Basic Life/AD&D Insurance

Basic Life/AD&D benefits vary by location.  Benefits coverage applicable to you can be found in Workday, in your benefit elections, under Company Provided Life and AD&D Benefit.

Voluntary Life Insurance

In the event you want additional insurance coverage for your family, you can purchase voluntary life 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- and long-term disability insurance.

Short-Term Disability
Our short-term disability benefit varies by location. You will see the benefit class applicable to you in Workday. The class descriptions are below:

• Class 7 – Bi-weekly paid employees: 75% of earnings paid for the first eight weeks, and 55% of salary for the next five weeks for a total/maximum of 13 weeks
• Class 9 – Weekly paid employees: 66.67% of earnings per week, for a maximum of 26 weeks

Long-Term Disability
Our long-term disability benefit also varies by location. If applicable, you will see the benefit reflected in your benefit elections in Workday under Company Provided LTD.