Basic Life/AD&D Insurance

Nidec offers company paid life and accidental death and dismemberment (AD&D) insurance. This coverage offers financial protection to you or the beneficiaries you designate during enrollment. You do not pay any premium for this benefit. The Basic Life benefit is a flat $11,500 and the AD&D benefit is a flat $7,500.

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.

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 New York Life. EOI requirements are communicated to you when you enroll. Please contact your local HR partner for the EOI form and further instructions.

Disability Insurance

Nidec offers short-term disability. Eligibility is based upon business unit and location. Please work with your local HR partner for additional details.

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

Log into your Workday account for life and disability insurance benefits applicable to you, or contact your local HR partner.