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.   

Calculate the price for your insurance.

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.

Campaign offer: Critical illness cover -50% for the first 6 months

Campaign details

• Discount on: Nordea MyLife critical illness cover. The discount applies to new insurance policies taken by personal or business customers through our self-service channels or Nordea distribution network.  

• Campaign period: 11 October 2024–15 January 2025
• Discount: 50% 
• Discount period: 6 months
• Note these as well:
• Discounts offered to Nordea’s customers are also valid during the campaign period. If the policyholder is entitled to a discount because they are a Nordea customer, this discount is deducted from the insurance premium before the campaign discount. 
• Example: Nordea’s home loan customer takes out an insurance policy with critical illness cover during the campaign period. The insurance premium is first deducted by 15%, which is the benefit for home loan customers. Secondly, the campaign discount, 50%, is deducted for the first 6 months. 
• You don’t need to be a Nordea customer to take out the insurance policy and get the discount.
• You won’t get the campaign discount if you terminate a corresponding insurance policy with Nordea and take out another one.
• Insurance policies will be issued in compliance with Nordea Insurance’s normal customer and risk management guidelines. 

You will also get to enjoy these permanent benefits and discounts

• As a Nordea customer, you can get a discount on your insurance policy. 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 in your MyLife personal insurance by 15–25% if you exercise actively. You won’t find this unique well-being benefit anywhere else.
• You will automatically get a 25% higher death cover to your life insurance policy. This extra benefit will be confirmed annually.

Here are some of the changes you can make to your personal insurance policy:

• Raising or lowering the amount of insurance cover
• Adding a new type of insurance cover
• Changing the due date for your invoices
• Adding the well-being benefit to your contract
• Amending the beneficiary clause

You can apply changes to your insurance policy by sending us a message through Nordea Mobile or Netbank. Choose ‘Insurances’ as the topic of your message. 

You can also change the due date of your invoices and the invoicing periods by calling customer service at Nordea Life Assurance Finland Ltd and Nordea Insurance Finland Ltd on 0200 22320 (local rates apply). Our phone service is available Mon–Thu 8.30–16.30 and Fri 10.00–16.30. Remember to have your online access codes at hand to verify your identity before we can accept your request for any changes.

Terms and conditions and product description (in Finnish)

• Nordea MyLife terms and conditionsOpens new window
• Nordea MyLife product descriptionOpens new window

Insurance product information documents (in Finnish)

• Critical illness coverOpens new window

• Permanent disability coverOpens new window
• Unemployment and temporary disability (sick pay) coverOpens new window
• Medical expenses insuranceOpens new window

Nordea MyLife well-being benefit

• Rules of Nordea MyLife well-being benefitOpens new window (In Finnish)
• Nordea MyLife app terms and conditionsOpens new window
• Nordea MyLife app privacy policyOpens 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 2024. Taxation may change during the contract period.