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Public Service Management Insurance Plan (PSMIP)
Monthly Premium Rates at January 1, 2010

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject à to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

*Premium Holiday in effect from January 1, 2010 until December 31, 2010

**The premium rates shown within the shaded area are not in effect for the period January 1, 2010 until December 31, 2010, due to “premium holidays” being in effect.

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' *(Premium Holiday)

**The premium rates shown within the shaded area are not in effect for the period January 1, 2010 until December 31, 2010, due to “premium holidays” being in effect.

  1. Children only: ** $0.47 flat rate
  2. 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 JANUARY 1, 2010

*Premium Holiday in effect from January 1, 2010 until December 31, 2010

**The premium rates shown within the shaded area are not in effect for the period January 1, 2010 until December 31, 2010, due to “premium holidays” being in effect.


EXECUTIVE PLAN (employer-paid coverage)
BASIC LIFE (30% reduction) $0.175 per $1,000 of insurance
AD&D *(premium holiday for 2010) **$2.25 for $250,000 of insurance
DEPENDANTS' *(premium holiday for 2010) **$1.21 Regardless of family status
POST- RETIREMENT LIFE $1.92 per $1,000 of insurance

MEMBERS OF PARLIAMENT PLAN (government-paid coverage)
BASIC LIFE $0.55 per $1,000 of insurance
AD&D *(premium holiday for 2010) **$9.13 for $250,000 of insurance
DEPENDANTS' $0.92 Regardless of family status
POST-RETIREMENT LIFE *(premium holiday for 2010) **$2.84 per $1,000 of insurance

JUDGES PLAN (government-paid coverage)
BASIC LIFE (25% reduction) $0.675 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
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