Public Service Management Insurance Plan (PSMIP) Premium Rates

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)

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

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.

**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:

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)

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’

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.

**Executive Plan (employer-paid coverage)**
Line of Insurance	Premium Amount	Coverage
Basic Life	$0.00 (Premium Rate Holiday)	per $1,000 of insurance
AD&D^{Footnote 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&D^{Footnote 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&D^{Footnote 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

2021

Monthly PSMIP Premium Rates effective April 1, 2021

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

Main Plan - Basic Life
Main Plan - Dependant Coverages
Main Plan - Accidental Death & Dismemberment
Executive Plan - Dependants
Members of Parliament - Basic Life
Members of Parliament - Accidental Death & Dismemberment

Main Plan (employee-paid coverage)

Basic Life
(Rates per $1,000 of insured salary) (Premium Rate Holiday)
Age Group	Male	Female
Under 31	$0.0	$0.0
31-35	$0.0	$0.0
36-40	$0.0	$0.0
41-45	$0.0	$0.0
46-50	$0.0	$0.0
51-55	$0.0	$0.0
56-60	$0.0	$0.0
61-65	$0.0	$0.0
66-70	$0.0	$0.0
71-75	$0.0	$0.0
76-80	$0.0	$0.0
81 and over	$0.0	$0.0

Supplementary Life
(Rates per $1,000 units of insured salary)
Age Group	Male	Female
Under 31	$0.02	$0.01
31-35	$0.02	$0.02
36-40	$0.03	$0.02
41-45	$0.05	$0.04
46-50	$0.08	$0.06
51-55	$0.14	$0.10
56-60	$0.21	$0.16
61-65	$0.43	$0.30
66-70	$0.48	$0.37
71-75	$0.24	$0.19
76-80	$0.14	$0.12
81 and over	$0.22	$0.18

Dependants’

Children Only: $0.0 (Premium Rate Holiday)
Spouse & Children/Spouse only (Premium Rate Holiday)

Age Group	Male	Female
Under 26	$0.0	$0.0
26-30	$0.0	$0.0
31-35	$0.0	$0.0
36-40	$0.0	$0.0
41-45	$0.0	$0.0
46-50	$0.0	$0.0
51-55	$0.0	$0.0
56-60	$0.0	$0.0
61-65	$0.0	$0.0
66-70	$0.0	$0.0
71-80	$0.0	$0.0
81 and over	$0.0	$0.0

Accidental Death & Dismemberment (AD&D)

Rates are $0.00 /$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	$0.126	per $1,000 of insurance
AD&D^{Footnote *}	$1.75	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&D^{Footnote *}	$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, 2021	$0.334	per $1,000 of insurance
AD&D^{Footnote *}	$2.50	for $250,000 of insurance
Dependants'	$2.25	Regardless of family status
Post-Retirement Life	$3.40	per $1,000 of insurance

2020

Monthly PSMIP Premium Rates effective February 1, 2020

The premium rates for the following benefits decreased:

Executive Basic Life
Executive Post-Retirement Life
Members of Parliament Post-Retirement Life
Judges Post-Retirement Life

An 11 month premium rate holiday is in effect for the following benefits:

Main Plan - Accidental Death & Dismemberment
Members of Parliament - Accidental Death & Dismemberment
Judge’s Basic Life

Main Plan (employee-paid coverage)

Basic Life - No Change
(Rates per $1,000 of insured salary)
Age Group	Male	Female
Under 31	$0.03	$0.02
31-35	$0.03	$0.03
36-40	$0.05	$0.03
41-45	$0.08	$0.05
46-50	$0.14	$0.10
51-55	$0.22	$0.16
56-60	$0.35	$0.25
61-65	$0.58	$0.40
66-70	$0.67	$0.50
71-75	$0.31	$0.25
76-80	$0.22	$0.18
81 and over	$0.33	$0.27

Supplementary Life - No change
(Rates per $1,000 of insured salary)
Age Group	Male	Female
Under 31	$0.02	$0.01
31-35	$0.02	$0.02
36-40	$0.03	$0.02
41-45	$0.05	$0.04
46-50	$0.08	$0.06
51-55	$0.14	$0.10
56-60	$0.21	$0.16
61-65	$0.43	$0.30
66-70	$0.48	$0.37
71-75	$0.24	$0.19
76-80	$0.14	$0.12
81 and over	$0.22	$0.18

Dependants Life and Accidental Death & Dismemberment (AD&D) - No Change
A. children only: $0.35 flat rate
B. Spouse & Children/Spouse only
Age Group	Male	Female
Under 26	$0.35	$0.35
26-30	$0.43	$0.50
31-35	$0.56	$0.63
36-40	$0.71	$0.78
41-45	$0.78	$0.91
46-50	$0.91	$1.06
51-55	$1.06	$1.41
56-60	$1.41	$2.12
61-65	$2.12	$3.24
66-70	$1.06	$1.62
71-80	$1.62	$2.53
81 and over	$2.40	$3.75

Accidental Death & Dismemberment (AD&D)

premium holiday (11 months)

Long-Term Disability (LTD)

$1.40 per $1,000 units of insured salary.

Executive Plan (employer-paid coverage)
Line of Insurance	Premium Amount	Coverage
Basic Life	$0.126	per $1,000 of insurance
AD&D	$1.75	for $250,000 of insurance
Dependants'	$1.21	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	$0.385	per $1,000 of insurance
AD&D	$0.00 11 month premium 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	$0.00 11 month premium holiday	per $1,000 of insurance
AD&D	$2.50	for $250,000 of insurance
Dependants'	$2.25	Regardless of family status
Post-Retirement Life	$3.40	per $1,000 of insurance

Archived monthly premium rates

Our archived premium rates can be found at the collection of Government of Canada publications.

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Date modified:: 2015-12-04

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Public Service Management Insurance Plan (PSMIP) Premium Rates

Monthly PSMIP Premium Rates effective April 1, 2023

Main Plan (employee-paid coverage)

Dependant coverage

Accidental Death & Dismemberment (AD&D)

Long-Term Disability (LTD) (cost-shared coverage)

Monthly PSMIP Premium Rates effective April 1, 2022

Main Plan (employee-paid coverage)

Dependants’

Accidental Death & Dismemberment (AD&D)

Long-Term Disability (LTD) (cost-shared coverage)

Monthly PSMIP Premium Rates effective April 1, 2021

Main Plan (employee-paid coverage)

Accidental Death & Dismemberment (AD&D)

Long-Term Disability (LTD) (cost-shared coverage)

Monthly PSMIP Premium Rates effective February 1, 2020

Main Plan (employee-paid coverage)

Accidental Death & Dismemberment (AD&D)

Long-Term Disability (LTD)

Archived monthly premium rates

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