Group insurance benefits are tax-free when paid, and consequently you are taxed on the cost of the insurance premium.

You can see your group insurance covers on your pension statement in Min pension under ”Dine dokumenter”. Click your name at the top-right corner.

Below, you can see where the reported cost of our group insurance appears on you annual tax assessment.

Pension schemes under P+ Life cycle

The reported cost of your group insurance is shown in two places on your annual tax assessment.

Under 'Sundhedsforsikring' you will find the cost of the critical illness insurance (Forsikring ved visse kritiske sygdomme). In 2025, the insurance premium accounted for DKK 75 monthly or DKK 900 for the full year.

Under 'Gruppeliv' you will find the cost of your accident insurance (Ulykkesforsikring) together with the premium for the lump sum death benefit (Sum ved død). In 2025, the accident insurance premium accounted for DKK 31.25 monthly or DKK 375 for the full year. The lump sum death benefit premium is individual.

The premiums are reported only for the months that you have paid pension contributions.

Other pension schemes

For other pension schemes, the reported group insurance premium appears on your annual tax assessment under 'Indskud på arbejdsgiveradministreret alderspension, gruppeliv, m.v., fratrukket i din løn' (box 347).