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
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
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.
- Children only: ** $0.47 flat rate
- 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.
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 |
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 |
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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