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What is a critical illness cover?

The critical illness insurance covers ten different illnesses or medical treatments: cancer, benign tumour of the brain or spinal cord, MS disease, motor neurone disease, heart failure, acute balloon angioplasty, coronary artery bypass, stroke, renal insufficiency and major organ transplant.

We will pay the tax-exempt lump sum soon after the required diagnosis or treatment measure has been made. You can choose the benefit amount up to 300,000 euros online. Our calculator will help you decide on the amount that suits you the best.

You can use the compensation the way you prefer, for quick access to medical treatment, your personal and your family’s welfare or balancing your everyday expenses, for example.

Affordable insurance and unique benefits

  • Nordea customers always get critical illness cover at the best available price. If you have a loan from Nordea, you receive a minimum 15% ongoing discount. If you pay your insurance premium together with your loan instalment, your discount is 20%. If you don’t have a loan, you are still entitled to a 10% discount.

  • The only critical illness insurance in Finland that rewards you for being physically active. By exercising actively, you can increase your insurance cover by up to 25%.

  • Earn Plussa points – a benefit exclusively available with Nordea insurance policies. Connect your K-Plussa loyalty card to your insurance policy and earn Plussa points for insurance premiums. 

Read more about well-being benefit

Read more about Plussa benefits

Take out critical illness insurance in just a few minutes

  1. Enter the requested details in the calculator. You’ll get our recommendation for a suitable amount of cover. 
  2. Verify your identity with your online banking credentials to see all the discounts available to you and get a quote. You can still adjust the amount of cover and add optional cover for a critical illness, for example.
  3. Select the beneficiary of the life insurance policy and fill in the health declaration.
  4. Confirm your purchase using your online banking credentials.

Please note that your state of health may affect your eligibility for life insurance. Read the insurance terms and conditions and the product description before buying an insurance policy. Calculator is available in Finnish.

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How much does a critical illness insurance policy cost?

The price is customer-specific and based on your age the amount of cover and whether you use tobacco products. Your state of health may also affect the price of your insurance policy. See price examples calculated for a non-smoking person in basic good health.

Now 50% off the first six months

Price example: Ida, aged 30, cover amount 30,000 euros

Ida is single and lives in a rented apartment. She wants to protect her finances in the event of being diagnosed with a serious illness. As a Nordea customer, Ida will receive an ongoing 10% discount on critical illness insurance. Currently, she will also get an additional 50% discount for six months.

Price during the limited-time offer: 2,87 euros per month

Price after the limited-time offer:  5,74 euros per month

Normal price: 6,39 euros per month

See your price (calculator in Finnish)

Now 50% off the first six months

Price example: Mika, aged 45, cover amount 30,000 euros

After seeing close family members and friends diagnosed with serious illnesses unexpectedly, Mika has decided to take out critical illness insurance. Since Mika has a home loan from Nordea, he will receive an ongoing 15% discount on the insurance. Currently, he will also get an additional 50% discount for six months.

Price during the limited-time offer: 8,70 euros per month

Price after the limited-time offer: 17,41 euros per month

Normal price: 20,54 euros per month

See your price (calculator in Finnish)

Insurance indemnity
Price discounts and further details of the campaign
Free additional benefit for your insurance
Insurance provider and product material

What does the insurance indemnity and when is an indemnity paid?

Critical illness insurance is more than just cancer insurance. A tax-exempt lump sum compensation is paid for 10 different illnesses or medical treatments.

Compensable illnesses and medical treatments:

  • cancer (90  days waiting period)
  • benign tumour of the brain or spinal cord
  • MS disease
  • motor neurone disease (e.g. ALS)
  • heart failure
  • acute angioplasty
  • coronary artery bypass
  • stroke
  • renal insufficiency
  • major organ transplant (heart, lungs, liver, pancreas, kidneys or bone marrow transplant)

Important to note about the insurance benefit from the critical illness cover

  • The insurance has a waiting period for cancer diseases. No insurance benefit will be payable for cancer if the examinations relating to cancer are initiated or the cancer diagnosis is made earlier than 90 days after the entry into force of the insurance cover.

  • For more detailed information about what is compensable under the policy, please see the insurance terms and conditions and the supplementary product description.

