Nordea MyLife personal insurance provides cover for you and your family

• Illness, unemployment, disability or the death of your partner are devastating events that can also put a strain on you financially. MyLife personal insurance helps you secure your and your family’s financial future.
• In Finland, social security benefits are designed to provide people with a basic income when they suddenly become ill or unable to work. This may be a lot less than what you are normally used to earning. If you’re unable to work, your income may fall permanently to less than half of what it once was.
• Personal insurance gives you extra protection and flexibility with your finances in a difficult situation. It can help you cover daily expenses and repay your loans, get quick access to medical treatment or pay for funeral expenses and inheritance tax.
• Having personal insurance is especially important if you are solely responsible for your own income or the main earner in your family.   

Physical activity is known to support your health and well-being. And now it can also give you better insurance cover! The well-being benefit included in MyLife insurance rewards you for getting active with an increase to your insurance cover.

MyLife well-being benefit in a nutshell

• You’ll get better insurance cover by exercising regularly! This means doing an activity that makes you breathe faster and raises your heart rate. You can walk, run, exercise, dance or pick any other sport you enjoy. 
  

• Half an hour of brisk physical exercise a day will raise your insurance cover by 15%. One hour of brisk physical exercise a day will bring you a 25% raise to your insurance cover.
• The increase in insurance cover is determined by your physical activity data. The duration and intensity of your exercise is converted into activity points, the average of which determines your activity level.
• You can see how your activity level affects your insurance cover in the MyLife app once you have shared your activity data with the app through Google Fit. We’ll show you how to do this once you have bought your insurance policy.
• The MyLife app also gives you access to a range of discounts on products that will help you become more active and to inspiring well-being content. 
• You can increase your cover in life insurance, critical illness cover, permanent disability cover or cover for death or permanent disability caused by an accident.
• The insurance benefit may not be raised by more than 100,000 euros for each insurance cover and insured person.

• If you have a home loan from us, we offer you a 15% discount on new MyLife insurance policies. If you are our Premium Customer or Private Banking customer, your discount is 20%.
• You can raise the claim amount by 15–25% with physical exercise. This unique well-being benefit is available only in Nordea.
• You will automatically get a 25% higher claim amount to your life insurance policy. The extra benefit will be confirmed annually.

Terms and conditions and product description (in Finnish)

• Nordea MyLife terms and conditions (pdf, 179 KB)Opens new window
• Nordea MyLife product description (pdf, 776 KB)Opens new window

Insurance product information documents (in Finnish)

• Critical illness cover (pdf, 159 KB)Opens new window

• Permanent disability cover (pdf, 158 KB)Opens new window
• Unemployment and temporary disability (sick pay) cover (pdf, 164 KB)Opens new window

Nordea MyLife well-being benefit

• Rules of Nordea MyLife well-being benefit (pdf, 189 KB)Opens new window (In Finnish)
• Nordea MyLife app terms and conditions (pdf, 840 KB)Opens new window
• Nordea MyLife app privacy policy (pdf, 761 KB)Opens new window

You are eligible to apply for Nordea MyLife personal insurance if you are aged 18–63 and reside permanently in Finland. 

The covers against unemployment, temporary disability, critical illness as well as permanent disability are issued by Nordea Insurance Finland Ltd (Business ID 2868440-8).  Life insurance, i.e. death cover, is issued by Nordea Life Assurance Finland Ltd (Business ID 0927072-8). The well-being benefit add-on to Nordea MyLife insurance is offered by Nordea Life Assurance Finland Ltd or Nordea Insurance Finland Ltd. The Nordea MyLife app is provided in cooperation with Benify AB. 

Nordea Life Assurance Finland Ltd and Nordea Insurance Finland Ltd sell Nordea MyLife through their agent Nordea Bank Abp. The detailed criteria for claims and the insurance benefit restrictions related to the different kinds of cover are stated in the insurance terms and conditions and in the product description specifying their meaning. 

The general limitations on claims are laid down in the Finnish Insurance Contracts Act. The operations of Nordea Life Assurance Finland Ltd and Nordea Insurance Finland Ltd are supervised by the Finnish Financial Supervisory Authority, www.finanssivalvonta.fi. 

Tax information is in accordance with the situation as at 1 January 2022. Taxation may change during the contract period.