Basic Life
- Members of Parliament Plan - Accidental Death & Dismemberment
- Judges Plan – Dependant Coverage
The premium rates for the following benefits have not changed:
- Main Plan - Long-Term Disability
- Executive Plan - Accidental Death & Dismemberment
- Executive Plan - Post-Retirement Life
- Members of Parliament Plan - Post-Retirement Life
- Judges Plan - Basic Life
- Judges Plan - Accidental Death & Dismemberment
- Judges Plan - Post-Retirement Life
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-75 | $0.00 | $0.00 |
| 76-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-75 | $0.00 | $0.00 |
| 76-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.00 | $0.00 |
| 26-30 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Accidental Death & Dismemberment (AD&D)
Rates are $0.00 per $25,000 unit (maximum 10 units)
(Premium Rate Holiday)
Long-Term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 of insured salary
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| Dependants’ | $0.00 | regardless of family status |
| Accidental Death & Dismemberment | $1.75 | for $250,000 of insurance |
| Post-Retirement Life | $1.45 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| Accidental Death & Dismemberment | $0.00 | for $250,000 of insurance |
| Dependants’ | $0.00 | regardless of family status |
| Post-Retirement Life | $2.40 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Dependants’ | $0.00 | regardless of family status |
| Basic Life | $0.334 | per $1,000 of insurance |
| Accidental Death & Dismemberment | $2.50 | for $250,000 of insurance |
| Post-Retirement Life | $3.40 | per $1,000 of insurance |
2024
Monthly PSMIP Premium Rates effective April 1, 2024
The premium rates for the following benefits have changed:
- Main Plan - Supplementary Life
- Executive Plan - Basic Life
- Executive Plan - Accidental Death & Dismemberment
A 12-month premium holiday is in effect for the following benefits:
- Main Plan - Accidental Death & Dismemberment
- Main Plan - Dependant Coverages
- Executive Plan - Dependant Coverages
- Members of Parliament Plan - Basic Life
- Members of Parliament Plan - Accidental Death & Dismemberment
- Judges Plan - Dependant Coverage
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.0255 | $0.0170 |
| 31-35 | $0.0255 | $0.0255 |
| 36-40 | $0.0425 | $0.0255 |
| 41-45 | $0.0680 | $0.0425 |
| 46-50 | $0.1190 | $0.0850 |
| 51-55 | $0.1870 | $0.1360 |
| 56-60 | $0.2975 | $0.2125 |
| 61-65 | $0.4930 | $0.3400 |
| 66-70 | $0.5695 | $0.4250 |
| 71-75 | $0.2635 | $0.2125 |
| 76-80 | $0.1870 | $0.1530 |
| 81 and over | $0.2805 | $0.2295 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.0192 | $0.0096 |
| 31-35 | $0.0192 | $0.0192 |
| 36-40 | $0.0240 | $0.0192 |
| 41-45 | $0.0384 | $0.0288 |
| 46-50 | $0.0624 | $0.0480 |
| 51-55 | $0.1104 | $0.0768 |
| 56-60 | $0.1680 | $0.1248 |
| 61-65 | $0.3456 | $0.2386 |
| 66-70 | $0.3849 | $0.2932 |
| 71-75 | $0.1901 | $0.1521 |
| 76-80 | $0.1152 | $0.0960 |
| 81 and over | $0.1728 | $0.1440 |
Dependant coverage
- Children only (Premium Rate Holiday)
- Spouse and Children or Spouse only (Premium Rate Holiday)
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.00 | $0.00 |
| 26-30 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Accidental Death & Dismemberment (AD&D)
Rates are $0.00 per $25,000 unit (maximum 10 units)
(Premium Rate Holiday)
Long-Term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 of insured salary
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.1008 | per $1,000 of insurance |
| Accidental Death & Dismemberment | $1.75 | for $250,000 of insurance |
| Dependants’ | $0.00 | regardless of family status |
| Post-Retirement Life | $1.45 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| Accidental Death & Dismemberment | $0.00 | for $250,000 of insurance |
| Dependants’ | $0.92 | regardless of family status |
| Post-Retirement Life | $2.40 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.334 | per $1,000 of insurance |
| Accidental Death & Dismemberment | $2.50 | for $250,000 of insurance |
| Dependant coverage | $0.00 | regardless of family status |
| Post-Retirement Life | $3.40 | per $1,000 of insurance |
2023
Monthly PSMIP Premium Rates effective April 1, 2023
A premium reinstatement & 15% rate decrease was applied to the following benefit:
- Main Plan – Basic Life
A 12-month premium holiday is in effect for the following benefits:
- Main Plan - Supplementary Life
- Main Plan - Accidental Death & Dismemberment
- Main Plan - Dependant Coverages
- Executive Plan - Basic Life
