Total Compensation from Accident Insurance

The total compensation from accident insurance represents a one-time settlement payment for insured persons under the statutory accident insurance in Vienna, who, after the occurrence of an insured event, are expected to receive only a provisional disability or occupational pension. The aim of this funding is to cover future pension expenses through a lump-sum payment, thereby creating financial predictability. A prerequisite for the grant is that at least two years have passed since the insured event and that there is a prognosis that no permanent pension payment is to be expected. With the entry into force of this regulation as of January 1, 2013, applications can be submitted continuously.

Interested insured persons benefit from an individual one-time payment amounting to the anticipated total pension expense. The payment is made as a grant, without a maximum funding limit, and takes into account the pension amount calculated for the remaining entitlement period. The funding process is open-ended, allowing applications to be submitted at any time to the responsible accident insurance carrier. This financial support is administered by the Federal Ministry of Labour, Social Affairs, Health, Care and Consumer Protection, Section II, and represents an important component for securing long-term consequences of accidents.