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Public Service Management Insurance Plan (PSMIP) Premium Rates

2019-Jul

Monthly PSMIP Premium Rates effective July 1, 2019

Main Plan (employee-paid coverage)

Basic Life (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 (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’
A. children only
B. spouse and children or 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)

Rates are $0.225 /$25,000 unit (maximum 10 units)

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
AD&D $1.75 for $250,000 of insurance
Dependants' $1.21 regardless of family status
Post-Retirement Life $1.65 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
AD&D $0.00 for $250,000 of insurance
Dependants' $0.92 regardless of family status
Post-Retirement Life $2.60 per $1,000 of insurance
Judges Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.00 per $1,000 of insurance
AD&D $2.50 for $250,000 of insurance
Dependants' $2.25 regardless of family status
Post-Retirement Life $3.50 per $1,000 of insurance
2019

Monthly PSMIP Premium Rates effective

Main Plan (employee-paid coverage)

Basic Life (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 (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’
A. children only
B. spouse and children or 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)

Rates are $0.225 /$25,000 unit (maximum 10 units)

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

$0.00 per $1,000 of insured salary.

The Employer pays 85% of the premium ($0.00) 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
AD&D $1.75 for $250,000 of insurance
Dependants’ $1.21 regardless of family status
Post-Retirement Life $1.65 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
AD&D $0.00 for $250,000 of insurance
Dependants’ $0.92 regardless of family status
Post-Retirement Life $2.60 per $1,000 of insurance
Judges Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.00 per $1,000 of insurance
AD&D $2.50 for $250,000 of insurance
Dependants’ $2.25 regardless of family status
Post-Retirement Life $3.50 per $1,000 of insurance
2018

Monthly PSMIP premium rates effective

Main plan (employee-paid coverage)

Basic life (rates per $1,000 of insured salary) (premium holiday)
Age group Male Female
Under 31 $0.00 $0.00
31 to 35 $0.00 $0.00
36 to 40 $0.00 $0.00
41 to 45 $0.00 $0.00
46 to 50 $0.00 $0.00
51 to 55 $0.00 $0.00
56 to 60 $0.00 $0.00
61 to 65 $0.00 $0.00
66 to 70 $0.00 $0.00
71 to 75 $0.00 $0.00
76 to 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 $0.02 $0.01
31 to 35 $0.02 $0.02
36 to 40 $0.03 $0.02
41 to 45 $0.05 $0.04
46 to 50 $0.08 $0.06
51 to 55 $0.14 $0.10
56 to 60 $0.21 $0.16
61 to 65 $0.43 $0.30
66 to 70 $0.48 $0.37
71 to 75 $0.24 $0.19
76 to 80 $0.14 $0.12
81 and over $0.22 $0.18
Dependants (premium holiday)
A. children only
B. spouse and children or spouse only
Age Group Male Female
Under 26 $0.00 $0.00
26 to 30 $0.00 $0.00
31 to 35 $0.00 $0.00
36 to 40 $0.00 $0.00
41 to 45 $0.00 $0.00
46 to 50 $0.00 $0.00
51 to 55 $0.00 $0.00
56 to 60 $0.00 $0.00
61 to 65 $0.00 $0.00
66 to 70 $0.00 $0.00
71 to 80 $0.00 $0.00
81 and over $0.00 $0.00

Accidental death and dismemberment (AD&D)

$0.00 per $25,000 unit (maximum 10 units) (premium 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% of the premium for executives and equivalents.