- Executive Plan - AD&D
- Executive Plan - Dependant Coverages
- Members of Parliament Plan - Basic Life
- Members of Parliament Plan - Accidental Death & Dismemberment
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.0255 | $0.0170 |
| 31-35 | $0.0255 | $0.0255 |
| 36-40 | $0.0425 | $0.0255 |
| 41-45 | $0.0680 | $0.0425 |
| 46-50 | $0.1190 | $0.0850 |
| 51-55 | $0.1870 | $0.1360 |
| 56-60 | $0.2975 | $0.2125 |
| 61-65 | $0.4930 | $0.3400 |
| 66-70 | $0.5695 | $0.4250 |
| 71-75 | $0.2635 | $0.2125 |
| 76-80 | $0.1870 | $0.1530 |
| 81 and over | $0.2805 | $0.2295 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-75 | $0.00 | $0.00 |
| 76-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Dependant coverage
- Children Only (Premium Rate Holiday)
- Spouse and Children or Spouse only (Premium Rate Holiday)
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.00 | $0.00 |
| 26-30 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Accidental Death & Dismemberment (AD&D)
Rates are $0.00 per $25,000 unit (maximum 10 units)
(Premium Rate Holiday)
Long-Term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 of insured salary
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| Accidental Death & Dismemberment | $0.00 | for $250,000 of insurance |
| Dependants' | $0.00 | regardless of family status |
| Post-Retirement Life | $1.45 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 | per $1,000 of insurance |
| Accidental Death & Dismemberment | $0.00 | for $250,000 of insurance |
| Dependants' | $0.92 | regardless of family status |
| Post-Retirement Life | $2.40 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.334 | per $1,000 of insurance |
| Accidental Death & Dismemberment | $2.50 | for $250,000 of insurance |
| Dependant coverage | $2.25 | regardless of family status |
| Post-Retirement Life | $3.40 | per $1,000 of insurance |
2022
Monthly PSMIP Premium Rates effective April 1, 2022
A 12 month premium holiday is in effect for the following benefits:
- Main Plan - Basic Life
- Main Plan - Supplementary Life
- Executive Plan - Basic Life
- Members of Parliament Plan – Basic Life
- Judges Plan - Basic Life
- Main Plan - AD&D
- Main Plan - Dependant Coverages
- Executive Plan - AD&D
- Executive Plan - Dependant Coverages
- Members of Parliament Plan - AD&D
Main Plan (employee-paid coverage)
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-75 | $0.00 | $0.00 |
| 76-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
| Age Group | Male | Female |
|---|---|---|
| Under 31 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-75 | $0.00 | $0.00 |
| 76-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Dependants’
- Children Only: $0.0 (Premium Rate Holiday)
- Spouse and Children or Spouse only (Premium Rate Holiday)
| Age Group | Male | Female |
|---|---|---|
| Under 26 | $0.00 | $0.00 |
| 26-30 | $0.00 | $0.00 |
| 31-35 | $0.00 | $0.00 |
| 36-40 | $0.00 | $0.00 |
| 41-45 | $0.00 | $0.00 |
| 46-50 | $0.00 | $0.00 |
| 51-55 | $0.00 | $0.00 |
| 56-60 | $0.00 | $0.00 |
| 61-65 | $0.00 | $0.00 |
| 66-70 | $0.00 | $0.00 |
| 71-80 | $0.00 | $0.00 |
| 81 and over | $0.00 | $0.00 |
Accidental Death & Dismemberment (AD&D)
Rates are $0.00 per $25,000 unit (maximum 10 units)
(Premium Rate Holiday)
Long-Term Disability (LTD) (cost-shared coverage)
$1.40 per $1,000 units of insured salary
The Employer pays 85% of the premium ($1.19) for Excluded Employees and 100% for Executives and equivalents.
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 (Premium Rate Holiday) |
per $1,000 of insurance |
| AD&DFootnote 1 | $0.00 (Premium Rate Holiday) |
for $250,000 of insurance |
| Dependants' | $0.00 (Premium Rate Holiday) |
regardless of family status |
| Post-Retirement Life | $1.45 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life | $0.00 (Premium Rate Holiday) |
per $1,000 of insurance |
| AD&DFootnote 1 | $0.00 (Premium Rate Holiday) |
for $250,000 of insurance |
| Dependants' | $0.92 | regardless of family status |
| Post-Retirement Life | $2.40 | per $1,000 of insurance |
| Line of Insurance | Premium Amount | Coverage |
|---|---|---|
| Basic Life Rates effective January 1, 2022 | $0.00 (Premium Rate Holiday) |
per $1,000 of insurance |
| AD&DFootnote 1 | $2.50 | for $250,000 of insurance |
| Dependants' | $2.25 | regardless of family status |
| Post-Retirement Life | $3.40 | per $1,000 of insurance |
Archives
Archived monthly premium rates
Our archived premium rates can be found at the collection of Government of Canada publications.
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