Policies with entitlement to disability pension providing a regular income and/or premium exemption can be treated as if the insured event has not occurred. In respect of these policies, any increase in the provisions as a consequence of the occurrence of the insured event is exempt. Consequently, no adjustment for increases in provisions is necessary under Section 4(3), Item 10 of PAL.

In connection with lost or reduced working capacity, a pension holder who has taken out a policy with entitlement to premium exemption and disability pension has the right to disbursement and the right to maintain other cover without having to pay the premium.

The pension provider makes provisions for an amount to cover this right. This amount will change in step with changes in the assessment of the state of health. It can therefore prove inexpedient to include this amount in the pension overview.

If the policy contains other types of cover, including pension savings, the policy will typically continue unchanged, possibly with premium exemption. Tax will therefore continue to be levied on the increase in the value of the pension savings.