Executive plan (employer-paid coverage)
Line of insurance Premium amount Coverage
Basic life $0.158 per $1,000 of insurance
AD&D $0.00 for $250,000 of insurance
Dependants $0.00 regardless of family status
Post-retirement life $1.65 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 for $250,000 of insurance
Dependants $0.92 regardless of family status
Post-retirement life $2.60 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
AD&D $2.50 for $250,000 of insurance
Dependants $1.50 regardless of family status
Post-retirement life $3.50 per $1,000 of insurance
2017-Apr

Monthly PSMIP Premium Rates effective

Main Plan (employee-paid coverage)

Basic Life (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 (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'
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)

$0.225/$25,000 unit (maximum 10 units)

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
AD&D $1.80 for $250,000 of insurance
Dependants' $0.00 Regardless of family status
Post-Retirement Life $1.65 per $1,000 of insurance
Members of Parliament Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.55 per $1,000 of insurance
AD&D $0.00 for $250,000 of insurance
Dependants' $0.92 Regardless of family status
Post-Retirement Life $2.60 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
AD&D $2.50 for $250,000 of insurance
Dependants' $1.50 Regardless of family status
Post-Retirement Life $3.50 per $1,000 of insurance
2017-Jan

Monthly PSMIP Premium Rates effective

Main Plan (employee-paid coverage)

Basic Life (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 (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'
A. Children Only: $0.47 flat rate
B. Spouse & children/spouse only
Age Group Male Female
Under 26 $0.47 $0.47
26-30 $0.57 $0.66
31-35 $0.75 $0.84
36-40 $0.95 $1.04
41-45 $1.04 $1.22
46-50 $1.22 $1.41
51-55 $1.41 $1.88
56-60 $1.88 $2.82
61-65 $2.82 $4.32
66-70 $1.41 $2.16
71-80 $2.16 $3.38
81 and over $3.20 $5.00

Accidental Death & Dismemberment (AD&D)

$0.275/$25,000 unit (maximum 10 units)

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 $0.158 per $1,000 of insurance
AD&D $2.25 for $250,000 of insurance
Dependants' $1.21 Regardless of family status
Post-Retirement Life $1.92 per $1,000 of insurance
Members of Parliament Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.55 per $1,000 of insurance
AD&D $9.125 for $250,000 of insurance
Dependants' $0.92 Regardless of family status
Post-Retirement Life $2.60 per $1,000 of insurance
Judges Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.371 per $1,000 of insurance
AD&D $2.50 for $250,000 of insurance
Dependants' $1.50 Regardless of family status
Post-Retirement Life $3.50 per $1,000 of insurance
2016

Public Service Management Insurance Plan (PSMIP) 2016 Monthly Premium Rates

Main Plan (employee-paid coverage)

Basic Life (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 (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' is on a premium holiday.

Dependants'
A. Children Only: $0.00 flat rate
B. Spouse & children/spouse only
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) is on a premium holiday.

$0.00/$25,000 unit (maximum 10 units)

Long-Term Disability (LTD) (cost-shared coverage) is on a premium holiday.

$0.00 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 $0.158 per $1,000 of insurance
AD&D $2.25 for $250,000 of insurance
Dependants' $0.00 Regardless of family status
Post-Retirement Life $1.92 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
AD&D $0.00 for $250,000 of insurance
Dependants' $0.92 Regardless of family status
Post-Retirement Life $2.60 per $1,000 of insurance
Judges Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.371 per $1,000 of insurance
AD&D $2.50 for $250,000 of insurance
Dependants' $1.50 Regardless of family status
Post-Retirement Life $3.50 per $1,000 of insurance
2015

Public Service Management Insurance Plan (PSMIP) 2015 Monthly Premium Rates

Basic Life is on a premium holiday.

Basic Life (Rates per $1,000 of insured salary)
Age Group Male Female
Under 31 $0.00
31-35 $0.00
36-40 $0.00
41-45 $0.00
46-50 $0.00
51-55 $0.00
56-60 $0.00
61-65 $0.00
66-70 $0.00
71-75 $0.00
76-80 $0.00
81 and over $0.00

Supplementary Life is on a premium holiday.

