Basic Life and Accidental Death and Dismemberment (AD&D) Insurance

Nidec offers company-paid Basic Life and AD&D Insurance at no cost to you. This coverage offers financial protection to you or the beneficiaries you designate. The Basic Life benefit is a flat $11,500 and the AD&D benefit is a flat $7,500.

Voluntary Life Insurance

In the event you need to purchase additional insurance coverage for your family you may purchase Voluntary Life Insurance at competitive group rates. Once you purchase coverage for yourself, you may also purchase coverage for your spouse and eligible dependents.

If you are newly eligible and have not previously waived your opportunity to elect coverage, you can elect up to the Plan’s guaranteed issue amounts without submitting Evidence of Insurability (EOI). If you are a late entrant and have previously waived the opportunity to purchase additional coverage, or you are increasing your Life Insurance, you must submit EOI to The Hartford. EOI requirements are communicated to you when you enroll. Please contact your local HR partner for the EOI form and further instructions.

Voluntary AD&D Insurance

In the event you want additional insurance coverage for your family, you can purchase Voluntary AD&D Insurance at competitive group rates. Once you purchase coverage for yourself, you can also get coverage for your spouse and eligible dependents.

If you are newly eligible and have not previously waived your opportunity to elect coverage, you can elect up to the Plan’s guaranteed issue amounts without submitting Evidence of Insurability (EOI). If you are a late entrant and have previously waived the opportunity to purchase additional coverage, you may be required to submit EOI. EOI requirements are communicated when you enroll.

Disability Insurance

Nidec offers Short-Term Disability coverage. Eligibility is based upon business unit and location. You will see more details about your coverage in Workday.

Our Short-Term Disability plan covers a portion of your weekly earnings while you are unable to work due to a non-work-related short-term illness or injury. The Disability benefit is a flat $410 per week for a maximum period of 26 weeks. Benefits are payable on the first day for accidents or on the fourth day for sickness.

Contact your local HR partner for more details.