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Marvell’s life and disability plans in Canada are provided through Desjardins, available for employees, spouses/domestic partners, and dependent children. 

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 Plan Description
Short-Term Disability If you are unable to work due to your own serious medical condition, you may be eligible for short-term disability benefits. Your benefit is 75% of your gross weekly pay to a maximum of $1,384 (with evidence) before taxes. The maximum benefit period is 17 weeks. There is no waiting period for accidents or being admitted to the hospital and a 7-day waiting period for illness. Coverage ends at age 71 or earlier retirement, whichever comes first.
Long-Term Disability

Long-term disability (LTD) provides income replacement after a 17 week waiting period. LTD provides a benefit of 68.5% of your gross monthly income up to $2,500, 50.5% for the next $2,500, and 42.5% for the remainder, to a combined maximum of $13,500 per month non-taxable. Amounts over $9,750 are subject to Evidence of Insurability (EOI). Coverage ends at age 65 or earlier retirement, whichever comes first. 

The premium for LTD coverage is employee-paid. 
Basic Life and AD&D The Marvell benefits program provides protection for your family or another beneficiary from loss of income and savings in the event of your death or when you are severely injured as a result of an accident. AD&D insurance provides additional protection to you or your beneficiaries if you die or lose a limb or eyesight due to an accident.
  • 200% of your annual salary
  • Guaranteed up to $700,000
  • $1,000,000 maximum with Evidence of Insurability (EOI)
  • Coverage ends at age 71 or retirement, whichever comes first
Supplemental Life Insurance You can apply for additional life insurance for a premium in units of $10,000 to an overall maximum of $300,000 and a $300,000 overall maximum for your spouse/domestic partner.

To learn more about Desjardins, please visit the Plan Documents and Resources page to review the plans booklet and summaries.

 

Contact Desjardins: Health Benefits

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MORE QUESTIONS ON INSURANCE?

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Review the Plan Summary and Summary Plan Descriptions on the Resources page.

 

PROTECT YOUR FAMILY

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 Make sure your beneficiaries are up-to-date. Print and complete Desjardins’ beneficiary form. Please return the completed form to the benefits team at myHR@marvell.com. 

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