Cover for death or permanent disability caused by an accident

• The policy covers permanent disability or death resulting from an accident. An accident is a sudden, external event which causes a bodily injury and occurs against the will of the insured.
• The insured is considered to be permanently disabled if they have lost their ability to perform the duties of any suitable occupation and earn a reasonable income. In the case of a permanent disability, a tax-exempt lump sum is paid out to the insured.
• The policy covers accidental deaths caused by traffic accidents, slipping, falling and drowning, for example. In the case of death, a lump sum is paid out to the selected beneficiary.
• You can buy a policy online with a cover amount of 35,000 or 70,000 euros.
• If you want another cover amount, fill in our contact form. There is no upper limit, but the amount of cover must always be at least 10,000 euros.
• The insurance is valid across the world.
• You need to be at least 18 and no more than 63 years old to take out the insurance policy, and it will be valid until you turn 65.

What is excluded from the insurance policy?

• The policy does not cover a permanent disability or death which does not result from an accident. As an example, a permanent disability or death caused by a critical illness is not covered.
• An injury is not considered to result from an accident if it is slowly formed by an exceptional circumstance, recurring strain or movement or infection inflicted by bacteria or a virus with implications.
• The policy does not cover minor accidents, such as fractures, bruises or wounds. If you are searching for personal accident insurance, look into our health insurance that provides compensation for the costs of examinations and treatments resulting from an illness or accident.

For more detailed information about what is compensable under the policy, please see the product description and insurance terms and conditions (in Finnish). 

The insurance premium depends on the cover amount you choose.

Ongoing discounts

• Ongoing 15% discount if you have a home loan, student loan or other secured loan from Nordea.
• If you have a loan, you can also get an additional 5% payment method discount, if you choose to pay your insurance premium together with your loan instalment. The payment method discount does not apply to student loans.
• Ongoing 10% discount for all other Nordea personal customers.
• If you’re not a Nordea customer, you can get a 10% discount for K-Plussa customers by connecting your Plussa card to the policy.

Please note that if you’re eligible for several ongoing discounts, the highest discount will apply.

• 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.

Example of the impact of the well-being benefit on the cover amount

The example above uses the highest level of the well-being benefit, which is the active exerciser level and entitles you to a 25% increase to the insurance cover. Under the well-being benefit, the increase to the insurance benefit can be either 0%, 15% or 25% during the validity of the insurance, depending on how actively you exercise.

The maximum amount for the increase to the insurance benefit is 100,000 euros in total. The well-being benefit is a complimentary service, and you can activate it when you buy the insurance.

Read more about well-being benefit

• Terms and conditions of Nordea MyLife insurance
• Nordea MyLife product description
• Additional information about cover for death or permanent disability caused by an accident

Nordea MyLife well-being benefit

• Rules of Nordea MyLife well-being benefit

Cover for death or permanent disability caused by an accident is issued by Nordea Insurance Finland Ltd (Business ID 2868440-8) through its agent Nordea Bank Abp. 

Detailed compensation criteria and limitations on claims related to the different kinds of cover are stated in the insurance terms and conditions and in the product description specifying their meaning. General limitations on claims are laid down in the Finnish Insurance Contracts Act. Nordea Insurance Finland Ltd’s operations are supervised by the Financial Supervisory Authority (FIN-FSA). The Nordea MyLife app is provided in cooperation with Wellmo (Mobile Wellness Solutions MWS Ltd).