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:

  1. Main Plan - Basic Life
  2. Main Plan - Supplementary Life
  3. Executive Plan - Basic Life
  4. Members of Parliament Plan - Dependant Coverage

A 12-month premium holiday will be extended for the following benefits:

  1. Main Plan - Dependant Coverage
  2. Main Plan - Accidental Death & Dismemberment
  3. Executive Plan – Dependant Coverage
  4. Members of Parliament Plan - Basic Life
  5. Members of Parliament Plan - Accidental Death & Dismemberment
  6. Judges Plan – Dependant Coverage

The premium rates for the following benefits have not changed:

  1. Main Plan - Long-Term Disability
  2. Executive Plan - Accidental Death & Dismemberment
  3. Executive Plan - Post-Retirement Life
  4. Members of Parliament Plan - Post-Retirement Life
  5. Judges Plan - Basic Life
  6. Judges Plan - Accidental Death & Dismemberment
  7. Judges Plan - Post-Retirement Life

Main Plan (employee-paid coverage)

Basic Life
(Rates per $1,000 of insured salary)
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
Supplementary Life
(Rates per $1,000 of insured salary)
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’ coverage
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.

Executive Plan (employer-paid coverage)
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
Members of Parliament Plan (government-paid coverage)
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
Judges Plan (government-paid coverage)
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:

  1. Main Plan - Supplementary Life
  2. Executive Plan - Basic Life
  3. Executive Plan - Accidental Death & Dismemberment

A 12-month premium holiday is in effect for the following benefits:

  1. Main Plan - Accidental Death & Dismemberment
  2. Main Plan - Dependant Coverages
  3. Executive Plan - Dependant Coverages
  4. Members of Parliament Plan - Basic Life
  5. Members of Parliament Plan - Accidental Death & Dismemberment
  6. Judges Plan - Dependant Coverage

Main Plan (employee-paid coverage)

Basic Life
(Rates per $1,000 of insured salary)
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
Supplementary Life
(Rates per $1,000 of insured salary)
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

  1. Children only (Premium Rate Holiday)
  2. 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.

Executive Plan (employer-paid coverage)
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
Members of Parliament Plan (government-paid coverage)
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
Judges Plan (government-paid coverage)
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:

  1. Main Plan – Basic Life

A 12-month premium holiday is in effect for the following benefits:

  1. Main Plan - Supplementary Life
  2. Main Plan - Accidental Death & Dismemberment
  3. Main Plan - Dependant Coverages
  4. Executive Plan - Basic Life
  5. Executive Plan - AD&D
  6. Executive Plan - Dependant Coverages
  7. Members of Parliament Plan - Basic Life
  8. Members of Parliament Plan - Accidental Death & Dismemberment

Main Plan (employee-paid coverage)

Basic Life
(Rates per $1,000 of insured salary)
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
Supplementary Life
(Rates per $1,000 of insured salary) (Premium Rate Holiday)
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

  1. Children Only (Premium Rate Holiday)
  2. 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.

Executive Plan (employer-paid coverage)
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
Members of Parliament Plan (government-paid coverage)
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
Judges Plan (government-paid coverage)
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:

  1. Main Plan - Basic Life
  2. Main Plan - Supplementary Life
  3. Executive Plan - Basic Life
  4. Members of Parliament Plan – Basic Life
  5. Judges Plan - Basic Life
  6. Main Plan - AD&D
  7. Main Plan - Dependant Coverages
  8. Executive Plan - AD&D
  9. Executive Plan - Dependant Coverages
  10. Members of Parliament Plan - AD&D

Main Plan (employee-paid coverage)

Basic Life
(Rates per $1,000 of insured salary) (Premium Rate Holiday)
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
Supplementary Life
(Rates per $1,000 units of insured salary)
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’

  1. Children Only: $0.0 (Premium Rate Holiday)
  2. 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.

Executive Plan (employer-paid coverage)
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
Members of Parliament Plan (government-paid coverage)
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
Judges Plan (government-paid coverage)
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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