  • We will pay the tax-exempt indemnity to you soon after the required diagnosis or treatment measure has been made. Up to 90% of claims will be paid out within 5 days of us receiving the completed claim form and the required appendices.

Discounts on critical illness insurance

The price is always customer-specific and based on your age, the amount of cover and whether you use tobacco products. Your state of health may also affect your eligibility for insurance or the terms of your insurance policy.

Ongoing discounts

  • 15% ongoing discount, if you have home loan, student loan or other secured loan with us

  • As our loan customer, 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.

  • 10% ongoing discount for all other Nordea personal customers
  • If you are not a Nordea customer, you can get the K-Plussa customer 10% discount by connecting your Plussa card to the insurance policy

Please note that if you’re eligible for several continuous discounts, you will always get the best discount you’re eligible for.

Limited-time offer until 30 November 2026 – further details

  • The limited-time offer applies to new Nordea MyLife life insurance and critical illness insurance policies purchased either online or via Nordea’s service network. 
  • Campaign period: 22 September – 30 November 2026
  • Discount: 50% 
  • Discount valid for: 6 months
  • Other discounts offered to Nordea’s customers are also valid during the campaign period. The customer discount is deducted from your insurance premium first, after which the limited-time offer is applied.
  • The campaign discount does not apply to any surcharge added to your insurance price due to your state of health. The discount is calculated based on the insurance price before any such surcharge is included.
  • You don’t need to bank with Nordea to take out the insurance policy and enjoy the limited-time offer.
  • You won’t get the limited-time offer 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 and Nordea Life Insurance’s customer and risk management guidelines. You can find more detailed definitions of the illnesses covered and the requirements for receiving a benefit in the insurance terms and conditions. 

Read insurance terms and conditions (pdf 106 KB, in Finnish)

Read product description (pdf 666 KB, in Finnish)

See how much insurance would cost you. The limited-time offer and any customer discount will show in the insurance calculator after you have logged in.

Calculate price (calculator is in Finnish)

The insurance provider and product material

Nordea MyLife insurance as well as all product material and customer service related to Nordea MyLife is offered only in Finnish or Swedish. The contractual language used is either Finnish or Swedish, and the purpose of the information provided on this website is only to give a general overview of Nordea MyLife.  

Terms and conditions, product description and additional information (material is in Finnish)

Nordea MyLife well-being benefit

Insurance provider

Critical illness cover is issued by Nordea Insurance Finland Ltd (Business ID 2868440-8) through its agent Nordea Bank Abp. The well-being benefit add-on is offered by Nordea Insurance Finland Ltd. The Nordea MyLife app is provided in cooperation with Wellmo (Mobile Wellness Solutions MWS Ltd).

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 Insurance Finland Ltd are supervised by the Finnish Financial Supervisory Authority, www.finanssivalvonta.fi. 

Take out the critical illness cover to secure your income

  • Every fifth Finn will fall critically ill while still actively working, and every third Finn will develop some form of cancer during their lifetime.
  • A long sick leave may cut your earnings by as much as half, so you may struggle to cope with your loan repayments and other daily expenses. Your earnings will take an even bigger hit if you have to stop working altogether as a result of your illness.
  • 9 weekdays – this is the period your employer is liable to pay salary to you during a sick leave in addition to the day on which you fell ill. After this, your income will be based on Kela’s sickness allowance unless otherwise stated in your collective agreement. 
  • It’s not only middle-aged and older people who are affected by critical illnesses. If you are young and healthy and just starting out your career or don’t have a regular income yet, an insurance policy can help protect you financially if you fall critically ill. 

50% discount on critical illness insurance – get a quote

You can now get critical illness insurance for six months at half price. Take advantage of our discount by 30 November. Try our insurance calculator to get a personal quote.

Get a quote for critical illness cover (calculator in Finnish)

Don’t forget to get life insurance – grab our limited-time offer for 50% off

When you take out life insurance and critical illness insurance together, you protect both your and your loved ones’ financial future. You also get 50% off life insurance for six months.

Get a quote for life insurance (calculator in Finnish)

Frequently asked questions about critical illness cover

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