Glossary entry

Swedish term or phrase:

frilagd premie

English translation:

opt-out premium

Added to glossary by Charles Ek
Sep 12, 2011 07:32
13 yrs ago
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Swedish term

frilagd premie

Swedish to English Other Insurance Pension plans
This term is used in a document regarding an addendum to a pension policy:

"XX XX ger för övriga anställda möjlighet att teckna ”alternativ ITP” med s.k. frilagd premie."

Haven't managed to find a translation of "frilagd premie". Grateful for any help!
Proposed translations (English)
4 opt-out premium
Change log

Sep 14, 2011 10:36: Charles Ek Created KOG entry

Proposed translations

3 hrs
Selected

opt-out premium

See the first link for this definition:

Den premie som kan användas till köp av försäkring i valfritt försäkringsbolag (som alternativ till ITP-planen) för anställd som tjänar över 10 inkomstbasbelopp och tillhör ITP-planen. Premien beräknas på lön över 7,5 inkomstbasbelopp (se länk "Aktuella belopp").

I'd use "opt-out premium" on the basis of the examples at the second link below and this, from the first result at that link:

The ITP plan for the white-collar workers is a non-poolable plan, but if earning more than 10 base amounts (SEK 511,000 in 2010) there is a possibility to opt out of the plan with the employers' consent. The risk parts in these "opt out solutions" could be pooled. Lately we have seen a trend where the employers create their own premium plan for the "opt out solutions".
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4 KudoZ points awarded for this answer. Comment: "Tack för hjälpen!"
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