Supplementary Life (effective ) (Rates per $1,000 of insured salary)
Age Group Male Female
Under 31 $0.00
31-35 $0.00
36-40 $0.00
41-45 $0.00
46-50 $0.00
51-55 $0.00
56-60 $0.00
61-65 $0.00
66-70 $0.00
71-75 $0.00
76-80 $0.00
81 and over $0.00

Dependants' is on a premium holiday.

Dependants'
A. Children Only: $ flat rate
B. Spouse & children/spouse only
Age Group Male Female
Under 26 $0.00
26-30 $0.00
31-35 $0.00
36-40 $0.00
41-45 $0.00
46-50 $0.00
51-55 $0.00
56-60 $0.00
61-65 $0.00
66-70 $0.00
71-80 $0.00
81 and over $0.00

Accidental Death & Dismemberment (AD&D) is on a premium holiday.

(effective )

$0.00/$25,000 unit (maximum 10 units)

Long-Term Disability (LTD) (cost-shared coverage) is on a premium holiday.

$0.00 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 $0.1575 per $1,000 of insurance
AD&D Premium Holiday for $250,000 of insurance
Dependants' $1.21 Regardless of family status
Post-Retirement Life $1.92 per $1,000 of insurance
Members of Parliament Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.55 per $1,000 of insurance
AD&D $9.125 for $250,000 of insurance
Dependants' $0.92 Regardless of family status
Post-Retirement Life $2.84 per $1,000 of insurance
Judges Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life Premium Holiday per $1,000 of insurance
AD&D $2.50 for $250,000 of insurance
Dependants' $1.50 Regardless of family status
Post-Retirement Life $3.80 per $1,000 of insurance
2014

Public Service Management Insurance Plan (PSMIP) 2014 Monthly Premium Rates

Main Plan (employee-paid coverage)

Basic Life
(Rates per $1,000 of insured salary)
Age Group Male Female
Under 31 0.04 0.03
31-35 0.04 0.04
36-40 0.07 0.04
41-45 0.10 0.07
46-50 0.17 0.12
51-55 0.28 0.20
56-60 0.44 0.31
61-65 0.73 0.50
66-70 0.84 0.62
71-75 0.39 0.32
76-80 0.28 0.22
81 and over 0.42 0.33
Supplementary Life
(effective )
(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 0.04 0.03
41-45 0.06 0.05
46-50 0.10 0.08
51-55 0.18 0.13
56-60 0.28 0.21
61-65 0.58 0.40
66-70 0.64 0.49
71-75 0.32 0.25
76-80 0.19 0.16
81 and over 0.29 0.24
Dependants'
A. Children Only: $0.47 flat rate
B. Spouse & children/spouse only
Age Group Male Female
Under 26 0.47 0.47
26-30 0.57 0.66
31-35 0.75 0.84
36-40 0.95 1.04
41-45 1.04 1.22
46-50 1.22 1.41
51-55 1.41 1.88
56-60 1.88 2.82
61-65 2.82 4.32
66-70 1.41 2.16
71-80 2.16 3.38
81 and over 3.20 5.00

Accidental Death & Dismemberment (AD&D)
(effective )

$0.275/$25,000 unit (maximum 10 units)

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.

Monthly PSMIP Premium Rates At

Executive Plan (employer-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.1575 per $1,000 of insurance
AD&D $2.25 for $250,000 of insurance

Dependants'

 $1.21 Regardless of family status
Post-Retirement Life $1.92 per $1,000 of insurance

Members of Parliament Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life (Premium Holiday until ) $0.55 per $1,000 of insurance
AD&D $9.125 for $250,000 of insurance
Dependants' $0.92 Regardless of family status
Post-Retirement Life $2.84 per $1,000 of insurance

Judges Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.375 per $1,000 of insurance
AD&D $2.50 for $250,000 of insurance
Dependants' $1.50 Regardless of family status
Post-Retirement Life $3.80 per $1,000 of insurance
2013

Public Service Management Insurance Plan (PSMIP) 2013 Monthly Premium Rates

Main Plan (employee-paid coverage)

