Financial Security with Income Insurance

Income insurance provides extra financial protection in addition to unemployment benefit, giving you a higher level of compensation if you become unemployed. This enables you to focus on your career without worrying about financial uncertainties.

Just as you can insure your house, apartment or car, you can also insure your income. If you are a member of Akademikernas a-kassa – the unemployment insurance fund for university-educated professionals – you can receive unemployment benefit from the fund. However, this compensation can be no higher than 80 per cent of SEK 34,000 per month before tax, which is SEK 27,200. Akavia's income insurance provides compensation for your income above the SEK 34,000 threshold.

As a member of Akavia, you are covered by our income insurance, which is administered by Folksam. This insurance supplements the compensation you receive from the unemployment insurance fund, allowing you to receive 80 per cent of your income up to a ceiling of SEK 100,000 per month for 150 working days, if you become unemployed involuntarily. In order to qualify for Akavia's income insurance, you must also be a member of Akademikernas a-kassa, the unemployment insurance fund for university-educated professionals.

Eligibility for Akavia's Income Insurance

When you become a member of Akavia, our income insurance is included automatically in your membership at no extra cost.

If you become unemployed, you will need to apply for compensation from the income insurance. To receive compensation from Akavia's income insurance, you must:

• Have been a member of both Akavia and Akademikernas a-kassa for at least twelve months prior to unemployment.
• Be an active professional member at the time you become unemployed.
• Be involuntarily unemployed, based on an assessment by Akademikernas a-kassa, which the income insurance follows.
• Have started an unemployment benefit period with waiting days at Akademikernas a-kassa.
• Be entitled to a benefit period of 300 days from the unemployment fund. This means you must have earned at least SEK 11,000 per month for at least 11 of the 12 months during the qualifying period.
• Have a benefit period from Akademikernas a-kassa that starts at the 80 percent compensation level. This means you must have been a member of the unemployment fund for the entire qualifying period (12 months).

Please see here for all qualifying conditions for income-related unemployment benefit from Akademikernas a-kassa.

If you were covered by another union's income insurance before joining Akavia, that time may be counted as part of the qualifying period for Akavia's income insurance. Your membership in another union must have ended immediately before your membership in Akavia began. If you become unemployed before you have been a member of Akavia for twelve months, you will need a certificate from your previous union.

Please note that if you join Akavia while you are still in a compensation period covered by another union’s income insurance, you must begin a new compensation period, including qualifying days, with Akademikernas a-kassa before you can receive compensation from Akavia’s income insurance.

• Apply to become a member and insure your income

If you wish to expand the protection provided by Akavia's income insurance, you can also take out a supplementary insurance until the calendar year you turn 63.

• "Frivilligt tillägg" This optional add-on lets you increase your insured income by up to SEK 60,000 per month, raising the maximum insured income to SEK 160,000 per month, and/or extend the payment period by 150 working days, to a total of 300 working days.

• Expand your financial protection at Folksam

To qualify for compensation from Akavia's income insurance, you also need to be a member of Akademikernas a-kassa. Income insurance supplements your unemployment benefit compensation and ensures that you receive 80 percent of your income up to a ceiling of SEK 100,000.

Being a member of Akavia does not automatically make you a member of the Akademikernas a-kassa unemployment insurance fund. As Akavia and Akademikernas a-kassa are separate organisations, you need to submit a separate membership application to Akademikernas a-kassa.

• Become a member of Akavia
• Become a member of Akademikernas a-kassa