Indices and thresholds

Conversion coefficients, personal accident cover, 24/7 (statutory system)

When self-employed directors take out a personal accident policy, 24/7, under the "statutory system," this policy follows the system of statutory occupational accidents for employees.

This means that any benefit awarded at the moment the risk materializes is calculated based on:

the insured reference salary,
the age of the insured,
the age of any partner,
the age of any children

For the age-based calculations in which annuities are converted into lump sums, the statutory coefficients set by Royal Decree are used. You will find these in the table alongside.

Our experts can explain this type of policy and how the benefits are specifically calculated in detail;

Update: November 2020

Scale applicable to the insured or to beneficiaries other than children (Royal Decree 10/12/1987 and 24/12/1987)
age	present value of an annual annuity of EUR 1	age	present value of an annual annuity of EUR 1
18 years	19,3974	47 years	15,1897
19 years	19,3151	48 years	14,9628
20 years	19,2294	49 years	14,7299
21 years	19,1402	50 years	14,4911
22 years	19,0473	51 years	14,2464
23 years	18,9507	52 years	13,9960
24 years	18,8501	53 years	13,7400
25 years	18,7455	54 years	13,4784
26 years	18,6368	55 years	13,2115
27 years	18,5238	56 years	12,9394
28 years	18,4064	57 years	12,6624
29 years	18,2844	58 years	12,3807
30 years	18,1579	59 years	12,0945
31 years	18,0265	60 years	11,8041
32 years	17,8903	61 years	11,5098
33 years	17,7490	62 years	11,2121
34 years	17,6026	63 years	10,9112
35 years	17,4510	64 years	10,6075
36 years	17,2940	65 years	10,3014
37 years	17,1316	66 years	9,9935
38 years	16,9636	67 years	9,6840
39 years	16,7899	68 years	9,3736
40 years	16,6106	69 years	9,0627
41 years	16,4254	70 years	8,7518
42 years	16,2344	71 years	8,4415
43 years	16,0374	72 years	8,1322
44 years	15,8345	73 years	7,8245
45 years	15,6256	74 years	7,5190
46 years	15,4107	75 years	7,2162
Scale applicable to children for as long as they are entitled to child benefit and at least until age 18 (Royal Decree 21/12/1971)
age	present value of an annual annuity of EUR 1	age	present value of an annual annuity of EUR 1
1 year	13,2974	13 years	6,0866
2 years	12,8179	14 years	5,3174
3 years	12,3192	15 years	4,5173
4 years	11,8004	16 years	3,6848
5 years	11,2608	17 years	2,8187
6 years	10,6996	18 years	3,3353
7 years	10,1158	19 years	3,4599
8 years	9,5087	20 years	3,0876
9 years	8,8771	21 years	2,7281
10 years	8,2202	22 years	2,4039
11 years	7,5368	23 years	2,0438
12 years	6,8261	24 years	1,7787

Ask your advisor All thresholds

Conversion coefficients, personal accident cover, 24/7 (statutory system)

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