Basic Life
(Rates per $1,000 of insured salary)
Age Group Male Female
Under 31 0.04 0.03
31-35 0.04 0.04
36-40 0.07 0.04
41-45 0.10 0.07
46-50 0.17 0.12
51-55 0.28 0.20
56-60 0.44 0.31
61-65 0.73 0.50
66-70 0.84 0.62
71-75 0.39 0.32
76-80 0.28 0.22
81 and over 0.42 0.33
Supplementary Life
(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 0.04 0.03
41-45 0.06 0.05
46-50 0.10 0.08
51-55 0.18 0.13
56-60 0.28 0.21
61-65 0.58 0.40
66-70 0.64 0.49
71-75 0.32 0.25
76-80 0.19 0.16
81 and over 0.29 0.24
Dependants'Footnote 1 * (premium holiday for 2013)
A. Children Only: $0.47 flat rate
B. Spouse & children/spouse only
Age Group Male Female
Under 26 0.47 0.47
26-30 0.57 0.66
31-35 0.75 0.84
36-40 0.95 1.04
41-45 1.04 1.22
46-50 1.22 1.41
51-55 1.41 1.88
56-60 1.88 2.82
61-65 2.82 4.32
66-70 1.41 2.16
71-80 2.16 3.38
81 and over 3.20 5.00

Accidental Death & Dismemberment (AD&D)
$0.275/$25,000 unit (maximum 10 units)

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.

Monthly PSMIP Premium Rates At

Executive Plan (employer-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life Footnote 1 * (premium holiday for 2013) $0.1575 per $1,000 of insurance
AD&D Footnote 1 * (premium holiday for 2013) $2.25 for $250,000 of insurance
Dependants'Footnote 1 * (premium holiday for 2013) $1.21 Regardless of family status
Post-Retirement Life $1.92 per $1,000 of insurance

Members of Parliament Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life Footnote 1 * (premium holiday for 2013) $0.55 per $1,000 of insurance
AD&D Footnote 1 * (premium holiday for 2013) $9.125 for $250,000 of insurance
Dependants' $0.92 Regardless of family status
Post-Retirement Life $2.84 per $1,000 of insurance

Judges Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life Footnote 1 * (premium holiday for 2013) $0.375 per $1,000 of insurance
AD&D $2.50 for $250,000 of insurance
Dependants' $1.50 Regardless of family status
Post-Retirement Life $3.80 per $1,000 of insurance

Footnotes

Footnote 1

Premium Holiday in effect from until

Return to first footnote 1 referrer

Visit public service pension plan for infomation on the pension.

2012

Public Service Management Insurance Plan (PSMIP) 2012 Monthly Premium Rates

Main Plan (employee-paid coverage)

Basic Life
(Rates per $1,000 of insured salary)
Age Group Male Female
Under 31 0.04 0.03
31-35 0.04 0.04
36-40 0.07 0.04
41-45 0.10 0.07
46-50 0.17 0.12
51-55 0.28 0.20
56-60 0.44 0.31
61-65 0.73 0.50
66-70 0.84 0.62
71-75 0.39 0.32
76-80 0.28 0.22
81 and over 0.42 0.33

Supplementary Life
(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 0.04 0.03
41-45 0.06 0.05
46-50 0.10 0.08
51-55 0.18 0.13
56-60 0.28 0.21
61-65 0.58 0.40
66-70 0.64 0.49
71-75 0.32 0.25
76-80 0.19 0.16
81 and over 0.29 0.24

Dependants'Footnote 2 * (premium holiday)
A. Children Only: $0.47 flat rate
B. Spouse & children/spouse only
Age Group Male Female
Under 26 0.47 0.47
26-30 0.57 0.66
31-35 0.75 0.84
36-40 0.95 1.04
41-45 1.04 1.22
46-50 1.22 1.41
51-55 1.41 1.88
56-60 1.88 2.82
61-65 2.82 1.32
66-70 1.41 2.16
71-80 2.16 3.38
81 and over 3.20 5.00

Accidental Death & Dismemberment (AD&D)
$0.275/$25,000 unit (maximum 10 units)

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 *(premium holiday for 2012) $0.158 per $1,000 of insurance
AD&D*(premium holiday for 2012) $2.25 for $250,000 of insurance
Dependants'*(premium holiday for 2012) $1.21 Regardless of family status
Post-Retirement Life $1.92 per $1,000 of insurance

Members of Parliament Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.55 per $1,000 of insurance
AD&D*(premium holiday for 2012) $9.13 for $250,000 of insurance
Dependants' $0.92 Regardless of family status
Post-Retirement Life $2.84 per $1,000 of insurance

Judges Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life*(premium holiday for 2012) $0.371 per $1,000 of insurance
AD&D $2.50 for $250,000 of insurance
Dependants' $1.50 Regardless of family status
Post-Retirement Life $3.80 per $1,000 of insurance

Footnotes

Footnote 2

Premium Holiday in effect from until

Return to footnote 2 * referrer

2011

Public Service Management Insurance Plan (PSMIP) 2011 Monthly Premium Rates

Main Plan (employee-paid coverage)

Basic LifeFootnote 3 *
(Rates per $1,000 of insured salary)
Age Group Male Female
Under 31 0.04 0.03
31-35 0.04 0.04
36-40 0.07 0.04
41-45 0.10 0.07
46-50 0.17 0.12
51-55 0.28 0.20
56-60 0.44 0.31
61-65 0.73 0.50
66-70 0.84 0.62
71-75 0.39 0.32
76-80 0.28 0.22
81 and over 0.42 0.33

Supplmentary LifeFootnote 3 *
(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 0.04 0.03
41-45 0.06 0.05
46-50 0.10 0.08
51-55 0.18 0.13
56-60 0.28 0.21
61-65 0.58 0.40
66-70 0.64 0.49
71-75 0.32 0.25
76-80 0.19 0.16
81 and over 0.29 0.24

Dependants'Footnote 3 * (premium holiday)
A. Children Only: $0.47 flat rate
B. Spouse & children/spouse only
Age Group Male Female
Under 26 0.47 0.47
26-30 0.57 0.66
31-35 0.75 0.84
36-40 0.95 1.04
41-45 1.04 1.22
46-50 1.22 1.41
51-55 1.41 1.88
56-60 1.88 2.82
61-65 2.82 4.32
66-70 1.41 2.16
71-80 2.16 3.38
81 and over 3.20 5.00

Accidental Death & Dismemberment (AD&D)
$0.275/$25,000 unit (maximum 10 units)

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 Footnote 3 *(premium holiday for 2011; 10% reduction) $0.158 per $1,000 of insurance
AD&DFootnote 3 *(premium holiday for 2011) $2.25 for $250,000 of insurance
Dependants'Footnote 3 *(premium holiday for 2011) $1.21 Regardless of family status
Post-Retirement Life $1.92 per $1,000 of insurance

Members of Parliament Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic Life $0.55 per $1,000 of insurance
AD&DFootnote 3 *(premium holiday for 2011) $9.13 for $250,000 of insurance
Dependants' $0.92 Regardless of family status
Post-Retirement Life $2.84 per $1,000 of insurance

Judges Plan (government-paid coverage)
Line of Insurance Premium Amount Coverage
Basic LifeFootnote 3 *(premium holiday for 2011; 45% reduction) $0.371 per $1,000 of insurance
AD&D $2.50 for $250,000 of insurance
Dependants' $1.50 Regardless of family status
Post-Retirement Life $3.80 per $1,000 of insurance

Footnotes

Footnote 3

Premium Holiday in effect from until

Return to first footnote 3 * referrer

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